The latest results reported by Australia’s large banks point to growing pressure on net interest margins (NIMs) amid heightened competition for deposits and mortgage borrowers, says Fitch Ratings.
Canadian covered bonds had an even stronger showing in 2Q23 than in 1Q23 in terms of issuances, with performance remaining stable and ratings not being impacted by Canada’s worst wildfires in recent history.
The operating environment (OE) for Indian banks has strengthened as economic risks associated with the Covid-19 pandemic have ebbed, says Fitch Ratings.
The upward trend in Japanese bond yields, set to be reinforced by the Bank of Japan’s (BOJ) recent relaxation of its yield curve-control policy, should be positive for Japanese life insurers’ economic solvency ratios and credit profiles, says Fitch.
The growth in Fitch-rated Taiwanese banks' profitability is likely to be sustained in 2023, despite slower growth in loan demand in the first five months of the year.
Nearshoring is benefiting the operating environment of Mexican corporates, particularly for domestic manufacturers and the industrial real estate sector, but reaping the full benefits is likely to take three years or longer.
Significant federal funding being deployed to improve and expand high-speed broadband internet access across the U.S. is likely to drive a wave of digital infrastructure projects.
U.S. non-for-profit (NFP) hospitals are in for prolonged pain with medians showing sizeable deterioration, though Fitch points to some relief heading into next year.
India’s retail central bank digital currency (CBDC) pilot project has expanded rapidly but will face further challenges as it gradually scales up to mass use.
Chinese banks face growing but different pressures on asset quality and profitability from their exposure to local-government financing vehicle (LGFV) debt in the next year or two, says Fitch Ratings.
Canadian pension funds’ credit profiles can withstand the challenging investment environment over the near term, but investment and funding risks remain elevated.
Susanne Matern, Head of European Structured Finance and Kei Ishidoya, Senior Director, EMEA CLOs discuss the outlook and ongoing challenges from high inflation to rising rates in the EMEA CLO market.
Susanne Matern, Head of European Structured Finance and Markus Papenroth, Head of EMEA ABS provide the 2023 mid-year outlook for EMEA ABS and explore how interest rate trends are expected to impact the sector.
Duncan Paxman, Senior Director, EMEA RMBS discusses the outlook for EMEA RMBS markets and shares risks to watch in the next twelve months.
Susanne Matern, Head of European Structured Finance and Daniel York, Senior Director, EMEA CMBS discuss the rising rate environment and structural changes that challenge the sector.
A total of 89 of Japan's top 100 listed non-financial corporates are expected to improve their financial leverage in the fiscal years starting in 2023 and 2024 (FY23-FY24), according to Fitch Ratings.
Kevin Kendra, Managing Director, Head of U.S. RMBS discusses the U.S. housing market and how Fitch’s expectations changed since the beginning of the year in the latest from our virtual investor series.
Credit profiles of small Chinese banks, mainly city and rural commercial banks and rural cooperatives, continue to face various pressures and are more vulnerable to financial instability than their domestic peers, says Fitch Ratings.
Fitch has revised its global mining sector outlook to Neutral due to increased demand from China following earlier re-opening, more resilient global GDP growth in 2023, and balanced supply and demand for major mining commodities.
Cosme de Montpellier, Senior Director, Covered Bonds rating team, speaks with Natasha Guerer, Director, Covered Bonds, on the main drivers of Covered Bonds Rating performance for remainder of 2023.