Unscheduled Moody’s visit points to certainty of downgrade – Business Day – 09/11/2017

SA maintains a negative outlook because the country’s politics remain a concern, Moody’s 2018 Sovereign Outlook shows

Source:  Business Day, 2017/11/09

By |November 9th, 2017|Categories: News|Tags: , , |

Moody’s downgrades Nigeria’s sovereign issuer rating to B2 with a stable outlook – Moody’s – 07/11/2017

Moody's Investors Service has today downgraded the Government of Nigeria's long-term issuer and senior unsecured debt rating to B2 from B1 and the senior unsecured MTN program rating and the provisional senior unsecured debt rating to (P)B2 from (P)B1. The rating outlook remains stable.

Source:  Moody's, 2017/11/07

By |November 9th, 2017|Categories: News|Tags: , , |

Argentina at Mercy of Debt Markets to Fund Reforms, Macri Says – Bloomberg – 08/11/2017

Argentina’s ambitious reform plans will be vulnerable to global debt markets in the coming years, said President Mauricio Macri, who gave his clearest indication yet that he will seek a second term to fulfill them.

Source:  Bloomberg, 2017/11/08

By |November 9th, 2017|Categories: News|Tags: , , |

Gramercy Says Venezuela Saga to Be Worse Than Argentina’s – Bloomberg – 06/11/2017

Of the many sovereign bonds restructurings Robert Koenigsberger has witnessed in his three decades in the business, none will come close to Venezuela, he says.

Source:  Bloomberg, 2017/11/06

By |November 9th, 2017|Categories: News|Tags: , , |

Russia Braces for Debt Blowback If U.S. Stiffens Its Sanctions – Bloomberg – 07/11/2017

Russia is prepared for higher borrowing costs in the market as a result of concerns about possible U.S. sanctions, although the budget fallout would be limited, according to Deputy Finance Minister Vladimir Kolychev.

Source:  Bloomberg, 2017/11/07

By |November 9th, 2017|Categories: News|Tags: , , |

The IMF has joined the list of major organisations concerned about Australia’s household debt – Business Insider – 04/10/2017

The IMF has issued a warning on Australia’s domestic economy, highlighting the threats to consumption growth from growing household debt levels. The “Rising Household Debt: What It Means for Growth and Stability” research report says that while an increase in household debt provides a near-term boost to the economy, the positive effects begin to reverse [...]

By |October 27th, 2017|Categories: News|Tags: , , |

China Faces Growing Debt Problems, Says Central Bank Governor – Global Research – 24/10/2017

A warning by the governor of the People’s Bank of China, Zhou Xiaochuan, that the country’s financial system faces a possible “Minsky moment” has again raised concerns over the level of the country’s debt.

Source:  Global Research, 2017/10/24

By |October 27th, 2017|Categories: News|Tags: , , |

India’s 25 Billion Pounds Bank Recapitalisation Plan Lifts Shares, Raises Questions – The New York Times – 25/10/2017

Indian banking shares soared on Wednesday, sending indexes to record highs after the cabinet approved a 24.68 billion pounds plan to recapitalise its state banks over the next two years, although uncertainty remains about how the injections will be structured.

Source:  The New York Times, 2017/10/25

By |October 27th, 2017|Categories: News|Tags: , , |

Venezuelan bond prices jump on report state oil giant has approved make-or-break debt payment – CNBC – 24/10/2017

Venezuela's state oil giant has made good on two missed debt payments and has approved funds for a critical $984 million payment due on Friday, Ecoanalitica reported Bond prices jumped on the report, analysts said. Venezuela has missed nearly $600 million in interest payments this month and faces another major bond deadline on Nov. 2.

Source: [...]

By |October 27th, 2017|Categories: News|Tags: , , |

Venezuela Said to Be Late on $185 Million Sovereign Bond Payment – Bloomberg – 20/09/2017

Venezuela, one of the world’s riskiest countries for investors, is late on a debt payment. The intermediaries tasked with passing along interest payments for the cash-strapped nation haven’t received the funds for an $185 million coupon that was due Sept. 15, according to people with knowledge of the matter. Investors interviewed by Bloomberg say they [...]

By |October 12th, 2017|Categories: News|Tags: , , |