Credit Ratings
GBP bounce could be temporary event; market ignores 6% drop in China's stockmarket; US durable goods orders data challenges view of slumping manufacturing sector due to strong USD
26th Feb 16, 8:07am
GBP bounce could be temporary event; market ignores 6% drop in China's stockmarket; US durable goods orders data challenges view of slumping manufacturing sector due to strong USD
Oil prices continue to decline, inefficient & uneconomic oil producers will have to get out; weak economic data contributing to risk-off tone; relentless selling of GBP
25th Feb 16, 8:00am
Oil prices continue to decline, inefficient & uneconomic oil producers will have to get out; weak economic data contributing to risk-off tone; relentless selling of GBP
Oil price down as hopes fade for coordinated policy effect on supply; GBP continues to be hit on Brexit concerns; NZD weakens to 200 day moving average as risk-off mood prevails
24th Feb 16, 8:28am
Oil price down as hopes fade for coordinated policy effect on supply; GBP continues to be hit on Brexit concerns; NZD weakens to 200 day moving average as risk-off mood prevails
Next technical level for NZD/USD is 69c; GBP/USD plunged to a 7-year low; oil production freeze deal still alive; risk on environment as oil prices & equity markets rise strongly
23rd Feb 16, 8:25am
1
Next technical level for NZD/USD is 69c; GBP/USD plunged to a 7-year low; oil production freeze deal still alive; risk on environment as oil prices & equity markets rise strongly
Ratings agency says banks have enough money to manage the 'twin threats' of continued house price inflation and slumping dairy prices
22nd Feb 16, 4:51pm
20
Ratings agency says banks have enough money to manage the 'twin threats' of continued house price inflation and slumping dairy prices
Dairy giant Fonterra's seeking to raise $150 mln through a senior bond issue to institutional and retail investors
22nd Feb 16, 10:04am
2
Dairy giant Fonterra's seeking to raise $150 mln through a senior bond issue to institutional and retail investors
EU worries that negative interest rates undermine bank stability; US inflation up; Yen strong; UK split on June Brexit vote; commodity currencies weaker
22nd Feb 16, 7:56am
EU worries that negative interest rates undermine bank stability; US inflation up; Yen strong; UK split on June Brexit vote; commodity currencies weaker
We don't have securities named CoCos in NZ, but we do have bank securities on issue with the same features
12th Feb 16, 11:01am
We don't have securities named CoCos in NZ, but we do have bank securities on issue with the same features
Expectations of Fed rate hike ease on economic outlook; ECB & BoJ fail to talk down their currencies; USD weak across the board, NZD/USD over 67c
5th Feb 16, 8:27am
Expectations of Fed rate hike ease on economic outlook; ECB & BoJ fail to talk down their currencies; USD weak across the board, NZD/USD over 67c
USD weaker as NY Fed chief notes tighter conditions. NZD gains on both jobless rate fall and Wheeler comments. Global equities weaker while commodities gain
4th Feb 16, 8:10am
USD weaker as NY Fed chief notes tighter conditions. NZD gains on both jobless rate fall and Wheeler comments. Global equities weaker while commodities gain
Oil majors thrashed with oversupply and softening demand; EU labour markets improve; NZD recovers quickly after less-than-expected GDT fall
3rd Feb 16, 7:51am
Oil majors thrashed with oversupply and softening demand; EU labour markets improve; NZD recovers quickly after less-than-expected GDT fall
Citigroup's economic surprise index falls to 8-month low as US data fails to excite; Chinese PMI falls to lowest level since August 2012; portfolio flows rather than fundamentals sends NZD higher
2nd Feb 16, 8:12am
Citigroup's economic surprise index falls to 8-month low as US data fails to excite; Chinese PMI falls to lowest level since August 2012; portfolio flows rather than fundamentals sends NZD higher
Japan rate move causes odd currency reactions. Low US growth data hid some positive consumer drivers at work. Markets liked both events. Stocks and oil rose
1st Feb 16, 8:11am
Japan rate move causes odd currency reactions. Low US growth data hid some positive consumer drivers at work. Markets liked both events. Stocks and oil rose
US durable goods orders and pending home sales were weak; Euro-area confidence indicators underwhelmed; dovish tone to part of RBNZ's statement; Fonterra forecast milk price slashed again
29th Jan 16, 8:05am
US durable goods orders and pending home sales were weak; Euro-area confidence indicators underwhelmed; dovish tone to part of RBNZ's statement; Fonterra forecast milk price slashed again
Fitch sees headwinds for NZ banking sector as it lowers outlook on NZ ratings, but sees AA sovereign rating as 'very much still supported'
28th Jan 16, 9:50am
1
Fitch sees headwinds for NZ banking sector as it lowers outlook on NZ ratings, but sees AA sovereign rating as 'very much still supported'
Commodity currencies gain but Fed and RBNZ will set tone and determine whether the rally can be sustained
28th Jan 16, 7:49am
Commodity currencies gain but Fed and RBNZ will set tone and determine whether the rally can be sustained
Strong rebound in oil prices on producer cooperation talk and uptick in US consumer confidence. Fitch changes NZ outlook to 'stable'
27th Jan 16, 8:10am
2
Strong rebound in oil prices on producer cooperation talk and uptick in US consumer confidence. Fitch changes NZ outlook to 'stable'
Martien Lubberink commends the RBNZ for listening to S&P & staying loyal to international norms by not yielding to banks' objections to being forced to produce off-quarter general disclosure statements
23rd Dec 15, 11:43am
2
Martien Lubberink commends the RBNZ for listening to S&P & staying loyal to international norms by not yielding to banks' objections to being forced to produce off-quarter general disclosure statements
Big banks can make APRA enforced funding profile shift without significantly affecting their business profile or strategy, S&P says
17th Dec 15, 5:02pm
Big banks can make APRA enforced funding profile shift without significantly affecting their business profile or strategy, S&P says
Significant task for ANZ to meet new APRA rules, work for ASB & Westpac to do too; Moody's, Fitch don't see any credit rating impact
17th Dec 15, 6:03am
Significant task for ANZ to meet new APRA rules, work for ASB & Westpac to do too; Moody's, Fitch don't see any credit rating impact
S&P says robust Auckland house price growth heightening risk for NZ banks, although they are 'reasonably placed to absorb price shocks'
20th Oct 15, 11:05am
21
S&P says robust Auckland house price growth heightening risk for NZ banks, although they are 'reasonably placed to absorb price shocks'
S&P cautions on cyber-attack threat to bank credit ratings, notes 'the sensitivity to confidence inherent in the banking industry'
5th Oct 15, 4:02pm
S&P cautions on cyber-attack threat to bank credit ratings, notes 'the sensitivity to confidence inherent in the banking industry'
Credit rating agency says govt decision not to bail out stricken SOE may have implications for any financial institution that gets into strife in the future
24th Sep 15, 4:02pm
Credit rating agency says govt decision not to bail out stricken SOE may have implications for any financial institution that gets into strife in the future
S&P suggests 'proactive' RBNZ would agree with the credit rating agency's view of increasing risk in the NZ banking industry
18th Aug 15, 10:08am
1
S&P suggests 'proactive' RBNZ would agree with the credit rating agency's view of increasing risk in the NZ banking industry
S&P sees heightened risk for NZ financial institutions from surging Auckland house prices; Big 4 banks' stand-alone credit profiles downgraded
14th Aug 15, 1:50pm
24
S&P sees heightened risk for NZ financial institutions from surging Auckland house prices; Big 4 banks' stand-alone credit profiles downgraded