S&P

Monday, 19 December 2016
Dec/Jan 2016/17

Australia avoids immediate sovereign downgrade following mid-year update

S&P Global Ratings (S&P) stayed its hand on Australia's sovereign rating following the release of the Commonwealth's mid-year economic and fiscal outlook (MYEFO) on December 19. The rating agency maintains the negative outlook on Australia's triple-A rating, while both Moody's Investors Service (Moody's) and Fitch Ratings (Fitch) are retaining stable triple-A ratings on the Australia sovereign.

Monday, 01 April 2019

La Trobe Financial has preliminary ratings assigned for potential RMBS deal

On 1 April, S&P Global Ratings assigned preliminary ratings to La Trobe Financial's proposed nonconforming residential mortgage-backed securities (RMBS) deal, La Trobe Financial Capital Markets Trust 2019-1. The issuer mandated Commonwealth Bank of Australia, HSBC, Macquarie Bank, National Australia Bank, Natixis and United Overseas Bank for the potential transaction on 13 March.

Wednesday, 06 March 2019

No alarm and little surprise on Suncorp RMBS arrears, analysts say

Analysts tell KangaNews the trigger of a stepdown provision in Suncorp Group (Suncorp)’s Apollo 2010-1 residential mortgage-backed securities (RMBS) trust is not a sign of systemic problems with the asset class, despite rising arrears in the loan pool. In fact, they say the function is working as it should – to protect senior noteholders.

Wednesday, 02 January 2019
Dec/Jan 2018/19

Better days for Australian securitisation

The Australian securitisation market is arguably in its best shape since the financial crisis – at least in the sense of the robustness of market infrastructure and diversity of participants on the issuer and investor sides. In November, a record number of delegates gathered in Sydney at Australian Securitisation 2018, the annual conference of the Australian Securitisation Forum, to discuss the state of play – and some of the looming challenges.

Monday, 17 December 2018

Qantas to shift to single-rating status

On 17 December, Qantas Group (Qantas) revealed that “given the strength of its balance sheet and access to diversified funding markets” it will discontinue its ratings subscription with S&P Global Ratings. The issuer’s outstanding notes will continue to carry a Baa2 rating from Moody’s Investors Service.

Tuesday, 04 December 2018
Dec/Jan 2018/19

KangaNews Awards 2018: winners announced

KangaNews is proud to present the winners of the institutional and deal categories in the KangaNews Awards 2017. After an extensive voting and verification process, KangaNews can confidently say its results reflect a true market view on the outstanding performers of 2017 in the Australian and New Zealand debt markets.

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