Tuesday, 05 January 2021
Dec/Jan 2020/2021

Australasian retail REITs: pandemic leaves lasting pain

The fallout from COVID-19 will linger beyond lockdowns for rated retail REITs, according to S&P Global Ratings senior director, corporate ratings, Craig Parker, and associate, corporate ratings, Rhys Corry. In Australasia, COVID-19 containment measures are eroding retail REIT earnings and reducing asset value amid unprecedented structural disruption.

Tuesday, 05 January 2021
Dec/Jan 2020/2021

As safe as bricks and mortar

In the second of two roundtables exploring corporate sectors on the front line of the COVID-19 crisis, in November 2020 KangaNews and Westpac Institutional Bank hosted issuers and analysts from the Australian REIT sector to talk about pandemic fallout. The conversation covered crisis response and the new shape of the sector in future, including the likely impact on individual property categories.

Wednesday, 09 December 2020

Behind the downgrades: S&P discusses NSW, Victoria and state outlook

The challenging path back to budget balance rather than the first order impact of the second lockdown was behind S&P Global Ratings’ two-notch downgrade of the state of Victoria. The rating agency emphasised the long term in a 9 December webinar on its recent downgrades of Victoria and New South Wales (NSW).

Monday, 07 December 2020

Victoria hit with two-notch downgrade as NSW drops by one

On 7 December, S&P Global Ratings downgraded the states of Victoria, to AA from AAA, and New South Wales, to AA+ from AAA. S&P notes Victoria’s unusual two-notch downgrade is mainly due to the fallout from the state’s second wave of COVID-19 infections, which resulted in a substantial and prolonged lockdown.

Wednesday, 04 November 2020
Oct/Nov 2020

Communication key as rating pressure mounts

Ratings across the sovereign and subsovereign sector have come under considerable strain during the COVID-19 era as governments seek to ensure the health and economic wellbeing of their citizens in an environment of falling revenue. Germany’s federal state of Baden-Württemberg, and its development agency L-Bank, provide a model for managing the fallout.

Tuesday, 27 October 2020
Oct/Nov 2020

KangaNews DCM Summit economic outlook webinar

The latest in the KangaNews Debt Capital Markets Summit 2020 webinar series included an outlook on the Australian economy and bond market approaching the end of a tumultuous year. Discussion focused on the scale of fiscal support still required, how central-bank stimulus will be deployed and the outlook for key indicators including the housing market.

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