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.
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.
On 29 October, Moody's Investors Service and S&P Global Ratings assigned expected ratings to La Trobe Financial's potential residential mortgage-backed securities (RMBS) transaction, La Trobe Financial Capital Markets Trust 2018-2.
The Australian property market is a constant headline producer, particularly when prices are in decline. The recent cooling of house prices, however, has – so far – been a desired outcome for regulators and market participants who were seeking a soft landing after an unprecedented period of growth.
On 26 September, S&P Global Ratings assigned preliminary ratings to Credit Union Australia (CUA)'s proposed residential mortgage-backed securities (RMBS) deal, Series 2018-1 Harvey Trust. Fitch Ratings assigned its expected ratings on the previous day. CUA mandated ANZ, Macquarie Bank, National Australia Bank and Westpac Institutional Bank for the potential transaction on 10 September.
The KangaNews New Zealand Debt Capital Markets Summit 2018, held in Auckland on 8 August, attracted the largest delegate representation ever for an event that has run annually since 2013. Discussion captured all the talking points in the New Zealand capital market including macroeconomics, the business environment and trade updates, as well as spotlights on infrastructure, technology, bank securitisation and investing with impact.