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.
KangaNews is proud to announce the winners of the institutional and deal categories in the KangaNews Awards 2022. At the end of another hectic year in the Australian and New Zealand capital markets, KangaNews received votes from hundreds of market participants keen to recognise the achievements of 2022's most outstanding performers.
The KangaNews New Zealand Debt Capital Market Summit returned to Auckland on 7 September, attracting a record audience as the market gathered after two years of disruption during the pandemic. The New Zealand economy is at the forefront of the global battle against inflation and its capital market is changing shape rapidly, including the all-important factor of sustainable finance. Speakers at the event reflected on the risks and opportunities.
The Australian government will launch a public consultation on mandatory climate reporting this year, starting the process of aligning the country with its global peers. Market participants say the move, while overdue, will be a boon to business, capital flows and the country’s reputation as a responsible international citizen.
The Australian nonbank securitisation market has been a story of almost unimpeded progress for the past decade or more. It is facing new challenges in 2022 and its resilience is being tested in more ways than one. But market participants retain confidence in the nonbank sector’s overall health and the value proposition of its core funding instrument.
Transition to a more sustainable economy is increasingly driving investment and business decisions. While climate has been a key focus, market participants are now moving to add natural capital to their calculations and pressing ahead with more socially focused projects, according to speakers at the KangaNews Sustainable Debt Summit, which took place in Sydney in late May.