Tag Archives: Outlook

Moody’s: Asian steel and coal sectors outlooks are negative

Hong Kong, December 11, 2013 — Moody’s Investors Service says that its outlooks for the Asian steel and coal sectors are negative in 2014.

Read full article at https://www.moodys.com/research/Moodys-Asian-steel-and-coal-sectors-outlooks-are-negative–PR_288792

 

Moody’s: Outlook for Asian oil and gas E&P positive; R&M stable in 2014

Singapore, December 09, 2013 — Moody’s Investors Service says that the outlook for the Asian oil and gas industry’s exploration and production (E&P) sector is positive in 2014, while that for the refining and marketing (R&M) sector is stable.

Read Full article here https://www.moodys.com/research/Moodys-Outlook-for-Asian-oil-gas-EP-positive-RM-stable–PR_288262?WT.mc_id=MDCAlerts_realtime

Moody’s: Asian consumer electronics outlook is negative in 2014

Tokyo, December 11, 2013 — Moody’s Japan K.K. says that the outlook for the Asian consumer electronics industry is negative in 2014.

See full article here https://www.moodys.com/research/Moodys-Asian-consumer-electronics-outlook-is-negative-in-2014–PR_288661

 

 

CARE Research – Quarterly update on Indian Housing Finance Industry Dec 2013

CARE Research has released 2QFY14 Result Review update in December 2013 on Indian Housing Finance Industry – “Despite spread compression, loan growth remains buoyant”
Key takeaways include:
  • As per NHB Residex, property prices in 12 out of 26 Indian cities witnessed northward trend sequentially (in range of 0.46% to 5.3%) in 2QFY14 with Kolkata reporting highest appreciation of 5.3%. However, 10 cities recorded contraction in property prices qoq, with Meerut observing the highest fall of 6.8% followed by Delhi 4.53%
  • Amid weak macro-economic and elevated interest rate/inflationary scenario, the o/s loan book of HFCs’ universe analyzed by CARE Research grew by 23% in 2QFY14 (yoy) v/s. 21% in 2QFY13 on 1) improving affordability despite rising property prices, and 2) continued focus towards tier II/III/IV cities and 3) huge mortgage penetration gap (~9% as on FY13)
  • CARE Research observes that average gross NPA level of the universe analyzed reduced by 5 bps to 0.67% in 2QFY14 sequentially on account of 1) continued better asset selection, and 2) robust recovery mechanism under SARFEASI act 2002
  • The Net Interest Margin (NIM) of the HFC universe analyzed, declined to 2.39% in 2QFY14 v/s. 2.44% in 1QFY14 on 1) elevated pricing competition from banks, 2) increased cost of fund and 3) stress on project/builder loan portfolios. However, CARE Research estimates NIM to witness improvement in FY15e on stabilized cost of fund led by falling wholesale rate & borrowing via ECB route
  • The total income growth of HFC universe analyzed, moderated to 18.7% in 2QFY14 v/s. 19.2% in 1QFY14 led by 1) low interest income (on suppressed spreads) and 2)  fall (-13.1%) in other operating income segment
  • The Profit After Tax (PAT) of the HFC universe analyzed grew by 15.4% in 2QFY14 v/s. 22.7% in 1QFY14 due to 1) increased interest expenses (grew by 20% yoy) & other cost (grew by 18% yoy) and 2) contained interest income(grew by 18.7% yoy) & fall in other operational income (-13.1% yoy)

 

S&P 2014 U.S. Economic Outlook – Live Webinar, Dec 16th at 830pm IST

Please join Standard & Poor’s Ratings Services on Monday, December 16th at 8.30pm IST or 10:00 a.m. Eastern Standard Time for an interactive, live Webcast and Q&A.
This event will feature highlights from our 2014 U.S. Economic Outlook and the potential impact on the U.S. sovereign and state and local governments. We are also pleased to present an equity perspective from S&P Capital IQ.

 Register for the complimentary Webcast here.

Throughout this live webcast, you will be able to submit your questions via the web. Please note that Standard & Poor’s Ratings Services offers all of its webcasts on a complimentary basis.

Speakers are:

Paul Sheard
Executive Managing Director and Chief Global Economist
Standard & Poor’s Ratings Services

Beth Ann Bovino, PhD
Chief U.S. Economist
Standard & Poor’s Ratings Services

Marie Cavanaugh
Managing Director, Sovereign Ratings
Standard & Poor’s Ratings Services

Gabriel Petek
Senior Director, U.S. Public Finance
Standard & Poor’s Ratings Services

Sam Stovall
Chief Equity Strategist
S&P Capital IQ

Moderated by:

Ed Sweeney
Senior Director, Communications
Standard & Poor’s Ratings Services

A replay will be sent to all registrants. 

Standard & Poor’s Ratings Services’ Webcasts deliver audio and slides in a streamlined presentation. You will need computer speakers or headphones to listen to the audio stream. You may submit your questions for the presenters in real time via the Webcast interface.

Complimentary Subscription to Moody’s Credit Outlook and Weekly Market Outlook

Complimentary Subscription to Moody’s Credit Outlook and Weekly Market Outlook

Moody’s Credit Outlook : Credit implications of current events.
Weekly Market Outlook : Insights and data from John Lonski and colleagues at Moody’s Analytics on corporate bond, CDS, and equity markets