The outlook for the global shipping industry has changed to ‘negative’ from ‘stable’ in the wake of the coronavirus outbreak, Moody’s Investors Service said in a new report. The change to a
Moody’s expects government financial support for affected businesses and households, in addition to ECB measures and Central Bank of Cyprus moves, to help limit the coronavirus-related impact on banks’ asset quality and
Moody’s Investors Service has revised its Global Macro Outlook and its baseline growth forecasts for all G20 economies. The coronavirus outbreak has spread rapidly outside China to a number of major economies.
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility, according
With the coronavirus outbreak hitting automotive demand and disrupting supply chains, Moody’s is lowering its sales forecast for global car manufacturers, according to a new report published Wednesday. The rating agency’s outlook
The island’s two largest lenders, Bank of Cyprus and Hellenic Bank, actively pursuing sales of €4 bln of bad loans would improve their asset quality metrics, accelerating the derisking of their balance
The outlook for the global life insurance sector is stable, reflecting insurers’ solid regulatory capital and relatively conservative investment portfolios, and their efforts to adapt their products to a low interest rate
The outlook for global banks has changed to negative from stable as slower economic growth, low interest rates and more volatile operating conditions will increase their credit challenges, Moody’s Investors Service said