New Zealand To Issue Sovereign Green Bonds To Support Climate Transition

New Zealand government announced it’d be issuing a ‘green bond’ to fund low-emission or environmental projects such as renewable energy or reforestation, have increasingly become part of climate financing around the world including the UK, Germany and France. The ‘green bonds’ are issued at lower interest rates (relative to conventional govt bonds) to money managed by sustainable funds & those with ESG (environment, social and sustainability) mandates. In 2020 the global green bond market reached a cumulative issuance milestone of … Continue reading “New Zealand To Issue Sovereign Green Bonds To Support Climate Transition”

Fitch Warns United States Could Lose ‘AAA’ Over Political Brinksmanship Over Debt Limit

Rating agency Fitch warned debt limit games could put US AAA rating at risk. If US debt limit were not raised or suspended in time, political brinksmanship and reduce the financing flexibility could increased risk of sovereign default United States of America at ‘AAA’

Japan Affirmed by Fitch at ‘A’ With Negative Outlook

Japan was affirmed by rating agency Fitch at ‘A’ with a negative outlook adding it expects the Bank of Japan inflation target of 2% to remain out of reach. Fitch expects growth of 2.5% in 2021 and 3.0% in 2022, as the economy recovers from a 4.6% contraction in 2020.

US Sovereign Rating Affirmed AA+ With Stable Outlook Stable By S&P

Standard and Poors rating agency affirmed that the US sovereign ratings remain ‘AA+/A-1+’ and the outlook remains stable. The US is thundering to increasingly massive debt levels since the global pandemic. The S&P says sovereign stability is based on strong American institutions, a diversified and resilient economy, extensive monetary policy flexibility

Fitch Affirms United States at ‘AAA’ BUT With Negative Outlook

Rating agency Fitch reaffimed the United States of America at ‘AAA’ BUT with Outlook Negative Friday. This comes after in March it warned of high fiscal deficits and debt which were already rising even before coronavirus are starting to erode these credit strengths.

UK Affirmed AA by Fitch, Off Ratings Watch Negative, Brexit Deal Expected

Rating agency Fitch affirmed UK at ‘AA’ and removed them from Rating Watch Negative (RWN). The Outlook is Negative. Forecast highly likely UK leaves EU with an agreement on Jan 31 2020. Uncertainty regarding future of UK and EU relations for some time.

China Bank Capital Adequacy Ratios, 10 Domestic Systemically Important Banks say Fitch

China is likely to list at least 10 out of 30 institutions as domestic systemically important banks (D-SIBs) Fitch ratings estimates and based on the regulator’s draft consultations and could influence views over systemic importance for some banks.