Fallen angels (an issuer whose credit rating falls to double-‘B’-plus and below from triple-‘B’-minus and above, hence making the move to the speculative-grade rating category from the investment-grade rating category) are flourishing under the same ‘modest’ and ‘uneven’ economic recovery that is causing rising stars to dwindle, Standard & Poor’s said.’Globally, the annual total number and dollar value of fallen angels this year will rival those of 2001, possibly continuing the six-year trend of increasing fallen angels. At present, Standard & Poor’s has identified 69 issuers around the globe that have fallen angel potential. This is six more than identified two months earlier,’ said Diane Vazza, Standard & Poor’s head of Global Fixed Income Research. In the near term, the potential number of fallen angels globally could remain high with Outlooks and CreditWatch implications on global corporate ratings 29% negative, 63% stable, 1% developing, and only 7% positive. The brokerage and aerospace & defense subsectors have the cloudiest forecasts with 56% and 52% of issuers within their subsector distributions, respectively, having either a negative Outlook or a CreditWatch with negative implications.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more