Posts Tagged ‘ Moody’s ’

Proposed mortgage rules positive for Norwegian covered, says Moody’s

Sep 13th, 2016

Tighter mortgage underwriting standards proposed by Norway’s FSA are credit positive for Norwegian covered bonds and banks, Moody’s said yesterday (Monday), highlighting a cap on loan-to-income ratio limits and lower LTV ratios.

New LTV caps positive for Finnish covered bonds, says Moody’s

Jul 8th, 2016
Finanssivalvonta Finland web

New caps on LTV ratios that took effect in Finland last week are credit positive for Finnish covered bonds, according to Moody’s, reducing credit risk at the whole-loan level and adding to protections in the Finnish covered bond framework.

Storebrand late payment ‘technical’, credit quality ‘unaffected’

Jun 23rd, 2016

Storebrand Boligkreditt repaid a maturing Norwegian krone covered bond two days late last week, according to Moody’s, which said that the payment delay was due to a technical error, is not considered a default, and has not affected the credit quality of the programme.

Norwegian covered bonds resilient to oil exposures, says Moody’s

Mar 18th, 2016
Norway oil web

Norwegian covered bonds exposed to oil price-sensitive markets will be able to withstand the effects of persistent low prices thanks to sufficient levels of surplus OC, according to Moody’s, with the rating agency also noting that the relevant programmes should prove resilient to a consequent weakening of the Norwegian economy.

Moody’s upbeat on Sweden, but warning on boom

Nov 13th, 2015

Moody’s has improved its outlook on the Swedish banking system from negative to stable, citing the positive impact of strong economic growth on asset quality and profitability, but the rating agency also warned of the consequences of a housing boom.

Finland takes silver in Moody’s post-default framework ranking

Oct 9th, 2015
Moodys logo

Finland came second to Germany in a ranking by Moody’s of eight covered bond jurisdictions according to how they deal with the consequences of an issuer default, with Norway and Sweden being placed mid-table.

Moody’s: Swedish move positive

Oct 2nd, 2015
Riksdag App

A Swedish government plan to introduce a legislative 2% minimum overcollateralisation level – prompted by EU derivatives clearing regulations – would be credit positive for covered bonds, according to Moody’s.

Moody’s cites Norwegian BRRD covered benefits

Aug 21st, 2015
DNB image

The expected implementation in Norway of a resolution regime equivalent to the EU Bank Recovery & Resolution Directive (BRRD) will result in Norwegian covered bonds having less exposure to bank defaults and losses, Moody’s said last Friday (14 August), highlighting the rating benefits this has led to.

Moody’s ups six Nordics as new criteria reflect strengths

Jun 18th, 2015

Moody’s upgraded six Nordic issuers yesterday (Wednesday) – Danske, DNB, Handelsbanken, Nykredit Realkredit, SEB and Swedbank – citing strong macro profiles, healthy and strengthened core financial ratios and benefits of the introduction of bail-in regimes across the region.

Aktia REMB covered bonds achieve highest rating

May 29th, 2015

Moody’s upgraded the rating of covered bonds issued by Aktia Real Estate Mortgage Bank (REMB) from Aa2 to Aaa yesterday (Thursday), following the introduction of Counterparty Risk (CR) assessments to its methodology.