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Bips & Pieces

World's Central Banks' “Shock and Awe” Does Little to Sooth Markets as US Stocks Drop 10%

Global stock markets plummeted again on Monday and US Treasuries soared as coordinate move by world’s central banks to slash rates to zero territory and resume QE proved insufficient.

16 Mar 2020

Bank Muscat Upsizes USD500mn Loan, Sees Strong Demand Despite Volatile Backdrop

Oman’s Bank Muscat finalised a USD650mn club loan with a syndicate of regional and international lenders this week despite the volatile market backdrop.

16 Mar 2020

Corporate Bond Meltdown Could Expose Debt Vulnerabilities in Emerging Markets Despite Coordinated Easing

The ongoing sell-off could raise fears over a global corporate debt bubble, with EM companies particularly vulnerable as uncertainty over the extent and timeline of the COVID19 epidemic persists, IIF analysis explain in a recent research update.

16 Mar 2020

Crude Awakening: Oil Producers with Weak Balance Sheets Most Vulnerable to New Price Reality

While analysts have been hesitant to adjust their long-term expectations on oil prices amidst some of the near-term volatility seen in recent weeks, fund managers at M&G are already warning that a scenario involving average oil prices below USD40 per barrel in 2020 would see the prospects for emerging market oil producers change dramatically.

16 Mar 2020

Moody's Follows Oman Sovereign Rating Move with Corporate, Bank Downgrades

Seven lenders and eight non-financial companies saw their ratings cut by one notch, a week after Moody's trimmed Oman's sovereign rating.

13 Mar 2020

Green Bonds Offer Marginally Lower Yields on Average – MSCI

Green bonds tend to offer 0-2bp lower yield than their conventional counterparts, according to research from MSCI. This is more pronounced in bonds issued by corporates with a higher overall ESG rating.

13 Mar 2020

For Investors, NMC Health Brings Back Haunting Echoes of Abraaj

UAE-based NMC Health’s investigation into substantial amounts of undisclosed debt is making investors wary of another Abraaj-style lapse in corporate governance.

12 Mar 2020

Turkish Banking Sector Outlook Improving - ING

Following strong performance last year, many in the Turkish banking sector are looking ahead at 2020 with optimism, according to Oleksiy Soroka, Senior High Yield Credit Strategist at ING.

12 Mar 2020

China’s Economic Slowdown Increasingly Likely to be Protracted – CA CIB

The coronavirus pandemic could be the final straw for an economy already weakened by the extended trade standoff with the US, the bank’s analysis suggests.

12 Mar 2020

Lower Oil Prices Could Lead to More Debt Issuance to Plug MENA Deficits

A pronounced and prolonged deterioration in the price of oil could shoulder Gulf governments with yawning deficits and may catalyse additional debt issuance to plug the gap.

12 Mar 2020

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