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Offshore, S&P affirmed the 'AA' financial strength rating assigned to the monoline insurers, Ambac Assurance Corp and MBIA Insurance Corp, and removed the ratings from CreditWatch Negative. The ou.. read more

Standard & Poor's, Moody's Investors Service and Fitch Ratings responded quickly to QBE Insurance's move on PMI Mortgage Insurance, a move that QBE says will give it a 40 per cent share of the Aus.. read more

Attention in the domestic credit market swung back to the imminent collapse or revival of the RMBS sector, last week. Opinion is clearly divided as to which way it is going to go. read more

While the debate over RMBS funding options goes on there are some points worth noting: read more

APRA has ruled out covered bond issuance in Australia but this leaves Australia looking a little out of line against Europe, where covered bond issuance has been undertaken for centuries, and against.. read more

In other debt issuance activity last week, NAB suffered the ignominy of having 70 per cent of investors who had taken up its $850 million bond issue the week before, opt out of the issue after it anno.. read more

If NAB is feeling bruised and battered, Deutsche Bank must be feeling a whole lot worse. After announcing further write downs and impairment charges of €2.3 billion with its second quarter results o.. read more