Rating cut for Allied Nationwide

A material deterioration in liquidity and the increased risk of a cash shortfall from now until October, should reinvestment rates fall from already modest levels or loan repayments be delayed, led.. read more

Redeeming QBE

Insurance group QBE, through its subsidiary QBE International Holdings (UK) Plc, has given notice of its intention to redeem €115 million of subordinated EFRNs due 2020, A$150 million of subordina.. read more

AIBs to be the new ASBs

Does anyone remember Australian Savings Bonds? ASBs were available on tap to retail investors between 1976 and September 1987, with new issues formally suspended in January 1988. At that time, they.. read more

ECB review an unsettling read

The European Central Bank released its semi-annual Financial Stability Review last week. While it did not receive much coverage here, it was the trigger for further volatility and investor nervousne.. read more

Westpac LMI rated

Westpac Lenders Mortgage Insurance Ltd received insurer financial strength ratings by both Fitch (AA/Stable) and S&P (AA-/Stable) last week. The ratings reflect the strategic importance of WLMI.. read more

Two ABS upgrades

Standard & Poor's raised its ratings on the class B, C, D, and E notes issued by Illawarra Series 2007-1 CMBS Trust to 'AAA', 'AA', 'A-' and 'BB+' from 'AA', 'A', 'BBB' and 'BB', respectively. A.. read more

No cause for concern over systemic liquidity

Much has been written and said about recent increases in Libor, which is said to be reflecting growing anxiety in the global banking system: banks are, once more, becoming reluctant to lend to each.. read more

Suncorp doubles and prices controversial RMBS

Suncorp Metway and the Australian Office of Financial Management created a bit of a stir last week with the announcement of a A$500 million prime RMBS issue via the Apollo Series 2010-1 Trust, which.. read more