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CIT Group Inc. emerged from bankruptcy protection on Thursday in the United States.  In anticipation of this development, S&P removed its D rating on the group and its subsidiaries, stating t.. read more

Investec Bank Limited has had its long-term foreign currency issuer default rating lowered to 'BBB' from 'BBB+' by Fitch. The rating outlook is stable. The downgrade reflects the difficult operating e.. read more

Standard & Poor's changed its outlook on the AAA credit rating on senior debt and A-1+ rating on short-term debt assigned to Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., otherwise known.. read more

Fitch released its "Australian Mortgage Delinquency by Postcode" report to September 2009 and observed that some areas like western and south-western Sydney will be under increased pressure as interes.. read more

Last week ASIC released a consultation paper in which it outlined its proposals for the establishment of a listed corporate bond market. ASIC is proposing to provide relief to allow certain offers of.. read more

Fitch downgraded NZ$19.6 million of notes issued by Rated Mortgage RML 2006-2 Trust to BB- from BB and left the rating with a negative outlook. The downgrade and negative outlook reflect the recent do.. read more

The serious omission in the ASIC proposals on fostering a retail market in corporate debt is the absence of any reference to credit ratings. read more

Institutional investors are largely not in favour of a retail corporate bond market. read more

As expected, Incitec Pivot (rated BBB) sold bonds last week, but not in the domestic market. Incitec raised US$800 million for ten years in the US s144A market. read more

Meanwhile in the domestic bond market last week, Caisse d'Amortissement de la Dette Sociale (CADES), European Investment Bank and Bank Nederlandse Gemeenten raised a combined A$1.3 billion. read more