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With the massive volume of issuance seen from the banks in the domestic market and now, with the apparent thawing in the market that is seeing issues from kangaroos and corporates welcomed, 2009 could.. read more

It's that time of year when governments in Australia and New Zealand release their budgets for the fiscal year ahead. The hot topic this year is how much additional debt is going to be incurred, what.. read more

Fitch called default on three tranches of the Mobius ELR 01 Trust ABS on Thursday. This is the first ABS default in the Australian market and comes after the near default by Elderslie MTN Trust Series.. read more

There was almost $2.3 billion of bonds issued in the domestic corporate bond market last week, bringing the issuance total for April to more than $3.8 billion and the 2009 year to date total to $27.5.. read more

Further to our discussion last week on the prospects for a recovery in the domestic corporate bond market, we note that the view of ANZ's economists on the outlook for short-term interest rates has al.. read more

In the structured finance sector we may have seen the first non-AOFM backed transaction for the year; but then there could have been other private placements that we are not aware of. Resimac privatel.. read more

Standard & Poor's released its 2008 Australia and New Zealand corporate default and ratings transition study last week. S&P noted that the Australia and New Zealand rated corporate pool suffer.. read more

In its March 2009 interim results announcement National Australia Bank disclosed that it had, in part, increased provisions due to its expectation that lenders' mortgage insurance claims for loans wri.. read more

Fitch Ratings affirmed the 'AAA/AA+' long-term local and foreign currency issuer default ratings it assigns to Australia, along with the 'F1+' short-term rating. The outlook on the ratings is stable. read more

Following on from Moody's Investors Service the week before last, S&P cut its counterparty credit ratings on American Express Co. and its subsidiaries by two notches to 'BBB+/A-2' from 'A/A-1'. Th.. read more