11 Ιουν 2017

Inside Credit, Fitch Ratings 09/06/2017

Shared Workspaces Could Shrink Central London's Office Market Value by 25%
Working remotely from suburban shared workspace allows savings to be unlocked for service sector employers and their employees but could see the value of central London's office market fall by as much as 25% over 10 years.

Duration of Diplomatic Dispute is Key to Qatar Impact
The decision by several governments to cut diplomatic and economic ties with Qatar has no immediate impact on Qatar's sovereign rating; however, if the dispute persists, the economic and financial implications for Qatar would be more serious.

Paris Exit Will Not Stop US Public Power CO2 Reduction
The intention to withdraw the U.S. from the Paris climate agreement will not change the prevailing pressure on public power utilities to reduce CO2 emissions over time

High Event Risk and Fundamentals Solid for US Healthcare
The US healthcare sector has solid fundamentals relative to other corporate sectors, but faces high levels of event risk from political and regulatory uncertainty.

Housing Risks Escalate for Canadian Banks
Home prices continue to hit new highs which could cause challenges for Canadian banks if there is a severe economic shock.

U.S. REIT Handbook: E-commerce is a Sector Gamechanger
Struggles continue for the challenged retail sector, and lack of rent growth will prove to be especially problematic for class B malls and outlying strip centers as they lose tenants.

Average US CMBS Loss Severities Set to Rise Again
Average loss severities for US CMBS eclipsed 50% for the first time in two years and are positioned for another increase this year.

Foreign-Currency Liquidity Improving for Nigerian Banks
Nigerian banks' ability to access foreign currency has improved considerably since the Central Bank of Nigeria introduced a foreign exchange "window" at end-April aimed at investors and exporters.

Traditional Investment Manager Global Peer Review
Rating drivers shared by the peer group include well-established and increasingly diversified franchises leading to scale and in some cases a degree of pricing power and adequate asset performance in a still challenging operating environment.