EM ASIA CREDIT: Greentown China (GRNCH, B1/NR/NR) outlook to Stable.
Apr-11 01:25
"*MOODY'S RATINGS REVISES OUTLOOK ON GREENTOWN TO STABLE" - BBG
- In summary, the rating agency upgrades the outlook from Negative to Stable because of Greentown's ability to show relatively stable financial performance in a market that remains weak. Moody's expects gross sales to fall by c. 5% over the next 12-18 months versus down 12% in 2024.
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MNI: CHINA PBOC CONDUCTS CNY175.4 BLN VIA 7-DAY REVERSE REPO WEDS
Mar-12 01:22
- CHINA PBOC CONDUCTS CNY175.4 BLN VIA 7-DAY REVERSE REPO WEDS
CNH: USD/CNY Fixing Dips But Remains Within Recent Ranges
Mar-12 01:18
The USD/CNY fix printed at 7.1696, versus a Bloomberg market consensus of 7.2269.
- The USD/CNY fixing error narrowed to -573pips, versus -898pips yesterday.
- The actual fixing remained within recent ranges. back on March 6th we had a 7.1692 outcome. At face value today's result is unlikely to encourage fresh yuan gains, at least based off this metric.
- USD/CNH is a touch firmer so far today, the pair back above 7.2300, off a little under 0.1% in CNH terms. Recent lows in the pair rest 7.2252.
CHINA SETS YUAN CENTRAL PARITY AT 7.1696 WEDS VS 7.1741
Mar-12 01:15
- CHINA SETS YUAN CENTRAL PARITY AT 7.1696 WEDS VS 7.1741
