EM ASIA CREDIT: Hanwha Life Insurance (HLINSU, Baa1/A-/NR) upgraded
May-09 02:17
"*FITCH UPGRADES HANWHA LIFE'S IFS RATING TO 'A+'; OUTLOOK STABLE" - BBG
Korean life insurance company, Hanwha Life Insurance, has been upgraded by Fitch. The issuer default rating is now A from A-. In summary, the agency upgrade is on the back of Hanwha Life's strong capital position and stable earnings. Neutral for spreads.
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NZD: Very Limited Reaction To RBNZ
Apr-09 02:16
RBNZ cuts by 25bps as expected and says it has scope to lower the OCR if appropriate. NZD has a small pop on this, with some participants hoping for 50 or something a little more dovish.
- NZDUSD - pushing 0.5555 from 0.5535 area on the announcement. It had a look below the pivotal 0.5500 earlier in the session but once more the support holds.
- AUD/NZD - got up to a high around 1.0828 just before the RBNZ, but has subsequently given back those gains post the announcement, currently trading around 1.0795.
- NZD/JPY - printed a low around 79.82 earlier in the session, but has bounced back post the announcement closer to levels it opened around 80.90.
NZDUSD
Source: MNI - Market News/Bloomberg
RBNZ SEES WEAKER OUTLOOK DUE TO GLOBAL TRADE POLICY
Apr-09 02:09
- RBNZ SEES WEAKER OUTLOOK DUE TO GLOBAL TRADE POLICY
RBNZ SEES NO SIGNS OF DYSFUNCTION IN FINANCIAL MARKETS
Apr-09 02:07
- RBNZ SEES NO SIGNS OF DYSFUNCTION IN FINANCIAL MARKETS
