Moody's Investors Service

Sustainability

Global issuance of sustainable bonds decline 26% q-o-q in 3Q2023, except in Asia-Pacific which grew by 1%

The decline in global issuance of sustainable bonds is not isolated, with global bond markets facing 22% drop q-o-q.
Singapore's $2.8 bil green bond among growing sovereign offerings hawking ESG - THE EDGE SINGAPORE

Environmental, Social and Governance

Singapore's $2.8 bil green bond among growing sovereign offerings hawking ESG

Sovereigns are trying to develop a vibrant onshore market while making sure that ESG is pervasive, says JP Morgan.

Zest

SVB collapse unlikely to cause systemic risk, say analysts

Analysts also largely agree SVB is unlikely to impact markets the way the Global Financial Crisis did in 2008.

Broker's Calls

OCBC Investment Research lowers Yanlord Land's TP to 97 cents; Moody's changes outlook to negative

Yanlord's FY2022 results "disappointed and missed" the OCBC team's expectations. The lack of a dividend also came as a "surprise".
Moody's assigns Baa1 foreign currency issuer rating to MPACT - THE EDGE SINGAPORE

REITs

Moody's assigns Baa1 foreign currency issuer rating to MPACT

MPACT’s rating could be upgraded if the trust balances its growth while improving its leverage.

Property

Singapore home affordability to get worse for first-time buyers: Moody's

While home values from the US to New Zealand are declining, Singapore’s private property prices jumped 13.2% y-o-y in the 3Q.

Climate change

IPCC's urgent call for climate action may increase credit risks: Moody's

“Existing fossil fuel assets, like infrastructure, unburnt reserves and new investments, are at high risk of becoming stranded.”
Moody's assigns Aaa to Changi Airport Group and its MTN notes for the first time - THE EDGE SINGAPORE

Aviation & Engineering

Moody's assigns Aaa to Changi Airport Group and its MTN notes for the first time

Moody’s has also assigned a baseline credit assessment (BCA) of a2 to the group.
Moody's changes outlook for Yanlord to 'stable' from 'negative' - THE EDGE SINGAPORE

Property

Moody's changes outlook for Yanlord to 'stable' from 'negative'

Moody’s says it believes Yanlord will see total contracted sales to grow to RMB80 billion to RMB85 billion in FY2021 and FY2022.
Singtel says it remains 'financially disciplined' in response to A1 and ‘stable’ ratings outlook from Moody's - THE EDGE SINGAPORE

Telecommunications

Singtel says it remains 'financially disciplined' in response to A1 and ‘stable’ ratings outlook from Moody's

The agency, however, does not expect “meaningful improvement” in Singtel’s underlying EBITDA over the next 12 to 18 months.
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