BANKING AND CREDIT NEWS-July 19, 2019--MVB Financial plans redemption of subordinated debt
M2 EQUITYBITES-July 19, 2019--MVB Financial plans redemption of subordinated debt
Global Banking News-July 19, 2019--MVB Financial plans redemption of subordinated debt
London: The provisional agreement on minimum levels of bail-inable subordinated debt
in the EU's Bank Recovery and Resolution Directive (BRRD) may leave senior creditors of medium-sized banks more exposed if those banks fail, Fitch Ratings says.
Moody's Investors Service has today assigned a provisional (P)B2(hyb) long-term foreign-currency subordinated debt
rating to Odea Bank A.S.'s (Odeabank -- long term foreign-currency deposit rating of Ba3 with a negative outlook, short term foreign-currency deposit rating of NP and BCA of ba3) planned US dollar-denominated contractual non-viability Tier 2 bond issuance.
At the same time, Moody's has affirmed the subordinated debt
ratings of three Turkish banks and for its own business reasons withdrawn the outlooks on these subordinated instrument.
Muscat -- Moody's Investors Service has downgraded the subordinated debt
ratings of bank muscat and 11 other banks in the GCC.
Fitch's ratings for GCC banks' subordinated debt
often factor in a high probability that sovereign support will be available for this debt class if and when required.
Banks in the GCC region are looking to issue subordinated debt
in the international markets, thanks to the sovereign support for these lenders which remains sufficiently strong, according to Fitch Ratings.
With the advent of Solvency II, European insurers will need to increase their regulatory capital to meet stricter solvency standards, a development that prompted the launch of a company--Insurance Regulatory Capital Ltd.--that specializes in providing those insurers with subordinated debt
as a capital-raising tool.
Fitch Ratings has revised "Tunisie Leasing", "Arab Tunisian Lease," "Compagnie Internationale de Leasing" and "Attijari Leasing's subordinated debt
issues' National Long-term ratings.