HALISTER1: INSIDE G-10: USD/JPY Approaching 113; EUR/GBP Tests 2-Month Low

INSIDE G-10: USD/JPY Approaching 113; EUR/GBP Tests 2-Month Low

(Bloomberg) -- USD/JPY continues to find strong underlying demand in Thanksgiving conditions with a rate hike fully priced in for December FOMC. Euro investors are becoming defensive ahead of Italian referendum next month.
  • Brent crude futures steady at $48.97/bbl; 10-year Treasury futures down 5+ ticks to 125-06
  • USD/JPY +0.2% to 112.72 vs 112.38-112.89 range
  • Japanese banks seen bidding for dollars ahead of larger- than-usual Tokyo fixing after local holiday yesterday, trader says
  • Macro buying near 112.50 has helped spot form an intraday base
  • EUR/USD -0.1% to 1.0544 vs 1.0525-1.0556 range
  • Large EUR/USD momentum sell-stops seen below 1.0520, trader says
  • Notional EUR1.76b of 1.05 option strikes expiring today, plus other over-the-counter option flows: DTCC data
  • EUR/GBP challenging yesterday’s low at 0.8465, which was triggered by rising U.K. yields after Autumn Statement from Chancellor Hammond envisioned higher spending
  • Chart momentum studies are bearish, suggesting near-term extension toward September low at 0.8334; here
  • Hammond’s Brexit response sees U.K. borrowing surge
  • Click here to monitor statistically significant cross-asset market moves on developed markets
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Sterlite, Western Refrigeration Raised

INDIA RATINGS: Sterlite, Western Refrigeration Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Shree Geeta Textile Mills
    • Term loan cut to B from B+ at ICRA
    • Cites delay in project commencement, lower-than-expected capacity utilization
UPGRADES
  • Sarala Project Works
    • Long-term bank facilities raised to BBB+ from BBB at Care
    • Cites growth in total income, improvement in order book position
  • Shivalaya Construction
    • LT bank facilities raised to BBB+ from BBB at Care
    • Cites improved financial-risk profile
  • Sterlite Technologies
    • LT bank facilities raised to AA- from A+ at Crisil
    • Cites healthy and steady net cash accrual, reduced debt levels
  • Western Refrigeration
    • LT bank facilities raised to A- from BBB+ at ICRA
    • Cites healthy revenue growth
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SOTL IN (Sterlite Technologies Ltd)
6465 JP (Hoshizaki Corp)

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UUID: 7947283

HALISTER1: INSIDE KOREA: Won Falls, Bond Yields Rise for Third Day on UST

INSIDE KOREA: Won Falls, Bond Yields Rise for Third Day on UST

(Bloomberg) -- Won slips on broadly weaker Asia currencies as Treasury yields resumed their ascent overnight after FOMC minutes saw most Fed officials noting a stronger case for rate hike relatively soon.
  • Won falls 0.6% to 1,183.35 per dollar
  • USD/KRW -- Approaching November high, with momentum studies in overextended territory
    • Resistance: 1,188.50, June 27 high; 1,198.05, May 31 high; 1,217.15, March 9 high
    • Support: 1,172.35, 10-DMA; 1,156.64, 21-DMA; 1,130.69, 55-DMA
  • Global funds net bought $98.8m in local stocks yesterday: exchange data
  • Foreign net purchases of listed bonds rises $341.35 million to -$83.0 million
  • Yield on 1.875% govt bond due June 2026 up 4bps to 2.187%
  • Five-year credit-protection costs for Korea rose 1bp yesterday to close at 50.5bps, according to CMA New York data on credit-default swaps
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Swedbank to Mitigate Identified Deficiencies in Latvia

Swedbank to Mitigate Identified Deficiencies in Latvia

(Bloomberg) -- Swedbank says during spring of 2016 the Financial and Capital Market Commission in Latvia carried out an inspection related to the effectiveness of Swedbank’s internal control systems for the prevention of money laundering.
  • Findings include deficiencies in internal control systems, processes and documentation
  • Swedbank agreement with Latvian authorities includes fine of EU1.36m and a series of mitigating actions
  • Says Latvia is raising standards for money laundering control
  • Swedbank is currently implementing series of measures aimed at improving its internal control systems
Statement
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SWEDA SS (Swedbank AB)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Kisan Mouldings Cut; TDI International Raised

INDIA RATINGS: Kisan Mouldings Cut; TDI International Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Dolphin Offshore
    • Long-term bank facilities cut to B from BB+ at Crisil
    • Cites sharp deterioration in group’s liquidity
  • Kisan Mouldings
    • LT bank facilities cut to D from B at Crisil
    • Cites delays in servicing of interest obligations on term loans
  • Stovekraft
    • LT fund-based limits cut to BB- from BB at ICRA
    • Cites deterioration in financial profile due to losses
UPGRADES
  • Sidhivinayak Filaments
    • LT bank facilities raised to BB+ from BB at Crisil
    • Cites improved gearing, better debt protection metrics
  • TDI International
    • Term loans raised B- from D at ICRA
    • Cites regularization of past delay in debt servicing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
KSMD IN (Kisan Mouldings Ltd)
DOEI IN (Dolphin Offshore Enterprises India Ltd)
1033751D IN (Sidhivinayak Filaments Pvt Ltd)
0490943D IN (Stovekraft Pvt Ltd)
7174829Z IN (TDI International India Ltd)

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UUID: 7947283