Moody's Investors Service

Global sustainable bond issuance down 20% y-o-y in 1H2024, but Moody’s confident of US$1 tril full-year target - THE EDGE SINGAPORE

Environmental, Social and Governance

Global sustainable bond issuance down 20% y-o-y in 1H2024, but Moody’s confident of US$1 tril full-year target

Issuance of green, social, sustainability, sustainability-linked and transition bonds fell 19% q-o-q after a spike in 1Q2024.
Global sustainable bond volumes bounce back in 1Q2024; Moody’s keeps US$950 bil full-year forecast - THE EDGE SINGAPORE

Environmental, Social and Governance

Global sustainable bond volumes bounced back in 1Q2024; Moody’s keeps US$950 bil full-year forecast

Sustainability-linked bond volumes fell for the second consecutive quarter, totaling just under US$10 billion in 1Q2024.
Transition finance to gain prominence in 2024 as SLBs face greater scrutiny: Moody's - THE EDGE SINGAPORE

Environmental, Social and Governance

Transition finance to gain prominence in 2024 as SLBs face greater scrutiny: Moody's

“A growing number of issuers use labelled bonds to finance their increasingly ambitious decarbonisation plans.”

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.

Banking & finance

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.”
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