The central bank uses the SLF and the medium-term lending facility as tools for managing short- and medium-term liquidity in the country's banking system.
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Then it seems to me you have another listening project, which would be medium-term, things like, "How's the 280 going?" that's a medium-term concern.
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" MEDIUM-TERM INFLATION "Over the medium term, underlying inflation is expected to increase, supported by our monetary policy measures, the ongoing economic expansion, and stronger wage growth.
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MEDIUM-TERM NOTE PROGRAMME AND SENIOR DEBT Fitch has upgraded the ratings on RCBC's medium-term note programme and RCBC's and SBC's senior notes to 'BB+' from 'BB'.
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The People's Bank of China uses the SLF and the medium-term lending facility as tools for managing short- and medium-term liquidity in the countrys banking system.
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The medium term lending facility is a supplementary monetary policy tool that the central bank sometimes uses to manage liquidity and medium term lending rates in the banking system.
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"The additional debt relief measures announced today will mitigate Greece medium-term financing risks and improve medium term debt prospects," the fund's managing director Christine Lagarde told a news conference.
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Aviva said on Wednesday it was targeting mid to single digit operating profit growth in the medium term, and the spokesman said handing cash back was a medium-term objective.
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Asked about the company's medium-term target for "moderate" margin expansion, Chief Executive Rakesh Kapoor said that having a medium-term target did not mean it was valid for every financial year.
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Asked about Reckitt's medium-term target for "moderate" margin growth, Chief Executive Rakesh Kapoor told reporters that having a medium-term target did not mean it was valid for every financial year.
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Recently, the PBOC has raised rates on days when it has rolled over a type of medium-term loan known as a medium-term lending facility (MLF) that it makes to banks.
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"The additional debt relief measures announced today will mitigate Greece medium-term financing risks and improve medium term debt prospects," the International Monetary Fund's managing director Christine Lagarde told a news conference.
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KEY ASSUMPTIONS Fitch's key assumptions within our rating case for the issuer include: - Negative revenue growth until 2018; - EBITDA margin to remain at 23%-24% in the short- to medium-term; - Capex of PEN1.7 billion-PEN1.8 billion; - Negative FCF continues over the medium term; - Adjusted net leverage to increase to above 1.5x over the medium term.
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However, Fitch views this as unlikely in the medium term.
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In the medium term, sentiment for sterling will remain soft.
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|
Baldock will update on his medium term plans in December.
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|
We expect FFO to remain negative in the medium term.
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RBI said it would stick to its medium term targets.
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Positive rating action is not expected in the medium term.
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The PBOC's decision to trim medium-term borrowing costs comes after it surprised markets by not issuing targeted medium-term loans in October, adding to uncertainty over how policymakers plan to stabilise the slowing economy.
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Fitch forecasts capex of around IDR211 billion over the medium term.
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The UK will do some different things over the medium term.
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However, Fitch deems such events as unlikely in the medium term.
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It could also lead to higher inflation in the medium term.
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In the medium term, he says the picture hasn't changed, however.
|
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Fitch expects Nossa to remain well- capitalised in the medium term.
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The republic projects 2.5%-3.5% economic growth over the medium term.
|
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An upgrade is not anticipated in the near- to medium-term.
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|
The region remains exposed to refinancing pressure over the medium-term.
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|
Metropolitan Life Global Funding I --Medium-term note program at 'AA-'.
|
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As such, Fitch has revised up its medium-term debt forecast.
|
|
AXA plans to present its new medium-term plan in June.
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All this fits into China's short- and medium-term development plans.
|
|
It is also well above three times Aspen's medium-term target.
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|
However, Fitch views that this as unlikely in the medium term.
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An upgrade is not probable in the short to medium term.
|
|
Fitch expects the declining ratio to continue in the medium term.
|
|
In our opinion portfolio restructuring is likely in the medium term.
|
|
Inflation is then forecast to remain stable in the medium term.
|
|
But in the medium term, risks are tilted to the downside.
|
|
Some may say this makes is best for medium-term savings.
|
|
DOES THAT PROVIDE MORE OPPORTUNITY FOR YOU IN THE MEDIUM TERM?
|
|
Alibaba should continue to maintain abundant liquidity in the medium term.
|
|
It plans to sell the remaining stake in the medium-term.
|
|
The medium-term growth potential is weak relative to rating peers.
|
|
An upgrade is not anticipated in the near to medium term.
|
|
This diversification reduces the risk of refinancing in the medium term.
|
|
Maybe in the medium term, there'll be some ways to adapt.
|
|
The country's medium-term budget policy has also made consumers conscious.
|
|
Similar or higher growth rates are expected in the medium term.
|
|
The bond was issued under Volvo's Euro medium term note program.
|
|
In the medium-term, the company will focus on geological exploration.
|
|
Euro zone finance ministers want Greece to keep the 3.5 percent surplus over the medium term after 2018, but there is no agreement of what medium-term means, with views ranging from three to 10 years.
|
|
"The U.S. needs a medium-term growth strategy that is less oriented towards stabilization policy, stimulus, and is more oriented to what kinds of things would improve the long term and medium term growth prospects," Bullard said.
|
|
Consolidation Benefits in Medium Term: The benefits from on-going consolidation in the OSAT industry may be realised only in the medium term in the form of higher capacity utilisation, better bargaining power and more stable ASPs.
|
|
SIH aims to increase its logistics business exposure in the medium term.
|
|
"This medium term is not a mechanical concept," the Estonian governor said.
|
|
Positive rating action is not probable in the short- to medium-term.
|
|
However, Fitch views this as unlikely to happen in the medium term.
|
|
We expect margins to remain at adequate levels over the medium term.
|
|
However, Fitch does not view this as likely in the medium term.
|
|
Lufthansa has said the disruption has started to hit medium-term bookings.
|
|
That may help contain selling on airline stocks in the medium-term.
|
|
Going faster is a significant advantage in the short and medium term.
|
|
We expect capitalisation and leverage to remain stable in the medium term.
|
|
Estimated capex in the medium term is around MXN800 million per year.
|
|
However, Fitch views that this would be unlikely in the medium term.
|
|
Don't, however, expect such an accommodation in the short- or medium-term.
|
|
The company has no plan to issue debt in the medium term.
|
|
A breakout above this level gives a medium term target near $58.
|
|
However, Fitch does not expect any such changes in the medium term.
|
|
Only Iran and potentially Iraq could raise output in the medium term.
|
|
The medium-term outlook for drug pricing, however, remains an open question.
|
|
These medium-term considerations make me relatively more patient before raising rates.
|
|
Docs: Issuer's Programme for the issuance of Guaranteed Euro Medium Term Notes.
|
|
This will help TV Azteca retain adequate liquidity over the medium term.
|
|
This supports Makro's medium-term plan to expand into other ASEAN countries.
|
|
However, this is unlikely to happen in the near to medium term.
|
|
Fitch expects it to grow towards EUR33 billion over the medium term.
|
|
However, we expect the margin contraction to slow in the medium term.
|
|
ART's medium-term notes are issued by Ascott REIT MTN Pte. Ltd.
|
|
In the medium-term, the company wants to achieve brain-machine interface.
|
|
That is being offset by our medium-term value, which is not.
|
|
Who will be in charge of Britain's government in the medium term?
|
|
Price inflation remains well below the ECB's 2 percent medium-term target.
|
|
In the medium term, Greece would get longer grace and payment periods.
|
|
CHINA CBANK WILL CONDUCT MEDIUM-TERM LENDING FACILITY LOAN OPERATIONS TODAY - TRADERS
|
|
That may limit the upside for the euro over the medium term.
|
|
Fitch expects the ratio to remain below 20% in the medium term.
|
|
However, the extent of possible medium-term negative market pressure remains uncertain.
|
|
And there is an ambitious program which is a medium-term program.
|
|
Medium-term: life goes on, we make do; we rediscover free time.
|
|
That was a tick above the RBI's medium-term target of 4%.
|
|
In the medium-term, the name-calling may not lead to much.
|
|
Fitch expects it to grow towards EUR33.5 billion over the medium term.
|
|
Fitch does not expect these risks to materialise in the medium-term.
|
|
Fitch expects financial leverage to continue to improve in the medium term.
|
|
Winters is aiming to get that to 3.335% in the medium term.
|
|
Positive: Fitch views positive rating action as unlikely in the medium term.
|
|
The issuance is under FAB's $15 billion euro medium-term note program.
|
|
How different would the world look in the short and medium term?
|
|
That could then allow for an off-ramp in the medium term.
|
|
KEY ASSUMPTIONS --Mid-single-digit annual revenue growth over the medium term; --Cable & Digital Media segment to grow to well over 25% of consolidated revenues over the medium term, compared to 16% in 2013, largely due to UNE consolidation; --EBITDA margin to remain stable at around 30%-173% range in 2016, reflecting the minority dividend payment; --Annual capex to remain at about USD1.3 billion over the medium term in line with the 2014 level; --No significant increase in shareholder distributions in the short- to medium-term with annual dividend payments remaining at USD2368 million.
|
|
The People's Bank of China (PBOC) extended 200 billion yuan via its one-year medium-term lending facility (MLF) loans and another 297.7 billion yuan through targeted medium-term lending facility (TMLF) loans, it said in a statement.
|
|
In 2015 the group raised a further EUR20150m (due 21399) under its euro medium term note programme and PLN244m (due 3530) under its Polish medium term note programme, contributing to year-end headroom under borrowing facilities of GBP2530m.
|
|
The PBOC lent 13 billion yuan ($72.31 billion), including 200 billion yuan through one-year medium-term lending facility (MLF) loans and another 297.7 billion yuan through targeted medium-term lending facility (TMLF) loans, it said in a statement.
|
|
A positive rating action is not likely in the short- to medium-term.
|
|
RATING SENSITIVITIES Fitch does not anticipate positive rating actions in the medium term.
|
|
But the impasse is set to bring consequences also in the medium-term.
|
|
Fitch expects SHC to maintain its strong financial strength in the medium-term.
|
|
But it remains higher than the RBI's medium term target of 4 percent.
|
|
Fitch forecasts that Diamond will not pay any dividends over the medium term.
|
|
Habben Jansen said a good medium-term level would be 2.5 to 3.
|
|
But it will in the medium-term keep depreciation pressure on the yuan.
|
|
Continental sees no economic rebound in the short or medium term, it said.
|
|
Fitch expects the region's debt metrics will remain strong over the medium term.
|
|
Iran's job market will face more headwinds, at least in the medium term.
|
|
Lacher said SIX would keep its stake at least for the medium term.
|
|
Readings of above 100 indicate trade growth in line with medium-term trends.
|
|
In the medium term e-commerce could reduce the power of big brands.
|
|
Market expectations of inflation in the medium term have fallen since late 2018.
|
|
The Central Bank said its headline profits will normalise over the medium term.
|
|
However, the agency views this as unlikely in the near to medium term.
|
|
And some car manufacturers offer specific, though often luxury-oriented, medium-term subscriptions.
|
|
Fitch does not expect any dividend payments in the short- to medium-term.
|
|
It set itself a target of around 13 percent for the medium term.
|
|
However, Fitch believes that this is unlikely to occur in the medium term.
|
|
However, Fitch views an upgrade as unlikely in the near- to medium-term.
|
|
All three producers are still committed to lifting output in the medium term.
|
|
In the medium term, the statistical overhaul will help to normalise the economy.
|
|
It'd all be pretty amusing if the medium term risks weren't so great.
|
|
The notes were issued under the bank's USD27229bn multicurrency medium-term note programme.
|
|
Hence, bandwidth tariffs will continue declining over the medium term despite increased demand.
|
|
The confusion was instead about where policy will head over the medium term.
|
|
CHINA C.BANK: ISSUED 200 BLN YUAN VIA MEDIUM-TERM LENDING FACILITY IN OCT
|
|
Medium-term prices will settle closer to $10 per mmBtu, the house forecast.
|
|
Political instability at home means long- or even medium-term thinking is impossible.
|
|
We expect HSBC Bank's standalone capital ratios to improve over the medium-term.
|
|
The PBOC raised its medium-term lending facility (MLF) loans in late January.
|
|
IT ALSO TELLS ME THAT EXPECTATIONS OF MEDIUM TERM GROWTH ARE VERY SLUGGISH.
|
|
The bank is also planning to raise additional capital in the medium term.
|
|
He added he expected banking revenue to stabilise in the medium-term horizon.
|
|
CHINA C.BANK: ISSUED 600 BLN YUAN VIA MEDIUM-TERM LENDING FACILITY IN DEC
|
|
It had lowered the rate on the medium-term liquidity tool in November.
|
|
The offering would be part of the company's global medium-term note program.
|
|
But these strategies will further increase costs in the short and medium term.
|
|
CHINA CBANK WILL CONDUCT MEDIUM-TERM LENDING FACILITY LOAN OPERATIONS ON MONDAY - TRADERS
|
|
The company is also expected to generate positive FCF across the medium term.
|
|
It expressed concerns about achieving the medium-term inflation target of 4 percent.
|
|
Recent increases in public and private sector wages risk medium-term price competiveness.
|
|
The company on Thursday confirmed its full year guidance and medium-term targets.
|
|
It missed principal and interest payments on medium-term notes due Nov. 28.
|
|
Fitch expects the impaired loan ratio to remain low over the medium term.
|
|
Hunter said there is secondary medium-term support at the 5,542-5,479 level.
|
|
The bank said it will reduce the ratio further in the medium term.
|
|
They expect 25bn to slip into high-yield indices in the medium term.
|
|
CMC Markets analyst David Madden called the target realistic in the medium term.
|
|
In the medium term, Hassabis imagines applications in medical diagnoses and climate modeling.
|
|
However, medium term risks are to the downside due to less synchronised global growth.
|
|
Changyu wants that to rise to 50 percent in the medium term, Jian said.
|
|
The company said it remained ambitious about its operating margin over the medium term.
|
|
ITALY'S INDUSTRY MINISTER SAYS PLAN TO REDUCE PUBLIC DEBT MUST HAVE MEDIUM-TERM HORIZON
|
|
Fitch expects cash flow from operations (CFO) to remain ample over the medium term.
|
|
Such additional cost may put pressure on DTAC's cash flows in the medium term.
|
|
The bank said it will likely raise its medium-term goals early next year.
|
|
The group said it was "firmly on track" to deliver our medium-term ambition.
|
|
The affirmation also reflects our expectation of stable rating factors over the medium term.
|
|
Fitch expects the region's self-financing capacity will remain strong over the medium term.
|
|
"I am confident we will deliver strong growth over the medium term," he added.
|
|
Expansion in leasing business should, in our view, benefit margins in the medium term.
|
|
Higher levels of each would probably push up short- and medium-term interest rates.
|
|
Finablr is targeting high single-digit group adjusted income growth in the medium term.
|
|
We expect that the city will maintain sound cash balances over the medium term.
|
|
The regulator, funded by industry in the medium term, will set clear safety standards.
|
|
On Thursday, Steiner reiterated Ocado's confidence in signing more deals in the medium term.
|
|
In the medium term, non-voice revenue growth will be driven by subscriber growth.
|
|
However, Fitch views this as unlikely to happen in the near to medium term.
|
|
Fitch has also affirmed Hilal Services Ltd's medium-term note (MTN) programme at 'AA'.
|
|
LIQUIDITY Abundant Liquidity: Fitch expects Alibaba to maintain abundant liquidity in the medium term.
|
|
Despite the rapid growth in lending, capitalisation will remain strong in the medium-term.
|
|
The Stable Outlook reflects Fitch's expectation of stabilising operating margins over the medium term.
|
|
The BIS identified four main risks to the global outlook in the medium-term.
|
|
Fitch believes the state support will remain steadfast in the near to medium term.
|
|
Fitch expects moderate growth with loans increasing by 21000%-212000% over the medium term.
|
|
Fitch expects this figure to remain stable at approximately 11% over the medium term.
|
|
S. market that is barely touched, the medium-term future looks to be rosy.
|
|
Further moderate diversification will be achieved in the medium term by issuing mortgage Pfandbriefe.
|
|
Eur 25.0 million over medium-term * Financing costs are expected to decline by approx.
|
|
It also said public-sector reforms must continue to secure strong medium-term growth.
|
|
Essonne's EUR1bn euro medium-term programme has also been affirmed at 'AA-' and 'F1+'.
|
|
We assume that the city will continue with this approach in the medium term.
|
|
The company has sourced medium-term funding from both local and foreign financial institutions.
|
|
However, Fitch views this as a remote prospect in the near to medium term.
|
|
"In the medium term, none of the U.S. steel mills look secure," Merrill said.
|
|
Then, an IPO within the next 12-4003 months is the "medium term" plan.
|
|
Analysts said the yuan was likely to face depreciation pressure in the medium term.
|
|
Further gas-sector development should support Israel's external balance sheet over the medium term.
|
|
The Treasury has said the shortfall is expected to continue in the medium term.
|
|
Competition at home and abroad will affect Uber's profit margins in the medium term.
|
|
He also wanted to lift profit margins to 7-8% over the medium term.
|
|
U.S. Treasury prices dipped, with short and medium term yields hitting 10-week highs.
|
|
In the medium term, increased barriers to trade and migration could push up prices.
|
|
That differs from intervention to support sterling against other currencies over the medium term.
|
|
Over the medium term, U.K. fiscal policy looks to be heading towards calm waters.
|
|
This is just shy of its medium-term target range of 4-6 percent.
|
|
I was expecting them to place more emphasis on the weaker medium-term outlook.
|
|
This would be to the detriment of banks' credit fundamentals over the medium term.
|
|
He said growth would move towards 28 percent in the medium term, without elaborating.
|
|
Emanuel said there was medium-term market volatility in past transitions of Fed chairs.
|
|
I was expecting them to place more emphasis on the weaker medium term outlook.
|
|
Wahhabism is likely to remain a pillar of the kingdom in the medium term.
|
|
Most basic research in psychology has no short — or even medium-term — applied implications.
|
|
The company on Friday reiterated its full-year 2019 guidance and medium-term targets.
|
|
The company on Friday reiterated its full-year 2019 guidance and medium-term targets.
|
|
We continue to view the medium-term prospects for substantial structural reform as weak.
|
|
However, Fitch does not think this is probable in the short to medium term.
|
|
The proposed notes are issued under its medium-term note (MTN) programme rated 'BBB+'.
|
|
JP MORGAN FORECASTS MEDIUM TERM ROE OF 16% FOR ITS CORPORATE AND INVESTMENT BANK
|
|
The 2021 forecast was unchanged at 6.0%, according to Ankara's annual medium-term program.
|
|
The announcement came days after the PBoC reduced the rate for medium-term loans.
|
|
If maintained, this could lead to a positive rating action over the medium term.
|
|
Morgan Stanley raised its medium-term ROE target to 10%-13% from 9%-11%.
|
|
Inflation expectations at short terms remain low, and medium-term expectations have remained constant.
|
|
Now the bank is targeting more than 10 percent ROE in the medium term.
|
|
Can you define for me what medium term is and could it happen sooner?
|
|
Despite the rapid growth in lending, capitalisation should remain 'excellent' in the medium-term.
|
|
The notes will be issued under the bank's USD3.5 billion medium-term note programme.
|
|
Banks' perpetual bonds with ratings at no lower than AA will be included as qualified collateral for a medium-term lending facility (MLF), a targeted medium-term lending facility (TMLF), a standing lending facility (SLF) and re-lending, according to the statement.
|
|
Over the medium term it should mean that laws work better and are better implemented.
|
|
"Those numbers do not bode well for the greenback in the medium-term," concluded McCormick.
|
|
However, Fitch believes this to be a remote prospect in the near to medium term.
|
|
Nevertheless, we expect the operating margin would structurally rise above 5% over the medium term.
|
|
Fitch forecasts Jababeka's overall real estate EBITDA margin at around 40% over the medium term.
|
|
We expect liquidity will remain satisfactory over the medium term, covering 1x debt servicing requirements.
|
|
"Aspen's medium-term target for the gearing ratio is less than 3.0 times," it said.
|
|
"We still see some uncertainties with respect to the medium-term inflation outlook," Draghi said.
|
|
In the medium term, China's government fears a unified, pro-Western Korea on its border.
|
|
The move does not alter the EU's medium-term goal of coaxing business to relocate.
|
|
Positive feedback processes can cause a lot of instability in the short and medium term.
|
|
In March, the PBOC raised short- and medium-term rates right after a Fed hike.
|
|
In the medium term, America will have to get to grips with its fiscal deficit.
|
|
"I urge the Italian authorities to be closer to the medium-term objectives," Moscovici said.
|
|
This also makes significant changes to the banks' business models unlikely in the medium term.
|
|
In the 'medium term' it wants to reduce its $9 billion debt to $5 billion.
|
|
Yields on some money funds are running above those of short- and medium-term Treasuries.
|
|
However, Fitch believes this to be a remote prospect in the near- to medium-term.
|
|
This shifted the debt structure favourably towards a higher proportion of medium-term debt instruments.
|
|
"The referendum results ... have rocked the markets, but in the medium term everything will recover."
|
|
TCS Chief Financial Officer V. Ramakrishnan told Reuters medium-term meant one to two years.
|
|
Fitch expects BAIC Group to face more competition and margin pressure in the medium-term.
|
|
Yet in the medium term his impact on his country's politics may be even bigger.
|
|
The central bank also used medium-term lending facilities to boost liquidity in the market.
|
|
Expecting the dollar to moderate in the medium term, he likes their local-currency bonds.
|
|
I don't have high expectations of sustained higher oil prices, certainly for the medium term.
|
|
The medium-term fiscal framework commits the authorities to further deficit reduction if revenues outperform.
|
|
A reduction of idle production outlets is also part of China's medium-term market reforms.
|
|
However, we do not view such scenarios as likely in the near to medium term.
|
|
Dividends are expected to remain stable at MXN1.1 billion in the short- to medium-term.
|
|
However, medium-term repayments are manageable (21000% of liabilities in 212000 and 4807123% in 212001).
|
|
But we are more optimistic about what the deal means for medium-term growth prospects.
|
|
However, this is unlikely in the short to medium term given the large ratings headroom.
|
|
However, the financial sector clean-up process could require additional resources over the medium term.
|
|
It also downgraded two of CEFC Shanghai International's medium-term notes from AAA to AA+.
|
|
Growth is seen rising to 5-6 percent in the medium term, the report says.
|
|
The notes are issued by AXA under a EUR15bn euro medium term note (EMTN) programme.
|
|
The BoJ's eventual exit from the extraordinarily accommodative monetary environment poses a medium-term risk.
|
|
We do not expect the decline in ARPU to be reversed over the medium term.
|
|
Uncertainty over Japanese monetary policy was also seen supporting the yen in the medium term.
|
|
However, measures of underlying inflation are expected to rise more gradually over the medium term.
|
|
The Bank of Uganda's monetary policy targets a medium-term core inflation rate of 5%.
|
|
Successful ESM programme implementation would put upward pressure on Greece's ratings over the medium term.
|
|
Bayer plans to sell its Covestro shares on the open market over the medium term.
|
|
The notes will be issued under the bank's SGD15bn euro medium-term note (EMTN) programme.
|
|
In addition, IDR200bn of Finnet's medium-term notes were fully subscribed by Telkom's pension fund.
|
|
This would imply further deviation from the medium-term objective of a 1.0% structural deficit.
|
|
Hence, bandwidth tariffs are likely to continue declining over the medium-term, despite increased demand.
|
|
"In the short to medium term, things can get a lot worse," Mr. Tilford said.
|
|
The group said it was reflecting on its medium-term strategic options for the branch.
|
|
You are potentially going to see some range-trading in the short to medium term.
|
|
Volkswagen stock fell 4.4% after cutting its medium-term outlook for operating profit and sales.
|
|
The U.S. central bank has a 2 percent target for inflation in the medium term.
|
|
Fitch expects FMBI's capital position to remain relatively stable over the near- to medium-term.
|
|
"Those numbers do not bode well for the greenback in the medium term," concluded McCormick.
|
|
"In the medium term, you will see our factories in all major markets," he said.
|
|
Fitch expects the EBITDA margin to remain stable at around 0003% in the medium term.
|
|
I think that governments actually have more impact over the medium term than they realize.
|
|
In turn, that may leave the peso more exposed in the short and medium term.
|
|
Leadership is now working on strategic plans to deliver sustainable medium-term growth, Rickenbacher said.
|
|
We expect average occupancy of TREIT's portfolio to remain above 90% over the medium term.
|
|
We expect Eurotorg to maintain EBITDA margins at around current levels over the medium term.
|
|
But in the medium term there will be more that can step into the role.
|
|
However, it said it expects transaction levels to improve in London in the medium term.
|
|
In Spain, yields are up but water shortages threaten whole regions in the medium term.
|
|
Markets are also looking forward to the government's medium-term budget in parliament on Oct.
|
|
The government forecasts growth of 6.1% this year, rising to 7% in the medium term.
|
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The loan prime rate is linked to interest rate on the medium-term lending facility.
|
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It was the first green bond issue done off Ontario's domestic medium-term note program.
|
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However, Fitch views this as unlikely in the medium term because of TPUK's business profile.
|
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As a result pressure from operating expenditure is likely to persist over the medium-term.
|
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With inflation falling, the chance of a rate hike in the medium term remains limited.
|
|
I'd be very nervous, in the medium-term, about what happens when liquidity is withdrawn.
|
|
Saudi Arabia is in a unique situation that requires strong prices for the medium term.
|
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Leadership is now working on strategic plans to deliver sustainable medium-term growth, Rickenbacher said.
|
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KEY ASSUMPTIONS Fitch's key assumptions within our rating case for the issuer include: - Low- to single-digit revenue growth on a pro forma basis in the short- to medium-term, mainly led by enterprise segment; - WiMax service to be discontinued from mid-2018; - Modest EBITDA margin improvement to 33% in 2017; - Capex to represent 0003%-23% of sales over the medium term; - Adjusted net leverage to gradually fall toward 4.0x over the medium term.
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KEY ASSUMPTIONS Fitch's key assumptions within the rating case for America Movil include --Low-to-mid single digits revenue growth over the medium term; --EBITDA margin to be around 27% over the medium term; --Annual capex to be around USD7.5 billion in 2016 and 2017; --Average pre-dividend FCF margin estimated to be about 5% over the medium term; --Net leverage to gradually recover to 2.0x by 2018 absent large shareholder distributions.
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"At the same time, the Russian economy will need to adjust to the challenge of persistently lower oil prices by reducing its dependence on oil and energy exports over the medium term," it added, calling for "fiscal adjustment anchored on a credible medium-term plan".
|
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TREIT also has much lower financial leverage, but the gap could narrow over the medium term.
|
|
The group reiterated its medium term guidance for revenue growth of 4 to 6 percent annually.
|
|
The IMF has said inflation is expected to stabilise around 2 percent over the medium term.
|
|
But the medium-term growth outlook remains significantly lower than the 5.6% growth of 2010-2014.
|
|
This should help banks sustain their market positions and profitability in at least the medium term.
|
|
Others said another critical factor would be Zodiac's revised medium-term forecasts, whose status remained uncertain.
|
|
The notes are issued under BII's USD6 billion medium-term note programme, which is rated 'A+'.
|
|
He emphasized flexible inflation targeting with a medium-term focus remained the RBA's monetary policy framework.
|
|
France is scheduled to sell between 5.5 billion and 6.5 billion euros of medium-term bonds.
|
|
I've said that it would clarify what the Fed can actually do over the medium term.
|
|
"It's a kind of medium-term story that should translate to a better ringgit," Afzanizam said.
|
|
In Fitch's view, the latter at GBKR is likely to be single-digit in medium term.
|
|
SO. ALL I CAN SAY IS THAT WE FEEL GOOD ABOUT OUR MEDIUM TERM TARGETS HERE.
|
|
Do they give us some meaningful increase in productivity and potential output in the medium term?
|
|
The ECB wants to see inflation below but close to 2 percent over the medium term.
|
|
AMS' medium-term growth scenarios were based on solid projects with the automotive industry, he said.
|
|
Unlike the SLF, however, a wider range of collateral is accepted under the medium-term version.
|
|
One measure favoured by central banks is the medium-term inflation-linked swap rate (see chart).
|
|
Growth is seen accelerating to between 6 and 6.5 percent over the medium term, he added.
|
|
However, Fitch views an upgrade of DEVK's ratings as unlikely in the near to medium term.
|
|
We expect the region's self-financing capacity on capex to remain sound over the medium term.
|
|
However, Brexit will lead to slightly slower European and global economic growth in the medium term.
|
|
Digicel's medium-term refinancing risk for its senior notes from FY21 remains a key credit concern.
|
|
An initial public offering is seen as a possibility in the medium term, the people said.
|
|
However, we do not expect political disruption to severely affect economic activity in the medium term.
|
|
This poses a risk in the medium term, due to the volatile nature of commodities' markets.
|
|
Banijay plans to increase scripted content to up to 20% of sales over the medium term.
|
|
The deal significantly improved medium-term debt sustainability but "longer prospects remain uncertain," the IMF said.
|
|
Based on the current financing commitment, SMI is likely to continue expanding over the medium term.
|
|
At the moment we do see threat to Libyan supplies in the short and medium term.
|
|
Its medium-term growth potential is still supported by Thailand's immature market for modern food retail.
|
|
However, Fitch views an upgrade of SI Re as unlikely in the near to medium term.
|
|
Fitch forecasts the region will stabilise its operating margin at 13%-15% over the medium-term.
|
|
The notes will be issued under the company's current USD2646bn global medium-term note (GMTN) programme.
|
|
Mobile termination and roaming cuts should be absorbed by the overall sector over the medium term.
|
|
"Delivering on its medium term targets is not fully reflected in shares yet," UBS analysts said.
|
|
Positive: Given the company's difficult market environment, positive rating actions are unlikely in the medium term.
|
|
The operation is expected to generate annual savings of 30 million euros in the medium term.
|
|
In the near-to-medium term, however, the impact on individual names is likely to differ.
|
|
UBS sees the euro heading higher against the U.S. dollar in the short-to-medium term.
|
|
The ECB wants to keep inflation below, but close to 2 percent over the medium term.
|
|
The recapitalisation plan for state banks should also reduce uncertainty and bolster the medium-term outlook.
|
|
Puma made the announcement as it issued new medium-term targets at a capital markets day.
|
|
The weak external position implies that further economic rebalancing may be needed over the medium term.
|
|
All of which makes 5G an incremental consumer upgrade proposition in the near to medium term.
|
|
The staff's medium-term projection for real GDP growth was essentially unrevised from the previous forecast.
|
|
The euro zone is considering longer grace periods and maturities for Greece in the medium term.
|
|
Republicans understand that this is the long game (or even the near- to medium-term game).
|
|
We do not think that prices below $65 per barrel are sustainable into the medium term.
|
|
So we need to address how to revive the Japanese real economy in the medium term.
|
|
The Fifth Circuit also effectively placed the lawsuit in suspended animation for the medium-term future.
|
|
In the medium term, rising gas production and the start of gas exports will support growth.
|
|
JOHANNESBURG, Oct 21 (Reuters) - South Africa's medium-term budget will be presented to lawmakers on Oct.
|
|
Boeing&aposs failure to secure orders left it in a weaker medium-term position than Airbus.
|
|
ERIC ALLISON: So, we think that that's pretty achievable in the medium-term, not at launch.
|
|
Capex levels should be around USD38 million per year during the medium term excluding potential acquisitions.
|
|
Further cost-cutting measures are envisaged over the medium term to adjust spending to falling revenue.
|
|
The pressure to gain scale and improve efficiency is likely to increase over the medium term.
|
|
The agency has also affirmed MIT's SGD21750 million outstanding senior unsecured medium-term notes at 'BBB+'.
|
|
However, Fitch views an upgrade of SI Re as unlikely in the near- to medium-term.
|
|
"We keep working with banks to address our short and medium-term refinancing needs," said Susini.
|
|
The government aims to stabilize and reduce corporate debt levels in the near- and medium-term.
|
|
How can an intervention have no significant medium-term effects but be life-changing decades later?
|
|
KEY ASSUMPTIONS Fitch's key assumptions within our rating case for the issuer include: --Low- to mid-single-digit annual revenue growth with stable EBITDA margins of 36%-37% over the medium term; --The proportion of Sky and Cable Operating Segment Income (OSI) out of the consolidated OSI to increase to above 60% in the short- to medium-term; --Capital intensity, measured by capex/sales to fall to 20%-21% over the medium term; --Average FCF margin of 4% in 0003 and 2018; no additional sizable acquisitions in the short- to medium-term; --Annual dividends limited at around MXN1 billion; --Net leverage to improve to below 2.0x by 2018.
|
|
The majority of the additional efficiency improvements relate to lower operating costs, and progress made so far have increased its confidence in its ability to meet its medium-term financial targets, the bank said, adding that the changes should contribute to improved profitability in the medium term.
|
|
LIQUIDITY Strong Liquidity: Cellnex generates strong FCF and has no significant debt maturities over the medium term.
|
|
Fitch believes continued tight competition with larger peers may cap further profitability upside in the medium term.
|
|
The opposition is weak, and Fitch assumes that Lukashenko will remain in power over the medium term.
|
|
This is one of Zurich-based Baer's three medium-term targets, all of which the bank reaffirmed.
|
|
That is one of Zurich-based Baer's three medium-term targets, all of which the bank reaffirmed.
|
|
The ratings incorporate the company's medium-term ability to internally fund its maintenance capex and dividend payouts.
|
|
Fitch expects the EBITDA margin to remain stable at 0003%-8% in the short to medium term.
|
|
Syngenta also said it may use its $7.5 billion Euro Medium Term Note programme for further issuances.
|
|
"We see three or four countries with significant upside growth potential in the medium-term," he said.
|
|
Fitch expects the FFO margin to remain between 9% and 10% in the short- to medium-term.
|
|
Fitch sees some short- to medium-term demand risk due to regulatory developments and a competitive landscape.
|
|
This will reduce pressure on Abans to inject more capital into the subsidiary in the medium term.
|
|
During its first year, the platform has managed $22.5 million (€20 million) in medium-term business loans.
|
|
A successful take-over will have positive implications for BPI's ratings in the short to medium term.
|
|
On copper, the company said it expects the market to remain well-balanced in the medium term.
|
|
Yasset Chahboun will move from the medium-term notes syndicate desk to work with Wright on FIG.
|
|
RATING SENSITIVITIES IDRS and NATIONAL RATINGS Rating upside potential is limited in the short- to medium-term.
|
|
VEB currently anticipates that it will remain the main shareholder of both banks over the medium-term.
|
|
"It is not easy to find a good business model in the short, medium term," she said.
|
|
The injection was made through the People's Bank of China's (PBOC) medium-term lending facility (MLF) loans.
|
|
Most agreed that tightness in the labor market would likely fuel higher inflation in the medium term.
|
|
Still, the bank recently told investors that overheads will fall relative to revenue in the medium term.
|
|
TCH's EBITDA contraction is forecast to continue in the short to medium term due to competitive pressures.
|
|
Fitch expects any EBITDA recovery would be challenging over the medium term under the current market trend.
|
|
We believe some of these supportive factors will run their course in the near to medium term.
|
|
We expect FFO adjusted net leverage of 2.1x-2.6x in the medium term (2.1x at end-2016).
|
|
But then you might (be) creating more financial vulnerability over the medium term that you're not addressing.
|
|
Fitch expects direct risk will remain below 65% of current revenue over the medium-term (2016: 64%).
|
|
AIB's tier one capital ratio was steady at 17.3%, well above its medium term target of 13%.
|
|
The new prediction is up from a 65 percent medium-term scenario that JPMorgan offered last year.
|
|
This supports Makro's medium-term plan to expand in members of the Association of Southeast Asian Nations.
|
|
It said it was targeting solid single digit increases in underlying operating profit in the medium term.
|
|
By contrast, the recovery and the medium-term growth potential have remained weak in Italy and Portugal.
|
|
"Three to five million customers is something we are looking for over the medium term," he said.
|
|
Under such a scenario, deleveraging and rebalancing would be postponed at the expense of medium-term stability.
|
|
" But, Goldman Sachs analysts added, the market's return trajectory will likely "stay challenging in the medium term.
|
|
"It won't stay that way, but we see reasonably good growth through the medium term," he said.
|
|
Remy said last month that its medium-term goal was to gradually drive current operating margin upwards.
|
|
The ECB wants to keep headline inflation below but close to 2 percent over the medium term.
|
|
"We expect our current account deficit to remain around 5 percent in the medium term," Njoroge said.
|
|
"Our downgrade reflects our concern that medium term earnings could be less than expected," Deutsche Bank said.
|
|
Fiat's Rattazzi was confident that the old ways would survive in South America in the medium term.
|
|
Other than dry bulk, Drewry is also bearish on the container shipping sector in the medium-term.
|
|
The notes will be issued through OCBC's Sydney Branch under OCBC's USD213bn global medium-term note programme.
|
|
"Continued fiscal consolidation will be needed to reduce financing needs over the medium term," the Fund added.
|
|
Its medium-term strategy for meaningful deficit reduction could become clearer after late 2017 midterm congressional elections.
|
|
Either way, Fitch believes provision expenses will be a growing headwind to earnings over the medium term.
|
|
Fitch believes relative ratios will remain sound in the medium term, with management avoiding revenue/spending mismatches.
|
|
However, real GDP remains 7503% smaller than it was in 2007 and medium-term growth challenges persist.
|
|
The ECB wants to keep inflation at below, but close to 2 percent over the medium term.
|
|
Fitch's baseline scenario forecasts the region's direct risk will stabilise at below 40% in the medium-term.
|
|
Positive rating action is unlikely in the medium-term unless management pursues a more conservative financial policy.
|
|
In the medium term, Fitch expects government debt to continue to decline and reach 26.7% by 2026.
|
|
The net cash position is a trend which Fitch expects will be sustained in the medium term.
|
|
It also said current inflation levels continue to pose an upside risk to the medium-term inflation.
|
|
Zambia wanted to refinance portions of the Chinese debt with a medium-term maturity profile, she said.
|
|
Ultimately, there are medium-term concerns that changes in politics will actually prove negative for the euro.
|
|
This issuance is made under the umbrella of the up to USD26610 billion Medium-Term Notes Program.
|
|
"Net impact may be negative initially, even as medium term impact will be undoubtedly positive," he said.
|
|
Fitch believes that this is part of a broader trend that will continue over the medium term.
|
|
Fitch does not expect the direct risk payback ratio to exceed seven years over the medium term.
|
|
Vanguard Group, the giant asset manager, has also predicted medium-term returns of 4 to 6 percent.
|
|
Investors are also looking ahead to Albayrak's medium-term economic progamme, due to be announced on Thursday.
|
|
Short- and medium-term goals are difficult to meet even with today's new airplanes and carbon offsets.
|
|
Hermes added it was keeping an "ambitious" medium-term goal for revenue growth at constant exchange rates.
|
|
It said the extension of the loan deadline did not provide evidence of medium-term funding stabilisation.
|
|
However, under current policies, that rate is expected to plateau below 4 percent over the medium term.
|
|
He said the facts were clear that Italy was substantially deviating from the medium-term budgetary objectives.
|
|
We expect it to remain below the authorities' self-imposed threshold of 3% over the medium term.
|
|
In the medium term, further pressures could arise from strong projected growth and expansion into new segments.
|
|
Hence, we are very optimistic to exceed our original growth and earnings target in the medium term.
|
|
The government is using available fiscal space to boost infrastructure spending to support medium-term growth prospects.
|
|
These initiatives partially mitigate what Fitch expects to be a challenging operating environment over the medium term.
|
|
But economy-wide prices are lukewarm with inflation consistently undershooting the RBA's 2%-3% medium-term target.
|
|
The one-year loan prime rate remains at 4.05%; the medium-term lending facility rate at 3.15%.
|
|
In the medium term, the international community can transition their support from security-based to economic-based.
|
|
But some analysts still forecast the yuan to trade stronger versus the dollar in the medium-term.
|
|
Economic activity has gained momentum but Fitch continues to view Italy's medium-term growth prospects as weak.
|
|
"Downside risks over the short and medium term have increased," the finance leaders said in a statement.
|
|
The ministry forecasts growth of 6.1% this year, rising to 7% per annum in the medium term.
|
|
It also received some clarity about eventual measures to ease its debt burden in the medium term.
|
|
The ECB wants to keep headline inflation below, but close to, 2 percent over the medium term.
|
|
"But if that breaks, that for us is very significant on a medium-term basis," Sneddon warned.
|
|
Fitch expects the FFO margin to remain between 0003% and 10% in the short- to medium-term.
|
|
Huge amounts of medium-term loans coming due in the second quarter could change the bank's calculus.
|
|
"If you look at the medium-term picture there is growing concern about twin deficits," he added.
|
|
Unedic's EUR37 billion euro medium-term note (EMTN) programme has also been affirmed at 'AA' and 'F1+'.
|
|
Fitch forecasts the company's pre-dividend FCF margin to remain at around 5% over the medium term.
|
|
But this will be a temporary measure and overall direction in the medium term is still downward.
|
|
MutRe's financial leverage ratio is negligible and not expected by Fitch to increase in the medium term.
|
|
It increased rates on its one-year medium-term lending facility (MLF) also by 211 basis points.
|
|
AIB set out new medium-term targets on Friday, which it said would sustainably generate shareholder value.
|
|
That being said, to the extent that there are fiscal changes that could make the system more efficient, fairer, simpler, and promote growth in the medium term, I think the Fed could manage the demand-side effects if in fact there were also some medium-term supply-side benefits.
|
|
We also forecast a near balanced budget in the medium term, in line with the government's stated objective.
|
|
On 10 February 2017, Fitch assigned REC's USD1 billion medium-term note (MTN) a final rating of 'BBB-'.
|
|
And the freed up funds will be used to repay some maturing medium-term lending facility (MLF) loans.
|
|
Discussions on the regional financial system are ongoing in Spain, and changes are likely over the medium term.
|
|
Discussion on the regional financial system is ongoing in Spain, and changes are likely over the medium term.
|
|
HSBC falls significantly short against its reported, medium-term ROE target of above 10% (2016: 0.8%, 0003: 7.2%).
|
|
Increased global internet traffic, bandwidth requirements, outsourcing and cloud computing should drive cash flow in the medium term.
|
|
"The outlook is relatively upbeat in the medium-term for the Australian economy," Sebastian told CNBC's Squawk Box.
|
|
The International Monetary Fund sees Israeli growth steady at around 3 percent a year for the medium term.
|
|
The notes will be issued through OCBC's Sydney Branch under the bank's USD10bn global medium-term note programme.
|
|
In the medium term, consolidation may reduce the frequency and depth of overcapacity driven cyclicality in the sector.
|
|
We expect the ratio to gradually improve in the medium term as earnings rise relative to interest costs.
|
|
Bernstein analysts also kept an "underperform" recommendation, saying they were still worried about BASF's medium-term growth prospects.
|
|
Fitch expects profitability to improve further over the medium term, which should be helped by new business growth.
|
|
The central bank aims to keep inflation withing a 2 to 3 percent band over the medium term.
|
|
"If the economy begins to recover in the fourth quarter, A shares will climb in the medium term."
|
|
We expect the republic's direct risk to edge higher to 85% of current revenue over the medium term.
|
|
Furthermore, wage growth - which some BoE policymakers see as the key driver of medium-term inflation - remains weak.
|
|
Another tool the Chinese central bank uses to adjust monetary policy is the medium-term lending facility rate.
|
|
With the expected lower current balance, the ratio may deteriorate to around eight years in the medium term.
|
|
Current customer renewals will be vital to maintaining growth and profit margins in the near- to medium-term.
|
|
"In the medium-term, we are very confident we will see a higher price level," he told CNBC.
|
|
The dollar will strengthen in the medium term, partly because of the safe-haven status it still has.
|
|
Sustained Profitability Fitch expects LFF's EBITDA margin to be sustainable at 8.2% in the medium term (FY15: 20153%).
|
|
We expect that VB-Verbund's revenue generation and cost efficiency will further improve sustainably in the medium term.
|
|
SO PROBABLY A PROBABLY A LITTLE LESS WORRIES ABOUT DOWNSIDE RISK TO THE ECONOMY OVER THE MEDIUM TERM.
|
|
This will result in growing provisions for impairments in the medium-term, adding pressure to the company's profitability.
|
|
Inflation, while easing, has been above the Bank's medium-term target of 21.39 pct target for 21.50 months.
|
|
Fitch forecasts moderate growth of direct risk to about RUB15.5 billion over the medium term (2016: RUB14.2 billion).
|
|
Fitch forecasts TCH's adjusted net leverage to remain in the range of 1.0x-1.5x over the medium term.
|
|
We believe that meaningful improvement in these banks' credit profiles will only be achieved in the medium term.
|
|
The region's operating balance will likely represent 6%-8% of operating revenue over the medium-term (2016: 5%).
|
|
This issuance is made under the umbrella of the Medium-Term Notes Program of up to USD13 billion.
|
|
European Telecoms' Positive FCF: We expect CKHH's European telecoms operations to remain FCF-positive in the medium term.
|
|
Instead, he believes in the short- to medium-term there will more likely be an increase in enforcement.
|
|
The real lesson they should have taken is, if you take a medium-term perspective, reforms pay off.
|
|
The busy summer holiday season will be key to judging the medium-term impact of the latest attacks.
|
|
Fitch forecasts a modest leverage reduction over the medium term towards 103x as the company's EBITDA gradually improves.
|
|
RCBC's medium-term note programme, as well as RCBC's and SBC's senior notes, have been upgraded in tandem.
|
|
But there was much more uncertainty about the medium term as well as fears of sharply rising costs.
|
|
Some of the revenue measures announced in the 5003 budget are part of this medium-term fiscal strategy.
|
|
The French bank, which is seeking to reassure the market before its medium-term strategy presentation on Nov.
|
|
The medium-term impact on GDP should be modestly positive, with downside risk to labour participation and unemployment.
|
|
Turkey will release its inflation report, which is largely based on the medium-term program, on Oct. 27.
|
|
We also expect Lippo's leverage to remain high over the medium term as it executes its expansion plans.
|
|
Under its medium-term economic program, the government is forecasting annual economic growth of 5.5 percent through 9.33.
|
|
Coeure said measures of underlying inflation remained generally muted but it was seen increasing over the medium term.
|
|
Remy said last month that its medium-term goal was to gradually drive the current operating margin upwards.
|
|
The ECB has a target of inflation being below, but close to, 2 percent over the medium term.
|
|
The new figures will be incorporated into the regular revision of medium-term fiscal goals set for June.
|
|
ING analysts predicted more sterling upside in the medium-term, having revised their end-2018 forecast to $1.45.
|
|
Mogajane said the expects Moody's to release its ratings review after next week's medium term budget policy statement.
|
|
The bank issued $4.98 billion worth of short- and medium-term "Lebac" bonds in Tuesday's weekly debt auction.
|
|
It also downgraded two of CEFC Shanghai International's medium-term notes from AAA to AA+, still investment grade.
|
|
Fitch affirmed the following rating: Allstate Life Global Funding Trusts Program --$24947 million medium-term note due Nov.
|
|
However, the group plans to reduce leverage in the medium term, which Fitch views positively for the ratings.
|
|
Greece's medium-term fiscal targets and how long it can sustain them will also be on the agenda.
|
|
The agency has simultaneously assigned Eurohold's EUR200 million euro medium term note (EMTN) programme ratings of 'B'/'RR4'.
|
|
Fitch has also affirmed FS's EUR4.5bn Euro medium-term note (EMTN) programme and related bond issues at 'BBB+'.
|
|
CDPQ also set a medium-term target to reduce its carbon footprint by 25 percent per dollar invested.
|
|
Small Scale, High Development Risk: Greenwood's rating reflects its small development scale over the short- to medium-term.
|
|
New product launches, combined with Sensus's restructuring efforts, should benefit operating results over the medium term, Moody's added.
|
|
The company said in its medium-term plan announced last week it is considering a stock compensation plan.
|
|
Small Scale, High Development Risk: Greenwood's rating reflects its small development scale over the short to medium term.
|
|
This issuance is made under the umbrella of the medium-term notes program of up to USD5.5 billion.
|
|
However, Sejko said their stalling effect would be gradually reduced over the medium term in the Balkan country.
|
|
The proposed notes will be issued under BII's USD6 billion medium-term note programme, which is rated 'A+'.
|
|
"This is a medium-term programme so we don't expect any immediate impact on the market," said one.
|
|
In the medium-term, regulatory changes announced since the start of 2016 should help the sector gradually recover.
|
|
Hence, there is a reasonable chance that the medium term target of 2.1 percent stays as it is.
|
|
As a result, Zuanic wrote that he's "somewhat concerned" when it comes to Boston Beer's medium-term outlook.
|
|
There is still no long-term -- or medium-term -- fix for the family separation crisis at the border.
|
|
Lebovitz thinks cyclical stocks will outperform over the short to medium term, despite the risk he sees ahead.
|
|
This could be delayed under Powell, which would not be healthy in the medium term for the economy.
|
|
" Essaye added: "This pullback/consolidation probably isn't over yet—although medium term, fundamentals for the markets remain supportive.
|
|
Some 3,200 new jobs could be created in a combined parcels business over the medium term, bpost said.
|
|
Selective restructuring measures are being developed in order to boost profitability in the medium term, the company said.
|
|
For Asia, however, jitters as a result of political concerns could prove to fade in the medium term.
|
|
Furthermore, Vingroup's ratings are limited by its aggressive expansion into retail and other businesses over the medium term.
|
|
Overall, Onuekwusi says that he is not all that positive on UK equities on a medium-term perspective.
|
|
KEY ASSUMPTIONS Fitch assumes that the state will continue providing support to Spanish regions over the medium term.
|
|
China will therefore continue to have a strong bearing on Taiwan banks' risk profile over the medium term.
|
|
The People's Bank of China (PBOC) also cut the rates on its medium term lending facility for banks.
|
|
Despite recent volatility and weakness, Fitch expects the company will remain profitable in the near- to medium-term.
|
|
And I would believe this will hold back a lot of the 53G ambitions for the medium term.
|
|
This would possibly reduce inflows to Poland, the current largest recipient of EU funds, over the medium term.
|
|
The country's weak external position implies that further economic rebalancing may be in prospect over the medium term.
|
|
"In the medium-term, the most promising strategy might be a shift from road to rail," Vaishnav says.
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RON: No need to do anything with it as long as it's for short- or medium-term use.
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"Modestly slower growth will be a necessary sacrifice for maintaining social stability over the medium term," it said.
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"We're going to need to be thinking about the immediate term, the medium term, and the longer run."
|
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Banks from the ECB's Eurosystem are charging 4.97% for medium-term consumer loans and 1.42% for house purchases.
|
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Ms. Merkel did not rule out E.U. treaty changes if that proved necessary to push medium-term overhauls.
|
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The carmaker raised its medium-term profitability outlook on Tuesday after posting record sales and earnings for 53.
|
|
Berat Albayrak, the country's finance minister, has said he will deliver a medium-term economic plan next week.
|
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Instead of reducing their balance sheet, they may try to coax rates up in medium-term notes further.
|
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JP MORGAN CHASE SETS MEDIUM-TERM RETURN ON TANGIBLE COMMON EQUITY FORECAST AT 17%, UNCHANGED FROM PREVIOUS FORECAST
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In the medium term, the revised Ogden discount rate represents a permanent, higher claims cost to motor insurers.
|
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Cocobod will also seek a medium-term loan to fund infrastructure projects, said chief executive Joseph Boahen Aidoo.
|
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It uses the PSL programme to better target medium-term lending rates while boosting liquidity to specific sectors.
|
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Sanctions targeted towards Russia are also unlikely to have much of a short-term or medium-term impact.
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Greece will have to pay a risk premium of several hundreds of basis points for medium term funding.
|
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Fitch expects the region's direct risk will stabilise at around 45% of current revenue over the medium-term.
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"The ECB should clarify that it aims to deliver inflation of 2% over the medium term," Coeure said.
|
|
Indra told her team exactly what they would do in the short-term, medium-term and long-term.
|
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The medium-term inflation target is 3 percent, with a one percentage point tolerance range on either side.
|
|
Beyond near-term corrections, medium-term prospects seem to indicate U.S. dollar weakening for the next few years.
|
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The Stable Outlook reflects Fitch's expectation of a continued benign operating environment in the short- to medium-term.
|
|
It was simply cold-hearted medium-term economic planning — it would be cheaper to do it in Mexico.
|
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Secondly, policymakers felt it was too early to make a judgment on the medium-term impact from the vote.
|
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"There is no fiscal room to manoeuvre in Germany in light of the medium-term challenges," the spokesman said.
|
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We expect this strategy to support growth and provide a leading edge over the competition in the medium term.
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|
The economy is seen growing by 1-2 percent a year in the medium term, the World Bank said.
|
|
Fitch assigns the following rating: Banco Macro S.A. --Long Term Rating on Subordinated Medium Term Notes 'B-(EXP)'/'RR6'.
|
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Fitch acknowledges that the funding system for Spanish regional governments is likely to be reviewed over the medium term.
|
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"I suggest just freezing your assets short to medium term," wrote Reddit user someoneinmyhead in the previously-mentioned thread.
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Its confidence in getting multiple agreements in the medium term "remains undiminished" Chief Financial Officer Duncan Tatton-Brown said.
|
|
Since November 2016, consumer price inflation has generally remained below a medium-term target of 4 percent, Patel said.
|
|
In 2013, it had forecast medium-term margins in the high teens, though this covered a slightly shorter period.
|
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The notes were issued under SCB's USD13 billion medium-term note programme out of the bank's Cayman Islands branch.
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Weidmann added that the ECB should continue to aim to control inflation over the medium term to retain flexibility.
|
|
A bigger driver for sterling over the medium term will be the progress of the Brexit negotiations, investors say.
|
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The board also approved plans for a $2 billion medium term notes programme, it said in a separate statement.
|
|
Strategists at UniCredit expect emerging market currencies to do well over the medium-term but say they are cautious.
|
|
MEDIUM Fitch expects the city will maintain its operating margin at around 6% (2016: 5.5%) in the medium term.
|
|
The European Central Bank wants to keep consumer inflation below, but close to 2 percent over the medium term.
|
|
The company says the annual dividend payout is unlikely to exceed 15% of net income in the medium term.
|
|
We do not expect significant capex or investment outflows in the medium term, which should also help in deleveraging.
|
|
Discussion on the regional financial system is ongoing in Spain, and changes are in prospect over the medium term.
|
|
The European Central Bank wants to keep consumer prices below, but close to 2 percent over the medium term.
|
|
Medium-term prospects are supported by the development of industrial output and the modest recovery in traditional export markets.
|
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"Therefore, expat rental property sales prices are also expected to increase in the short to medium term," Cashell said.
|
|
We expect operating expenditure to continue rising in the medium term by 2.5%-3%, compared with 0003% in 2016.
|
|
Discussions on the regional financial system are ongoing in Spain, and changes are in prospect over the medium term.
|
|
Despite this short-term behavior, the long-term outlook for oil is bullish with medium term targets at $58.
|
|
Debt structure is sound, with a smooth repayment profile, medium-term maturity and low exposure to interest rate risk.
|
|
The medium-term borrowing plan, which covers 2016-2019, will now be sent to parliament for approval, Reuters reported.
|
|
It reiterated on Thursday that its 13-2020 financial year would be in line with its medium-term objectives.
|
|
If I'm right about that, what do you think is going to happen in the short to medium term?
|
|
The SNB also lowered its medium-term forecast for Swiss inflation, indicating a less pressing need to hike rates.
|
|
Fitch expects HK Land's investment-property EBITDA interest coverage ratio to stay at around 6x for the medium term.
|
|
Direct Line, however, called its third-quarter performance "robust", and stuck to its 2018 and medium-term financial targets.
|
|
Market players were split on whether the central bank would raise rates on its medium-term lending facility (MLF).
|
|
The insurer expects to grow its gross operational result by 5 to 7 percent annually in the medium term.
|
|
That's why we are trying to keep this toughness of our policy to achieve our target for medium term.
|
|
On its own—at least in the short-to-medium term—cannabidiol (CBD) is thought to be largely safe.
|
|
The IMF programme will also promote sustainable fiscal policies, which could support Mongolia's credit profile over the medium term.
|
|
The Stable Outlook reflects Fitch expectations that the city will maintain its sound operating results in the medium term.
|
|
Fitch expects capex to average around PLN35 million annually over the medium term or around 12% of total expenditure.
|
|
We estimate that about half of all bank loans are medium-term with maturities of three to four years.
|
|
"Large scale displacement of drivers is not likely too happen, especially in the short and medium term," Clarke said.
|
|
The ECB wants to keep inflation below, but close to 2 percent year-on-year over the medium term.
|
|
It warned, however, that continuous low interest rates in the medium term could reduce banks' profits in the future.
|
|
It reiterated on Thursday that its 2019-2020 financial year would be in line with its medium-term objectives.
|
|
Fitch projects the republic's budgetary performance will remain strong with a 212001%-18% operating margin over the medium term.
|
|
Fitch expects Sakha to maintain low debt at below 0003% of current revenue in the medium term (2016: 20%).
|
|
Thus, Fitch believes WMG will play an even bigger role in the municipality's sustainable development in the medium term.
|
|
In the near- to medium term, Ma'aden will remain the prime beneficiary of the mining industry push, he added.
|
|
RATING SENSITIVITIES Fitch expects no positive rating action as the company's leverage will remain high in the medium term.
|
|
We expect TML will continue to grow its India business and capture more market share over the medium-term.
|
|
Fare revenue now accounts for over half of TfL's total revenues and will continue rising over the medium term.
|
|
The transaction has addressed Voyage's short-dated capital structure and improved the company's liquidity profile over the medium term.
|
|
The wide range of possible outcomes also implies uncertainty around the UK's medium-term growth rate and public finances.
|
|
Rewind to London LME Week last October and everyone was short-term bullish but medium-term wary on China.
|
|
In the medium term, you would expect new businesses to be more efficient than the old ones they replace.
|
|
The trust has the right of first refusal to purchase TAL's properties, which supports its medium-term portfolio expansion.
|
|
Positive rating action is not expected over medium term due to Greenwood's small development scale and high development risks.
|
|
Moreover, in Fitch's view, the issue further underlines AXA's financial flexibility, by alleviating refinancing pressure in the medium term.
|
|
The PBOC is yet to conduct its targeted medium-term lending facility operations towards the end of this month.
|
|
"We are confident in delivering strong headline EBITDA growth both next year and over the medium term," she said.
|
|
We expect direct risk to grow over the medium term towards EUR1.1 billion, or 7.1 years of current balance.
|
|
Officials say almost $23 billion is needed for short-term reconstruction and over $65 billion in the medium term.
|
|
This would help underpin a sustainable positive current balance over the medium term after volatile performance in 2014-2016.
|
|
In the medium term, a ban on state guarantees for developing new foreign oil fields might also be considered.
|
|
It also lowered its medium-term loan book growth outlook for branch-based lending to 10%-15% from 20%.
|
|
Fitch expects Marseille to continue to reduce its debt in the medium term, but at a slightly slower pace.
|
|
The company intends to de-lever, with net debt/EBITDA falling from 0003x to 1.5x in the medium-term.
|
|
The bank's medium term strategy, which will be refreshed early next year, had targeted maintaining a NIM above 2.40%.
|
|
"The directors believe that the resort will return to profitability in the short to medium term," Eric Trump said.
|
|
The Stable Outlook reflects our view that the links to the region will remain unchanged in the medium term.
|
|
Gold futures were lower on Tuesday; should the dollar rally further, gold will likely continue its medium-term weakness.
|
|
Sodexo has a medium-term objective of average annual revenue growth, excluding currency effects, of between 4-7 percent.
|
|
In the medium-term, non-permanent seats of European countries on the UN Security Council should become European seats.
|
|
Schaeuble also said he expected interest rates to rise in the medium term which would play into budget planning.
|
|
Monetary policy is focused on maintaining price stability over the medium term and its accommodative stance supports economic activity.
|
|
I just want to see evidence, or belief, that we're going to meet that target in the medium term.
|
|
The European Central Bank wants to keep consumer inflation below but close to 2 percent over the medium term.
|
|
He also said he was confident inflation would rise to the Fed's 2 percent goal in the medium term.
|
|
"We also believe that medium-term loan book growth will be above 15 percent," he said in an interview.
|
|
"The market has limited momentum for recovery, and could break a new bottom in the medium term," they said.
|
|
New product launches, combined with the company's restructuring efforts, should benefit operating results over the medium term, Moody's added.
|
|
Given strong asset quality performance over the last several years, metrics are expected to normalise in the medium term.
|
|
However, the medium-term projection for real GDP growth was only slightly lower, on balance, than the previous forecast.
|
|
Kane is almost certainly going to run as some flavor of libertarian-tinged conservative in the medium-term future.
|
|
Worldpay also maintained its medium-term outlook for compound annual net revenue growth of 9 percent to 11 percent.
|
|
SUBORDINATED SECURITIES Macro's subordinated medium term notes are rated one notch below Macro's VR of 'b', reflecting loss severity.
|
|
"Despite the brighter near-term outlook, there are medium-term risks to a sustainable economic expansion," the report said.
|
|
S. rates continue on an upward path ... That does provide fundamental support to the dollar in the medium term.
|
|
Despite that fall, the market is still an attractive medium-term buy, according to a top asset management firm.
|
|
"It is not just short-term trade diversion; medium-term production relocation has also started," the Nomura report said.
|
|
"Nevertheless, the ECB's looser monetary policy stance remains an important EUR/USD headwind over the medium term," he added.
|
|
In the medium term the world's largest economy has compiled a very powerful combination of fiscal and monetary measures.
|
|
SHANGHAI, March 16 (Reuters) - China's central bank will conduct medium-term lending facility (MLF) operations on Monday, traders said.
|
|
The RBA also reiterated that a flexible medium-term inflation target was the "centerpiece" of its monetary policy framework.
|
|
The RBA also reiterated that a flexible medium-term inflation target was the "centerpiece" of its monetary policy framework.
|
|
He now had enough parts on hand to make it through a short-to-medium term supply chain disruption.
|
|
Europe grew through institutions and agreements that, in the medium term, were immediately and practically beneficial to ordinary citizens.
|
|
In the medium-term, Google is going to put something in the Google Play Store to bring it back.
|
|
The group posted an adjusted 10.1% return on tangible equity in the quarter, below UBS's medium-term 337144% target.
|
|
Our medium-term forecast for gross general government debt reduction has also deteriorated, reflecting a slowdown in fiscal consolidation.
|
|
The world's largest toymaker had forecast mid-to-high single digit revenue growth for the medium term in June.
|
|
"It is inevitable that we will have a smaller workforce in the medium term," Hunt said in the interview.
|
|
"The group's medium-term vision is to become the world's number one apparel retailer," it said in a statement.
|
|
The company also stood by its medium-term targets that include a loan book growth of around 10-15%.
|
|
The notes will be issued under Shinhan's USD6bn global medium term note programme, last updated on 15 March 2016.
|
|
We stress that we don't believe near-term earnings will be impacted - this is more a medium-term issue.
|
|
As a result, the share of state liquidity in the region's total debt will grow over the medium term.
|
|
KEY RATING DRIVERS Solid Market Positions: Fitch expects TWM to maintain its strong market positions over the medium term.
|
|
In the medium term, we assume broad continuity in fiscal policy and steady progress towards an EU association agreement.
|
|
The RBI has targeted inflation of around 5 percent by March 2017 and 653 percent over the medium term.
|
|
Fitch expects the business to remain free cash positive over the medium term, with an increasing cash flow contribution.
|
|
"If the integration of refugees succeeds, the working population could increase significantly over the medium term," the report said.
|
|
The Wolfsburg-based company also cut its forecast for medium-term sales growth to 20% from more than 25%.
|
|
Underlying dynamics point to a weaker dollar medium term, said BMO Capital Markets currency strategist Stephen Gallo, in London.
|
|
Refinancing pressure on the budget will persist over the medium term, with 78% of direct risk maturing during 2017-2018.
|
|
AVCA said Africa's burgeoning population meant investments were likely to be focused on consumer-driven sectors over the medium-term.
|
|
KEY ASSUMPTIONS Fitch assumes that the state will continue providing support to the Spanish autonomous communities over the medium term.
|
|
Though Nicholas considers Costco best-positioned in the medium term, he's concerned that the retailer isn't doing enough to innovate.
|
|
Both policy paths are also hugely supportive for asset prices and risk, at least in the short to medium term.
|
|
But we think in the medium-term, as long as America continues to consume, the supply chain will be altered.
|
|
Limited competition together with inelastic demand for spirits should support the operating performance of spirits producers over the medium term.
|
|
Today's decisions will support the further build-up of domestic price pressures and headline inflation developments over the medium term.
|
|
The PBOC instead last week rolled out a new targeted medium-term lending facility to supply the economy with credit.
|
|
Instead, users can advertise their properties on Airbnb and be connected with people looking for short or medium-term accommodations.
|
|
VIABILTIY RATING The VR is unlikely to be upgraded over the medium term unless SCBT materially strengthens its local franchise.
|
|
In June, the IMF approved a $642 million loan agreement over three years to support a medium-term recovery programme.
|
|
Fitch believes that brokerage commission will continue to be its primary source of revenue in the near to medium term.
|
|
KEY RATING DRIVERS The 'B+' ratings reflect Kenya's solid growth record, strong medium-term growth potential, and favourable business environment.
|
|
A' Rating Category Targeted: Bayer has communicated its intention to be in the 'A' rating category over the medium term.
|
|
"The current monetary conditions are sufficiently tight to bring inflation to its medium-term target," it said in a statement.
|
|
IMF: ALTHOUGH ATTACKS COULD SLOW SRI LANKA ECONOMY IN NEAR TERM, IN MEDIUM TERM ANNUAL GROWTH SHOULD BE ABOUT 5%
|
|
The euro zone's central bank targets a headline inflation rate "below, but close to 2 percent" over the medium term.
|
|
The department's EUR203m euro medium-term programme and its EUR100m commercial paper programme have been affirmed at 'AA' and 'F1+'.
|
|
The Negative Outlook reflects Fitch's expectation that the department's budgetary performance and debt metrics will weaken in the medium term.
|
|
Fitch projects the region's budgetary performance will remain sound with an operating margin of 11%-12% over the medium term.
|
|
So technology and adaptation of technology to commercial purposes are, I think, critical in a medium term for productivity gains.
|
|
Fitch expects new product launches, particularly in the US, to drive sales growth and support margins in the medium term.
|
|
"It (the FPO) has no interest in an anti-EU policy in the medium term," said political analyst Peter Filzmaier.
|
|
It confirmed earlier remarks that it wants to reduce its stake in Siltronic to a minority over the medium term.
|
|
That's not to say we shouldn't think about them, but there's no danger in the immediate or even medium term.
|
|
" RBC said that even though shares remain compelling over the medium term it sees a "narrowing valuation discount versus peers.
|
|
"The risk of exceeding the inflation target in a sustained way in the medium term is limited," the bank said.
|
|
S. markets, ongoing low interest rates, and the impact of weak foreign currencies will constrain profits over the medium term.
|
|
The International Energy Agency forecast in its 2016 medium-term report that oil demand will outstrip supplies starting in 2018.
|
|
MAF Global Securities Limited's global medium-term note (GMTN) programme and MAF Sukuk Ltd have also been affirmed at 'BBB'.
|
|
"We think this period of EM weakness will prove temporary and maintain a bullish medium-term view," the bank added.
|
|
Capitalisation will continue to decline but the equity to adjusted assets ratio should remain above 40% over the medium term.
|
|
RORSTED: I think maybe in the short term, but not in the medium term, and medium is within a year.
|
|
Continued commitment to contain expenditure and implementation of a credible medium-term fiscal framework could result in positive rating action.
|
|
For the week, the PBOC also injected 240 billion yuan of long-term funding through its medium-term lending facility.
|
|
Online competition also remains negligible and we do not expect significant growth in food e-commerce in the medium term.
|
|
In such circumstances, it would be unlikely that the bank could meet its regulatory capital requirements in the medium-term.
|
|
WHEN WE ASKED PEOPLE WHAT – DO YOU THINK THE FED FOLLOWS THE LATEST ECONOMIC DATA OR THE MEDIUM TERM FRAMEWORK?
|
|
We project that in the medium term the region's financial support for these entities could amount to PLN100m-PLN150m annually.
|
|
Last week, it shifted more funds into a lower-cost, medium-term lending scheme aimed at helping struggling smaller firms.
|
|
KEB Hana's Stable Outlook reflects Fitch's expectation that the bank's profile will remain stable over the near- to medium-term.
|
|
"Nornickel will consider the possibility of the IPO (initial public offering) of the project in the medium term," it said.
|
|
This exposes the region to market interest rate volatility and could negatively impact its current balance over the medium term.
|
|
In its medium-term forecast the region's administration projects modest economic growth of 1.2%-1.9% per annum in 2016-2956.
|
|
Makoto Noji, senior strategist at SMBC Nikko Securities, expects dollar/yen to stay around 110 yen in the medium term.
|
|
The Stable Outlooks reflect Fitch's expectation that the banks' financial profiles will remain steady over the near- to medium-term.
|
|
However, other analysts said the pound's fall in recent weeks looked overcooked and they remained bullish for the medium term.
|
|
Fitch also affirmed Pertamina's senior unsecured rating, USD10bn global medium-term note programme and existing senior unsecured notes at 'BBB-'.
|
|
Fitch believes that an increase in credit costs could hamper operating profits and internal capital generation in the medium term.
|
|
For 2019, it stuck to its target of 6.5 percent, while maintaining a 5 percent outlook for the medium term.
|
|
Banks will go into short- and medium-term Treasuries, which at least have a positive yield, rather than make loans.
|
|
"We want to see ourselves in the ranking of copper-producing countries in the short and medium term," she said.
|
|
The notes will be issued under the bank's USD13 billion Euro medium-term note (EMTN) programme dated 21 March 2017.
|
|
The core rate of inflation has been at the Fed's 2 percent medium-term target for more than a year.
|
|
Pernod reiterated on Thursday that its medium-term objective remained to stabilize its Absolut vodka brand in the United States.
|
|
Sistema intends to maintain strategic control over Detsky Mir in the medium term by retaining majority ownership, Detsky Mir said.
|
|
We expect TML's leverage (net adjusted debt/EBITDAR) to remain around 1.0x over the medium term (FY0003: 0.5x; FY15: 0.8x).
|
|
Over the medium term outlook, Chinese GDP growth is expected to stabilize at a pace of around 6.29% per year.
|
|
The Stable Outlook reflects Fitch's expectation that the bank's credit profile and franchise will be stable in the medium term.
|
|
GEORGE SAYS BIGGEST MEDIUM-TERM RISK TO U.S. ECONOMY COMES FROM SLOWER GROWTH IN CHINA, EURO AREA AND UNITED KINGDOM
|
|
The government aims to stabilize and reduce corporate debt levels in the near- and medium-term, the state planner said.
|
|
Fitch expects KB Card to maintain its leverage, measured by debt/tangible equity, at around 3x in the medium term.
|
|
Among other themes, we expect a new fiscal policy framework which will lay down the medium term debt/deficit path.
|
|
It has raised money market and short- and medium-term interest rates on special loans several times already this year.
|
|
For some reason, she failed to mention Nicolas Bourriaud, Peter Weibel and Félix Guattari's use of the "post-medium" term.
|
|
The European Central Bank (ECB) wants to keep price growth below, but close to 2 percent over the medium term.
|
|
The South African rand held steady ahead of the medium-term budget speech by Tito Mboweni, the country's finance minister.
|
|
Rupert said Richemont expected a sales boost in the medium term from its deal, though he gave no further details.
|
|
The agency expects the bank's operating efficiency to improve over the medium term as a result of its technology investment.
|
|
Fitch believes that brokerage commission will continue to be YSID's primary source of revenue in the near to medium term.
|
|
More importantly, New Dealers should fully rebrand an "Organic" Green New Deal as the medium-term answer to the problem.
|
|
He added that he expected the memory chip market to recover and was "positive" about it in the medium term.
|
|
"Borissov's efforts to maintain domestic political calm may strain coalition relations, increasing medium-term risks for government stability," Dhand said.
|
|
Capital Economics said the peace deal would boost the Colombian economy in the medium-term, but not the short-term.
|
|
In its medium-term forecast the region's administration projects modest economic growth of 1.2%-143% per annum in 2016-2018.
|
|
Republicans are already savoring the short- and medium-term bonanza offered by the vacant seat on the nation's highest bench.
|
|
Ramaphosa said the charges had been announced as Gordhan prepared to deliver his Medium Term Budget Statement on Oct. 26.
|
|
The notes will be issued through UOB's Sydney Branch under the parent bank's SGD15 billion Euro medium-term note programme.
|
|
In the medium term, Huawei could work with Chinese companies like Alibaba or Tencent to monetize the service with ads.
|
|
Fitch believes that BPD Bali's capitalisation is adequate to support the bank's business growth in the near to medium term.
|
|
Parente said he expects oil prices to remain in the $55 to $65 per barrel range over the medium term.
|
|
The Fed acknowledged low levels of inflation in the near term but expects inflation to stabilize in the medium term.
|
|
It revised its medium-term debt forecast higher because it expects that Congress will pass some version of the bill.
|
|
Some traders attributed the absence of medium-term lending facility loan rollovers to the PBOC's huge amount of cash injections.
|
|
Both sides appear satisfied with the results achieved so far and keen to extend their cooperation in the medium term.
|
|
Mogajane said he had spoken with all three major credit ratings agencies to clarify elements of the medium-term budget.
|
|
That stood at 12.8 percent of risk-weighted assets, in line with its medium-term target of around 13 percent.
|
|
The International Monetary Fund, which predicts a 5.2% rate for 2019, sees a 5.3% medium-term growth rate in Indonesia.
|
|
Todays decisions will support the further build-up of domestic price pressures and headline inflation developments over the medium term.
|
|
Fitch forecasts the company's pre-dividend FCF margin to remain in the mid-teens over the medium term (FY17: 15%).
|
|
But often, politicians have a difficult time anticipating the long-term, or even the medium-term, implications of their actions.
|
|
In other words, it's cheaper to issue short-term, medium-term and long-term bonds than to repatriate overseas profit.
|
|
The company published preliminary results on March 15 and slashed its medium-term sales forecast, citing weak business in China.
|
|
The main funding source of CNHI is its EUR10 billion medium-term notes programme, which the company taps into regularly.
|
|
Fitch expects FMBI's capital position to modestly improve over the near- to medium-term, an expectation incorporated into today's affirmation.
|
|
Fitch's base-case scenario continues to assume a slowdown in China's medium-term growth trajectory, consistent with declining potential growth.
|
|
"The time is right for a review of the medium-term fiscal framework," the text, handed out in parliament, said.
|
|
The ratings also reflect the risk of weaker budgetary performance over the medium term, due to cuts in state transfers.
|
|
In the medium term Fitch expects the city's debt to remain moderate and stable at below 60% of current revenue.
|
|
"We expect the Eurogroup to talk about the short-term and medium-term decisions on debt relief," Gerovasili told reporters.
|
|
If we care about the medium term – say, 5 or 10 years – prospects for U.S. growth depend on two things.
|
|
"Spread levels below 200 bps look hardly sustainable beyond the medium term," said Benjamin Schroeder, senior rates strategist at ING.
|
|
The government's medium-term program, announced a year ago, forecast economic growth of 2.3% this year and 3.5% in 2020.
|
|
"The financial system appears healthy but medium-term risks to financial stability are rising," the IMF said in the report.
|
|
Inflation was forecast stay under the ECB's medium-term target of below but close to 2% through to end-2021.
|
|
The best guess is that people who are infected are likely to be protected over the short-to-medium term.
|
|
"I expect inflation will rise and stabilize around the F.O.M.C.'s 2 percent objective over the medium term," he said.
|
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"Growth has been less synchronized recently and downside risks over the short- and medium-term have increased," the communiqué said.
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It said it continued to target a combined operating ratio of 93% to 95% for 2020 and the medium term.
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Over the medium term, Fitch expects debt of municipal companies to continue to decline in line with their redemption schedule.
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Fitch expects demand for TREIT's assets to remain satisfactory over the medium term, given the strategic locations in most cases.
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Its medium-term investment plan is supported by its major sponsor, TICON group, a leading industrial property developer in Thailand.
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While there may be a mild negative reaction on Monday, it will not change the medium-term trajectory for equities.
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Adoption won't be overnight, but in the medium term, we are very enthusiastic about the ways robotics will transform industries.
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"Maturities in the short and medium term are high," Cynthia Moskovits, a senior economist at FIEL, said in an interview.
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"The most important goal of course is in the medium term to form a stable and durable government," Kurz said.
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Pete Buttigieg: So the Syria model actually informs the answer, I think, to the Afghanistan question in the medium term.
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Draw up a medium-term plan to fill Lebanon's yawning fiscal deficit and bring public debt down to sustainable levels.
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China's central bank extended loans through its medium-term lending facility (MLF) on Wednesday while keeping the lending rate unchanged.
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Positive: Positive rating action is not probable in the medium-term, owing to potential operating weaknesses in Singapore's hospitality market.
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The PBOC uses the SLF and the medium-term lending facility as tools for managing liquidity in the banking system.
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SZ> * Says it gets approval to issue 1.0 billion yuan ($147.19 million) medium-term notes Source text in Chinese: bit.
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Fitch expects the operating margin will be close to the republic's historical average of 5%-6% over the medium term.
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But pressure on profit margins and key credit metrics would lessen over the medium term due to changing industry dynamics.
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Over the medium term we expect an operating surplus of 6%-7% of operating revenue, sufficient to cover interest payments.
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However, some analysts warned many issues had to be resolved for risk sentiment to stay positive in the medium term.
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KEY RATING DRIVERS The notes have been issued by Phoenix under its GBP3 billion euro medium term note (EMTN) programme.
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Its EBITDAR over the medium term should be at a similar level to that of Makro, as both are expanding.
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China's central bank lowered the rate on 200 billion yuan worth of one-year medium-term lending facility (MLF) loans.
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French real estate developer Nexity said on Friday that it has good medium-term visibility taking into account coronavirus disruption.
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A weekly close above $54.00 is seen opening a path towards $56.00 and $57.40 in the short to medium term.
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He predicted that Chinese businesses would move production to other countries in the medium-term to get around the tariffs.
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Geographic diversification is limited as Posadas' operations are primarily located in Mexico KEY ASSUMPTIONS Fitch's key assumptions within the rating case for Posadas include: --Adjusted debt to EBITDAR around 4.5x in the medium term; --Consolidated EBITDA above MXN1 billion; --Broadly stable KPIs in the short to medium term; --Capex funded with internally generated cash flow.
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Adyen forecasts medium term net revenue growth of 25-30 percent per year, and of at least 40 percent in 2018.
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There was a wait-and-see mood in the market before the medium-term economic programme is released, the analyst said.
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"Investors would be wiser to purchase oil assets at a discount in anticipation of a medium-term price boom," he said.
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The same official added that an agreement on Greece's medium-term fiscal strategy, for the years beyond 2018, was also required.
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He will have triumphed over his intraparty detractors, and in the medium term, Italy's growth should be a little bit higher.
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We expect the republic's direct risk to edge higher to 80%-85% of current revenue over the medium term (2015: 79.9%).
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"I would be very surprised in the short-to-medium term if German Bunds go back much above zero," he said.
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He added he believed there would be revisions to the medium-term program in the end of September or early October.
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According to its base case scenario, Fitch expects CLM to post a negative current balance above 0003% over the medium term.
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Operating expenditure is envisaged to continue rising in the medium term at 2.5%-0003% per year, compared with 3% in 2016.
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The board said it was confident in the medium term, in commentary which Jefferies' Morris said had "a more encouraging tone".
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Fitch believes this trend will continue in the medium term, driven by ongoing infrastructure investments in the economic and technology zone.
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"We will be issuing under the existing programme which is called the MTN - the medium-term notes - programme," the official said.
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Sonangol described the process as "part of a medium-term strategy to bring greater competitiveness to the Angolan oil import market".
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Liquidity, averaging NGN100bn over the medium term and equivalent to approximately 1x annual debt service requirements, should not be a risk.
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"We do see increasing medium term pressures (on the U.S. rating)," Ed Parker said at the agency's annual credit outlook conference.
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The company is expected to generate positive FCF across the rating horizon with no significant debt maturities in the medium term.
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The notes will be issued through DBS Bank Ltd's Australia Branch under the parent bank's USD30bn global medium-term note programme.
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A saturated market for the super-chilled fuel means expansion plans are unlikely to proceed, at least in the medium term.
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However, for 2016, Fitch is concerned that the pro-cyclical nature of the new Fiscal Code risks medium-term fiscal sustainability.
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MTN said it was targeting a dividend payout ratio of at least 80% of its net income in the medium term.
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It aims to increase production to 1003,000 cars in the medium term, helped by new models and improving its manufacturing process.
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Therefore, government policy is expected to become "more ambitious" in setting near- and medium-term renewable energy targets, Credit Suisse said.
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Next year's deficit of 2.4% of GDP is now an absolute cap, and 2% or lower is the medium-term target.
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The country's solid economic fundamentals and its sound monetary, fiscal and structural policies offer attractive short- and medium-term investment opportunities.
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What's next: The medium-term forecast for Florence is relatively straightforward — it will churn west-northwest, passing over increasingly warm waters.
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The PBOC has increasingly relied on MLF loans to guide medium-term interest rates and manage liquidity in the banking system.
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The notes will be issued by its wholly owned subsidiary Greenland Global Investment Limited under its USD3bn medium-term note programme.
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"Higher government spending has supported growth and the implementation of reforms but has increased medium-term fiscal vulnerabilities," the IMF said.
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The two factories are each expected to produce half a million shoes for running and other categories in the medium term.
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These balance sheet strengths underpin the resilience of the bank's credit profile despite near- to medium-term uncertainty, in our view.
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Does scrapping this deal make it easier or harder for Iran to develop nuclear weapons in the short and medium term?
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"No change to our medium-term bearish dollar view," noted Citi's global head of macro strategy and asset allocation, Jeremy Hale.
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Thinking hard about what symmetric inflation objectives really mean is important in conducting policy to achieve that over the medium-term.
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"For the medium term I'd say these semiconductor stocks still have a demand in China that cannot be met," said Sanchez.
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RATING SENSITIVITIES An upgrade is unlikely in the medium term given the company's start-up nature and small size and scale.
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Any clean break of this range could indicate medium-term direction for the stock and the Dubai market as a whole.
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Hummel said Tesla could pose a threat in the medium term because it offers better connectivity and over-the-air updates.
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However, state infrastructure spending, job growth initiatives and defence industry spending will help mitigate these potential pressures over the medium term.
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South Africa's Finance Minister Malusi Gigaba painted a gloomy picture of the economy in his medium term budget speech on Oct.
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Broker Jefferies said ArcelorMittal was taking the lead, as the largest steelmaker in Europe, which was necessary in the medium-term.
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The stock of impaired loans is steadily decreasing, but will most likely remain high compared with peers in the medium term.
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Interbanca, which last year posted a 45 million euro loss, specializes in medium-term financing to Italian companies, leasing and factoring.
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China already has ambitious medium-term goals for automotive efficiency and climate change, including a cap on carbon emissions by 2030.
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"We don't see any reason to reverse that decision, even in the medium term," says an executive at one of them.
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The Stable Outlook reflects Telefonica's commitment to its medium-term leverage target and the strong competitive position of its operating subsidiaries.
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This year would be a year of many changes and he expected consolidation in Europe's banking sector over the medium term.
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And hedge funds and other investors have become enthusiastic cheerleaders for compliance, discipline and higher oil prices in the medium term.
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The medium-term plan, which is part of Egypt's Vision 2030, is intended to bolster the Egyptian economy's competitiveness, Saeed said.
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Moderate Financial Leverage: Fitch expects JWD to maintain FFO-net-adjusted-leverage at 2.0x-3.0x over the medium-term (2015: 2.7x).
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He said the IMF had projected 4 percent growth for the economy in the medium term, assuming the reforms take place.
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Mizuho has appointed Julie Edinburgh as head of its vanilla medium-term notes, part of its debt syndicate team in London.
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Fitch expects the insurer's negative spread burden to continue to shrink over the medium term along with declining average guaranteed yields.
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We expect LICs to rise over the medium term from their current unsustainable low levels, but they should remain easily manageable.
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"The bank has responsibility for promoting financial stability within its flexible medium-term inflation targeting framework," the RBA said on Tuesday.
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Rather than being a 10 to 12 billion market in the medium term, I think it's closer to 15 billion market.
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"We see growing downside risks to medium-term oil prices on rising U.S. supply and slower consumption," the U.S. bank said.
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"Medium-term risks of inflation overshooting the target dominate over the risks of its persistent downward deviation," the central bank said.
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The liberalisation of the dirham is likely to have a limited impact on macroeconomic stability in the short and medium term.
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Preliminary data showed ICAF's 2016 financial debt at EUR119.6 million and with a smooth debt repayment profile over the medium term.
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"We do have a medium-term plan to build operatorships closer to 50 percent," said Phil Kirk, chief executive of Chrysaor.
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That signaled "an easing of trade growth in the coming months in line with medium-term trends," it said on Thursday.
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In the medium term, Fitch expects profitability to be impacted by higher impairments, due to the bank's increasingly challenging operating environment.
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Sales were up 2 percent to 5.7 billion euros, below Philips' medium-term guidance for 4-6 percent sales growth annually.
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Fitch expects the region will maintain capex at around 15% of total spending over the medium-term, in line with 7503.
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CHINA C.BANK: OUTSTANDING MEDIUM-TERM LENDING FACILITY AT 4,158.00 BLN YUAN AT END-FEB VS 4,541.50 BLN YUAN AT END-JAN
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It reiterated on Thursday that its 2019-2020 financial year "would unfold within the framework of the group's medium-term objectives".
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Terkper said the government plans to use the meetings to showcase the turnaround of the economy and its medium-term potential.
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"We think it's always important to...look at medium-term trends and I still think those are pretty favorable," he said.
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The government has said it plans to keep the country's budget deficit at 3 percent of GDP in the medium-term.
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The bank aims for inflation in the euro zone to be below, but close to 2 percent, over the medium term.
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The PBOC uses the MLF and the SLF as tools for managing short- and medium-term liquidity in China's banking system.
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In Fitch's base case scenario, the current balance will be positive over the medium term at 2%-3% of current revenue.
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I don't think there's anything here that really changes the medium term outlook for the Canadian dollar or the Canadian economy.
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We, however, view this additional tax-based funding only as a short to medium-term solution for UK social care funding.
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It said then it was looking at options to maximise cash generation from the business in the short and medium term.
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Still, the minister has less wiggle room compared to Nene's October medium term budget that predicted 1.7 percent growth this year.
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China City Construction had previously failed to make interest payments on a medium term note due on March 1 this year.
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We expect the company to generate strong cash flows with mid- to high single-digit FCF margin over the medium term.
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The company is also likely to maintain its dividend payout policy of around 60% of net income in the medium term.
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Analysts believe the medium-term direction of the dollar will be decided by the monetary tightening path of the Federal Reserve.
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China's government has incredible control over its internet, and those constraints are unlikely to relax in the short-to-medium term.
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China's central bank pumped 200 billion yuan ($31 billion) into the banking system via its medium-term lending facility on Tuesday.
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Fitch expects Nan Fung's liquidity will remain robust, after factoring in the company's development expenditures and capex over the medium term.
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In April, a leaked report from the International Monetary Fund predicted lower growth of around 4-5% in the "medium-term".
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Leitner said he was confident that the company could achieve a competitive cost structure and solid profitability in the medium term.
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In the medium term, employees need a seat at the table so the company can address a broader range of issues.
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Although Fitch expects credit losses to normalize over the medium term, we believe INDB's credit performance will remain stronger than peers.
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The medium-term future in my eyes is one where we allow more data to be used to automate the mundane.
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European Telecoms' Positive FCF: We expect CKHH's European telecom operations to maintain positive free cash flow (FCF) in the medium term.
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Coal retirements look set to continue in the medium term even if the forthcoming Trump administration ends the "war on coal".
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Gupta will initially rehire 125 former employees at the steelworks, aiming to expand the workforce to 250 in the medium-term.
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"Low profitability is a concern for supervisors because it may impact the medium-term sustainability of some business models," Nouy said.
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Yinyi may list Punch on the stock exchange in China in the medium term, the person familiar with the matter said.
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Another puts the long-term decline at 3.5 percent; a different one estimates a 6 percent drop in the medium term.
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Wang said 217 billion yuan worth of Medium-term Lending Facility (MLF) loans matured on Thursday, draining cash from the market.
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Thankfully, while the damage to his administration over the short to medium term will be severe, he can weather the storm.
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"We think that at a certain point in the medium term this opportunity will close or at least narrow," he said.
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The merger is expected to boost operating profit by up to 22014 million euros in the medium term, the companies said.
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RATING SENSITIVITIES Given difficult operating conditions in the German life market, an upgrade is unlikely in the short to medium term.
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Despite caution over medium-term policy uncertainty following Malaysia's historic election result, the risks remain hypothetical for now, one expert said.
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IDRs AND NATIONAL SCALE RATINGS GF SAN Mexico's IDRs could mirror a potential upgrade of its VR over the medium term.
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In Fitch's base case scenario, the current balance will be positive over the medium term at 5%-6% of current revenue.
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Nevertheless, the regional government has large access to external liquidity so that it can roll over debt in the medium term.
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The Commission said on Wednesday that the new retirement scheme was "worsening the sustainability of public finances in the medium term".
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The risk of a swift price drop likely kept investors from bidding aggressively for the latest medium-term issue, they said.
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Over the medium term, the cost reductions noted above are likely to be tempered by a flat net interest margin (NIM).
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A medium-term goal might be a house, while a long-term goal for most of us is retirement, he added.
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The Stable Outlook reflects our view that in the medium term Tallinn's credit quality will be in line with 'A+' peers'.
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It also raised its medium-term outlook, forecasting transaction volumes of 215 billion euros in 2020, up from 210 billion previously.
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Its non-equity funding is sourced from domestic medium-term debt issues and bank loans (half of which are from SGMB).
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This is especially true as Eurozone growth momentum remains broadly unchanged while medium-term inflation expectations stay close to historic lows.
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A downgrade could also stem from a failure to increase tax and fees collection rates towards 95% over the medium term.
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However, in the medium term "potential disruptions associated with shifting U.S. positions on trade policy could damage international trade," it said.
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"Yes, short term there will be a little more supply but in the medium term I'm still very optimistic," he said.
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The company said it will provide 2019 guidance and a medium term outlook with its full year results on Sept. 5.
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But most fund managers seem unconcerned about the threat of a short-term reversal because the medium-term fundamentals appear solid.
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For these reasons, lawmakers should focus on tax reform's long-run fiscal impact, not its short- or medium-term revenue effect.
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Running at 2.92 % annually in April, it has stayed below the medium term target of 20203% for the past nine months.
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The ECB targets inflation of close to 2 percent over the medium-term but it is running at just below zero.
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Although these drugs offer short-term and medium-term solutions, a vaccine for coronavirus is still the "gold standard," Dunn said.
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The IMF projected a rate of GDP growth of around 4-5 percent in the medium term, should current policies continue.
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CHINA C.BANK: OUTSTANDING MEDIUM-TERM LENDING FACILITY AT 3,690 BLN YUAN AT END-DEC VS 3,563.50 BLN YUAN AT END-NOV
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Soru said Tiscali targeted earnings before interest, tax, depreciation and amortisation (EBITDA) equivalent to 25% of sales in the medium term.
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The SNB is optimistic in the short term, but some risks remain in the medium term, Zurbruegg was quoted as saying.
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Small- to mid-size acquisitions in the short- to medium-term will dominate, and this should help to diversify their operations.
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Fitch will monitor the level of back-up line over the medium term in accordance with the amount of each issue.
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Upside potential is limited in the medium term given CB's constrained profitability and execution risks associated with the bank's restructuring programme.
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The affirmation reflects Fitch's unchanged base-line scenario regarding the republic's high debt and weaker budgetary performance over the medium-term.
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As the remaining capacity of coal-fired power plants falls, coal consumption will continue to trend lower in the medium term.
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Fourth, the industry is confident that regulatory relief in a number of areas will continue at least in the medium term.
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It is now targeting growth in group sales, gross margin, retail profit and return on capital employed "over the medium term".
|
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Lam's off-the-record talk with the business group last week holds hints of what may come in the medium term.
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Upside potential is limited in the medium term given CYBG's constrained profitability and execution risks associated with the bank's restructuring programme.
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The PBOC uses the MLF and the SLF as tools for managing short- and medium-term liquidity in the banking system.
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Medium-term expected returns for virtually every other major asset class, from commodities to US stocks, were cut in varying degrees.
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S&P said that recent efforts by the government to reduce corporate leverage could stabilize financial risks in the medium-term.
|
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If the consensus is right, inflation will come in below the RBI's medium-term target for 14 months in a row.
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UniCredit Chief Executive Jean Pierre Mustier does not see cross border mergers among European banks in the short or medium term.
|
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"Developments are pointing to a period of oversupply," IEA head Fatih Birol said in the agency's annual medium term gas outlook.
|
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Debt service coverage should remain sound, with debt service representing less than 40% of the operating balance over the medium term.
|
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Lewis Group said the 18-month-old online platform is a key aspect of its short to medium term expansion plans.
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The company continues to target revenue growth for its core business of around 3-5% per annum over the medium term.
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Despite the tax reform, cost containment measures will likely prove key to meeting its fiscal deficit target over the medium term.
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The report also said the resilience of Russia's federal budget was one of the main conditions for medium-term financial stability.
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Bankia Upward ratings potential could arise in the medium term from further improvement in asset quality, together with strengthened banking earnings.
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The RBI's medium-term inflation target till 2021 is 4%, with lower and upper tolerance limits being 2% and 6%, respectively.
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It would also provide a roadmap for the application of France's 2019-2028 medium-term energy policy known as the PPE.
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Of these things, what do you think, in the near term, medium term and long term, are the most critical elements?
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The projection for inflation over the medium term was revised up slightly, primarily reflecting tighter resource utilization in the January forecast.
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Iraqi officials say almost $23 billion is needed for short-term reconstruction and more than $65 billion in the medium term.
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KEY ASSUMPTIONS Fitch's key assumptions within the rating case for TV Azteca include --Low- to mid-single digits domestic advertising revenue growth in 2017 and 2018; --EBITDA margin of 25%-26% in 2017 and 2018; --Capex to sales ratio of about 5% over the medium term; --Net leverage to remain stable at around 3.0x over the medium term.
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The president's interventions, on twitter and behind-the-scenes, are therefore significant for prices, at least in the short and medium term.
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Over the medium term, an upgrade would require a material improvement in asset quality, and maintenance of strong capital and liquidity positions.
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PDVSA would partially offset its diluent deficit in the medium term with maintenance at domestic refineries so they can produce more naphtha.
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The central bank uses the MLF and the SLF as tools for managing short- and medium-term liquidity in China's banking system.
|
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SHANGHAI (Reuters) - China's central bank has not announced any new issue of medium-term lending facility (MLF) loans as of 6 p.m.
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Overall Fitch expects that the current balance will continue to be positive over the medium term, at 5%-7% of current revenue.
|
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Meanwhile, Germany's Fresenius SE tumbled to the bottom of the index after the healthcare group slashed its medium-term guidance late Thursday.
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Fitch forecasts GGGD to rise to 53.7% in 2016 and rise over the medium-term without a tightening of fiscal policy settings.
|
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Mitsubishi Motors will release the specifics of the capital injection in a new medium-term plan due Wednesday, the business daily said.
|
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None of the three factors driving China's underlying import growth show any sign of changing dramatically in the short to medium term.
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"Our cost/income ratio remains high as a result of continued investments which should increase revenues in the medium term," he said.
|
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The medium-term outlook is not altogether pessimistic, says Ben Page, CEO of Ipsos MORI in the press release accompanying the data.
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"For the monetary policy outlook, it will be important to see which impact dominates the other in the medium term," he said.
|
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The long-term outlook for NYMEX oil remains bullish with initial targets at $58 and medium term targets near $583 and $72.
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