Week in review
USD fell in response to jobs data, RBA meets tomorrow and several bonds to mature this month
Trade opportunities
Over the next few months there are quite a few maturing bonds – meaning many investors will need to decide what they do with the cash
Opinion
Credit rating agencies, often thought of as experts, disagree about the risks of investing in coal ports
Opinion
In this article, a follow up to last week’s article on Moody’s downgrades of Adani Abbot Point Terminal and Dalrymple Bay Coal Terminal, we provide an update following our discussions with S&P as well as new developments impacting the terminals
Company updates
Along with its downgrade of Adani Abbot Point, Moody’s has downgraded the credit ratings on Fortescue and Dalrymple Bay Coal Terminal (DBCT). The rating agency has taken a conservative view of future commodity prices and it is likely further rating actions will be announced
Company factsheets
DBCT Finance Pty Ltd AUD 3m BBSW + 0.30% 09 June 2021 Senior Secured Bond
Company factsheets
DBCT Finance Pty Ltd AUD 3m BBSW + 0.37% 09 June 2026 Senior Secured Bond