Major Potential Risks to Credit Quality in 2009 - Fitch
Fitch Ratings’ summary of the potential rating impact of some of the more prominent credit market risks for 2009 makes for depressing, but prudent, reading. A year ago, Fitch’s 2008 Outlook presentation identified a number of possible developments for the year. These included banking system crises (though the agency was more concerned regarding [more...]
Date: 2009-01-16 19:48:30
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The European Privacy Partnership warns that consumers may lose more that their credit rating if they default on loans; jobs are at stake
This month's UK bankruptcy figures show that UK business and individuals are still choosing bankruptcy as a seemingly easy way out of debt problems ... and employers often check credit history to ascertain an applicant's reliability or risk rating. In many ... may be refused employment due to a bad credit rating."In the current climate perfectly honest [more...]
Date: 2008-11-19 18:32:00
Chinese banks facing risks from bad loans
China’s lenders may have evaded the worst of the global credit crisis so far, but they are facing plenty of risks of their own, economists with credit agency Fitch Ratings said Friday. A larger-than-expected downturn ... ,” Chu said in a conference call following the release of a report outlining risks for the industry [more...]
Date: 2009-01-16 09:39:30
Ainda o “downgrade” da S&P (5)
Bloomberg Spain may struggle to sell 1.8 billion euros ($2.4 billion) ... . Standard & Poor’s said Jan. 12 it may lower Spain’s AAA credit rating. “There is a clear risk ... of bonds as the prospect of a credit downgrade and a flood of new issues by European governments [more...]
Date: 2009-01-15 09:54:11
Maintaining Excellent Credit Rating
Being approved for credit is a sign that someone is willing to take a risk on you with their money ... of all, get your free annual credit report from the credit bureau. Check for mistakes or false ... bills - food, utilities, rent, or mortgage. Before you go out shopping for credit lines, make sure [more...]
Date: 2009-01-15 03:41:35
Monday links: fundamental design flaws
Earnings revisions are at a two-year high. ( Bespoke ) Emerging market bond spreads have been halved YTD. ( EconomPic Data ) Everyone thinks interest rates are going higher . ( Clusterstock ) Checking in on some credit market indicators . ( Calculated Risk ) Taking a look at the longer term cycles for the VIX . ( VIX and More ) Research into the relationship between the dispersion in equity returns, the VIX and forward alphas. ( SSRN ) Research shows hedge [more...]
Date: 2009-09-28 16:20:34
Bill Would Make Ratings Agencies Share Liability
A key House lawmaker wants to make credit rating agencies — which have been widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities that triggered the financial crisis — responsible for each other’s assessments by holding them collectively liable for inaccuracies.The Associated Press reported that a new draft bill by the lawmaker, Representative Paul Kanjorski, a Pennsylvania Democrat, includes a plan meant to address what critics contend is [more...]
Date: 2009-10-01 09:07:48
Warning to taxpayers, investors — Part 2: Nukes may become troubled assets, ruin credit ratings
Part 1 presented a new study that puts the generation costs for power from new nuclear plants at from 25 to 30 cents per kilowatt-hour — triple ... its credit ratings several years into the project, according to a new report from Moody’s Investors Service… ... ). The risk to utilities who start down the new nuke path is also great. A June 2008 report by [more...]
Date: 2009-01-07 13:43:01
Ainda o “downgrade” da S&P (3)
Bloomberg The risk of losses on European government bonds is mounting as the economic slowdown threatens credit ratings in Ireland, Portugal, Spain and Greece. Credit-default swaps tied to the debt of Ireland rose more than seven-fold ... to be threatened with a debt downgrade when Standard & Poor’s said the country’s long-term rating [more...]
Date: 2009-01-14 11:03:02
Bank Worries Heighten Credit Fears
The renewed concern about the futures of the nation’s largest financial institutions is working its way into short-term lending rates and key ... late November. In action Thursday, swap spreads, a measure of credit risk, have widened out, along ... % about three months ago. In addition, credit-default swap indexes tracking corporate and [more...]
Date: 2009-01-15 09:15:00
Totally Disconnected: US Government Risk, Ratings, Bonds and Equities
As part of his seemingly ongoing program to remove systemic risks within the financial and corporate matrix, ... ; Poor’s reiterated its “AAA” rating for the United States, credit default swaps spreads for 10-year [more...]
Date: 2009-01-14 06:52:43
Fed Day: Expect A Cut, But I Say Save The Bullets!
A: No shock here folks, the markets are expecting between 50 & 75 bps of easing to the funds rate and likely discount rate as well ... leaving inflation risks aside. ben-bernanke-money-thumb.jpg The report and decision ... quarters. We have a 16 month credit crisis going on, and one could argue that the duration of very [more...]
Date: 2008-12-16 18:31:42
What Didn't Cause the Crisis?
Tyler Cowen, contradicting Anna Schwartz, says it was private sector imperfections, not government policy that caused the imperfection ... Funds rate to blame?, by Tyler Cowen: ...I don't side with Austrian Business Cycle Theory in citing ... of that wealth through credit and the desire for additional risk. Note that if an increase in real [more...]
Date: 2008-10-21 22:06:00
Mortgage Mania 19 - The Jumbo Strikes Back
Amid all the celebration and hullabaloo associated with the recent drop in conforming interest rates as a result of the Treasury Department taking ... be willing to buy those that are considered low risk (excellent credit score, low loan-to-value ratio [more...]
Date: 2008-09-09 19:08:17
Wall Street Breakfast: Must-Know News
Europe's funding risks. Over the next three years, around $2 ... a year - even if it were shut out of the credit markets. "Given the continued volatility ... of $752M, and its AAA credit rating is under threat [more...]
Date: 2008-11-11 12:20:07
Wall Street Breakfast: Must-Know News
Europe's funding risks. Over the next three years, around $2 ... a year - even if it were shut out of the credit markets. "Given the continued volatility ... of $752M, and its AAA credit rating is under threat [more...]
Date: 2008-11-11 12:20:09
Things to Consider Before Availing Car Loans
Everyone has a dream to own a car. Cars have become a basic need in our life ... interest rates, a secured loan is a good option • Get hold of your credit report to avoid the chance ... to keep your property at risk, then go for unsecured loans. Many people having poor credit history [more...]
Date: 2009-01-16 11:53:13
DEBT DEFAULTS
DEBT DEFAULTS With the performance of the stock market over 2008, ... interest-bearing investments are safer, there are still risks. A report entitled “Default and Recovery Rates of Canadian Corporate Issuers, 1989-2007” was published last year by Moody’s Credit Research [more...]
Date: 2009-01-06 15:04:18
Secondary Sources: Rates, Innovation, Recession, Suprime Lending
A roundup of economic news from around the Web. Blaming Rates: On his Marginal Revolution blog, ... , and the liquification of that wealth through credit and the desire for additional risk… Loose [more...]
Date: 2008-10-21 15:23:06
Will Gupta's ratings explode with Surgeon General nod? -- Michael Collins
The appointment of television celebrity, Dr. Sanjay Gupta, MD, ... an interview to Jenny Anderson of the New York Times in Feb. 2007. When asked about the high risk credit [more...]
Date: 2009-01-12 06:03:00
Back to Risk Aversion
Japanese yen rallies… Renminbi stumbles… A very tough data week in store… Rate cuts all around the world… And Now… Today’s Pfennig! ... boys” Paulson and Bernanke, to get this credit market crisis unlocked, the longer it will take before ... that make the official call on a recession the NBER (National Bureau of Economic Research [more...]
Date: 2008-12-01 13:43:14
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