Mexico May Avoid Credit Rating Downgrade, JPMorgan Says
Mexico may stave off a credit- rating downgrade, JPMorgan Chase & Co. said. “From our conversations with the rating agencies, they appear to be giving Mexico the benefit of the doubt and will likely wait to see what components of the fiscal reform are approved by Congress,” JPMorgan analysts led by Joyce Chang wrote in a report to clients. [more...]
Date: 2009-09-29 16:44:07
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What took them so long?
From the Free Press…. Another of the nation’s leading credit rating agencies has downgraded the City of Detroit’s credit rating to junk bond status, Mayor Ken Cockrel Jr. said today. Advertisement [more...]
Date: 2009-01-15 22:23:13
S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative
Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating ( ... finances.The gap in bond yields between the benchmark German bunds and the sovereign debt of Spain ... fallen.One year ago the financing of Spanish government debt was barely more expensive than [more...]
Date: 2009-01-13 10:11:00
S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative
Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating ( ... finances.The gap in bond yields between the benchmark German bunds and the sovereign debt of Spain ... fallen.One year ago the financing of Spanish government debt was barely more expensive than [more...]
Date: 2009-01-12 22:13:00
S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative
bond+spreads+2.png - Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating (currently the highest - AAA) is under threat from the deterioration in public finances being produced by the government's attempt to support the banking system and put [more...]
Date: 2009-01-15 15:12:32
Dow Chemical: Time to Sweet-Talk Moody?s
The Wall Street Journal’s Ana Campoy writes this dispatch about the ratings providers’ wariness of Dow Chemical’s $15 ... , says Moody’s lead chemical analyst John Rogers. His agency and S&P cut Dow’s credit rating ... an investment grade rating to this company if it had short-term debt of $11 (billion) to $12 billion [more...]
Date: 2009-01-09 14:36:00
Credit Rating Agencies
The WSJ ran an editorial the other day arguing against the New York Fed’s proposal to create a central clearinghouse for credit default swap ... : Me: I could see why a million little shops analyzing debt and selling their analysis could make sense ... s clearly a legit problem. But what is the point of them for the private sector. Why are their opinions [more...]
Date: 2009-01-16 00:21:02
Investors appear uncertain about Moody's
The mounting regulatory pressure on Moody's Investors Service and the other major credit rating agencies appears to be making investors nervous. Regulators and lawmakers have proposed new regulations to reduce conflicts of interest and improve transparency in the $5 billion-a-year industry because of its role in the subprime mortgage mess, and Congress plans to hold hearings on Wednesday. [more...]
Date: 2009-09-29 20:54:00
Credit Spiral
So, say you’ve had a good relationship with a credit card company and been paying off substantially more than minimum payment over recent months ... from the credit card company saying they’re reducing your credit limit, right before Christmas. Would ... of our house leading to a less positive debt ratio report from a credit rating agency [more...]
Date: 2008-11-26 19:39:28
Sleep-Blogging Mary Schapiro's Confirmation Hearing
Having survived my live-blogging of the TARP Congressional Oversight Panel hearing yesterday, I thought I'd head over (virtually) ... conscious at that point, she'll have passed her first test.While we're waiting for the committee ... this out? Or did she mean 2007? Rather late, either way.)10:48 am: Schapiro says credit rating agencies [more...]
Date: 2009-01-15 15:07:00
Is Bank of America the Next “Citi”?
Is Bank of America the Next “Citi”? This morning Bank of America hit a new 52 week low, and traded at its lowest level since 1991 ... that help illustrate why humans make predictably irrational decisions. Ariely is the author ... , and the weaknesses in the credit rating agencies’ collateralized debt obligation (CDO) assumptions [more...]
Date: 2009-01-15 15:42:49
Your Guide to Do It Yourself Bad Credit Repair
by Landon McGehee With each day that passes, a poor credit rating will become more of an expense. Improving your credit score really does pay off ... Commission, which is the government agency responsible for protecting the rights of consumers, tells us in plain English, “Do yourself a favor and save some money. Don’t believe these statements.” This a [more...]
Date: 2008-11-05 11:51:44
Your Guide to Do It Yourself Bad Credit Repair
by Landon McGehee With each day that passes, a poor credit rating will become more of an expense. Improving your credit score really does pay off ... Commission, which is the government agency responsible for protecting the rights of consumers, tells us in plain English, “Do yourself a favor and save some money. Don’t believe these statements.” This a [more...]
Date: 2008-11-04 08:35:48
U.S. Telecom and Cable Credit Profiles to Weaken in 2009
Debt ratings agency, Fitch has updated a ratings report issued last month and now says that it expects that revenue growth will be negatively impacted by growing local exchange carrier access line [more...]
Date: 2009-01-11 21:21:17
Trepidation About Quantitative Easing, Version 2.0
The Fed made official its move to quantitative easing today, and said it will take no prisoners until it has lowered rates and credit spreads further ... of agency debt and mortgage-backed securities to provide support to the mortgage and housing [more...]
Date: 2008-12-17 10:28:49
debtconsolidationcare.com
Is Debt Consolidation good for you? Get FREE counseling from a BBB member company. Avoid bankruptcy, become debt free, deal with collection agencies and improve your credit rating. Read Reviews [more...]
Date: 2008-12-08 05:00:00
Spain sees risk of debt downgrade, Fitch holds AAA
MADRID, Jan 13 (Reuters) - Spain's Economy Minister acknowledged a risk on Tuesday that major rating agencies might downgrade the country from its "AAA" credit status, although Fitch said it was holding its top-notch rating on the debt. Spain ... departed from a bullish government line to tell reporters: "It's a risk. Obviously in the case [more...]
Date: 2009-01-14 08:27:28
S.E.C. Nominee Offers Plan for Tighter Regulation
At her confirmation hearing, Mary L. Schapiro outlined an ambitious agenda that included tighter regulation of hedge funds and credit rating agencies. Related articles No related articles [more...]
Date: 2009-01-15 23:01:08
S.E.C. Nominee Offers Plan for Tighter Regulation
At her confirmation hearing, Mary L. Schapiro outlined an ambitious agenda that included tighter regulation of hedge funds and credit rating agencies. [more...]
Date: 2009-01-16 00:01:24
Free Credit Repair
Free Credit Repair Posted By Gary Antosh on @ 8:27 am by Landon McGehee With each day that passes, ... Commission, which is the government agency responsible for protecting the rights of consumers, tells ... This agency even claims that it is possible for anyone to improve their credit rating on their own, without [more...]
Date: 2008-10-23 13:27:00
Bond issuer upgrades look set to increase
Bond issuers poised for a credit-rating upgrade have exceeded the 12-month average for the first time in two years, according to Standard & Poor's in a report that signals improvements in the global economy.The ratings agency said 174 global iss ... [more...]
Date: 2009-09-29 17:48:20
Reverse Engineering the Rating Agencies
I get odd quant projects. Calculate the value of an odd CDO ... If not a Industrial firm, which is the default, what is the difference in credit quality? Volatility — 90-day ... been around for three years? DebtMC — Debt/Market Capitalization CDebtMC — Change in Debt/Market [more...]
Date: 2009-01-15 04:57:21
Bailing Out American’s Credit Card Debt
We have been hearing a lot of talk lately about bail outs. We bailed out Wall St ... collection agency than Uncle Sam. The end results ... for $16,635 in debt, excluding mortgages, according to Experian. The average credit card interest rate [more...]
Date: 2009-01-09 08:20:46
It was the best of times… it was the worst of times…
Well, okay, not literally… but some of us might, I think, ... that it may cut Ireland’s triple-A rating for its sovereign debt due to the sharp deterioration in the public finances. This warning of a credit downgrade was followed up some days later by the agency [more...]
Date: 2009-01-15 20:06:44
Sovereign Debts: Let the Downgrades Begin!
Making good its warning, the US credit rating agency Standard & Poor's downgraded the credit rating of Greece amidst a deteriorating economic ... the government's ability to improve its budget position through better tax collection and higher property or income taxes is offset by the rising cost of debt servicing and public pressure for additional [more...]
Date: 2009-01-15 11:27:00
Rating cannot be construed as a substitute for an exhaustive audit or a fraud detection
Sep 26, 2009Accounting, Audit The credit crisis has exposed weaknesses in many financial intermediaries. How can rating agencies ensure their views are more accurate and unbiased? Despite due diligence, there is always scope for improvement. Credit rating agencies (CRA) do not carry out a separate audit but takes cognisance of the information available from annual reports, submissions from management, secondary sources and opinions from lenders/ investors. [more...]
Date: 2009-09-26 05:31:47
UAE banks assigned negative outlook
Financial Times: Moody’s Investors Service, the credit rating agency, has placed the United Arab Emirates banking sector on a negative outlook, ... . However, the credit rating agency added that UAE banks generally enjoy strong economic fundamentals, were ... . ... Tightening credit conditions, liquidity constraints, a collapse of regional equity markets [more...]
Date: 2009-01-15 16:23:15
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