The Fed's plan to reduce its balance sheet will see an $ 18 billion per month reduction in Treasury holdings and a $ 12 billion per month in MBS and
agency debt in April, May and June, when a greater pace of reductions kicks in.
Not exact matches
In 2011, similar squabbles led to credit
agencies downgrading the nation's
debt from its triple A status for the first time 70 years.
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance
debt, including our ability to obtain the
debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and
agency regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Household
debt as a percentage of disposable income was was 163.3 %
in the first quarter, Statistics Canada reported last week — only marginally lower than the record 163.9 % ratio the
agency calculated for the fourth quarter.
The outlook could be stabilized if the government's commitment to fiscal consolidation and
debt reduction or its capacity to do so was to wane,» the
agency added
in the same note.
However, recently, the economic recovery seen
in Portugal since the sovereign
debt crisis has indeed begun affecting the way
agencies such as Moody's and Standard & Poor's see the economy, indicating that
in the near future more investors could be considering buying Portuguese bonds.
Citing MDC's
debt and the fact it has held the company to relatively low, if any overall profit despite leaps and bounds
in revenue growth, Willott casts doubt on MDC's ability to turn industry awards and its
agencies» creative prowess into profitability.
Consumer advocates would like to see the
agency require every company involved
in selling, buying, or collecting
debts to ensure the integrity and accuracy of the information used
in the process.
«Given the competition for top talent, employers must update their approach
in order to engage and retain millennials, especially among women, who were found to carry a bigger burden of student loan
debt,» said Natalie Smith, a vice president at PadillaCRT, the communications
agency that conducted the survey for ORC.
Ratings
agency Moody's reported Monday that the rolls of «potential fallen angels,» or issuers with investment - grade
debt currently
in danger of becoming junk, swelled by 17
in the third quarter, while no companies fell into the opposite category, called «potential rising stars.»
Putting up with a few shuttered federal
agencies seems like an OK price to pay if it brings the extremists to the negotiating table
in time for a compromise on the
debt ceiling.
The
agency has said it will consider a downgrade if Congress doesn't raise the
debt limit
in a «timely manner,» that is, several days before Oct. 17, when the Treasury has said it will run out of wiggle room.
The
agency noted that the U.S. is
in a better position today to to meet its obligations to investors than it was during the
debt crisis of 2011 because the U.S. gap between revenues and outlays is considerably smaller.
Data from the Portuguese Finance Ministry showed that the country paid less than 300 million euros ($ 368.49 million)
in interest on its sovereign
debt between 2016 and 2017 due to the increasingly optimistic views from the ratings
agencies.
The 7/22 FT reported: «Across countries that use the euro, average
debt to gross domestic product reached 92.9 per cent
in the first quarter of 2015, up from 92 per cent
in the previous quarter and 91.9 per cent
in the same period last year, according to figures from Eurostat, the EU's statistical
agency.»
Threats from
debt - rating
agencies to strip the country of its sterling credit rating and investors» lacklustre response to a bond auction
in November are just two signs that this reality is beginning to sink
in.
Many people believe that housing
agency Canada Mortgage and Housing Corp. (CMHC) has facilitated the formation of a bubble
in the Canadian housing market by insuring so much mortgage
debt.
Though credit
agencies have made recent changes to the way they factor medical
debt into a credit score, more than half of all the
debt that appears on credit reports
in the United States stems from medical expenses.
The FCA is not the first body to express concerns about the state of credit
in the UK, with ratings
agency Moody's downgrading the outlook on four out of five types of UK consumer
debt investments at the beginning of August.
Rating
agency Moody's said
in a note on Friday that it would define a non-payment at GDB as a default «regardless of [a
debt] moratorium law's provisions.»
Moody's credit rating
agency changed Ontario's
debt rating
in July to negative from stable, citing concerns about the province's ability to eliminate the deficit as scheduled.
Forcing a creditor to turn your
debt over to a collection
agency will simply cause you bigger problems
in the future because many collection
agencies are relentless when it comes to recovering money.
a government, corporation, municipality, or
agency that has issued a security (e.g., a bond)
in order to raise capital or to repay other
debt; the issuer goes to an underwriter to get their securities sold
in the new issue market; for certificates of deposit (CDs), this is the bank that has issued the CD;
in the case of fixed income securities, the issuer of the security is the primary determinant of the security's characteristics (e.g., coupon interest rate, maturity, call features, etc..)
Under normal market conditions, the fund invests at least 80 % of its net assets
in United States Treasury
debt securities and obligations of
agencies and instrumentalities of the United States, including repurchase agreements collateralized with such securities.
During this period, the Federal Reserve tried to support employment by cutting its federal funds rate target nearly to zero; by creating a number of special liquidity facilities to support the extension of credit; and by engaging
in a large scale asset purchase program, buying Treasuries,
agency debt and
agency mortgage - backed securities.
Even
in the face of recession warnings and the
agency's downgrades, the European
debt market keeps improving.
In addition, while the Barclays Aggregate Index is dominated by Treasuries, it also includes
agency mortgage securities as well as investment grade
debt.
In fixed income, the equivalent process is issuance - weighting, whereby the country, government
agency or company that issues the most
debt receives the largest weight.
In addition, large, broad - based indexes such as the Barclays Aggregate Bond Index have become less diversified over time, and now are dominated by U.S. government and
agency debt.
In an effort to restart the securitization market, on November 25, the Fed announced the Term Asset Backed Securities Loan Facility (TALF).14
In December, the FOMC announced that it would begin to significantly expand its balance sheet through purchases of long - term assets including
agency debt,
agency mortgage - backed securities and long - term treasuries — the Large Scale Asset Purchase or LSAP program.
Not only does this represent a decrease
in internal diversification, but with interest rates near all - time lows, the return outlook for government and
agency debt is muted.
Western allies press Trump to maintain nuclear deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China's
debt - ridden economy: CNBC Federal judge orders gov» t must accept new DACA immigration applications: WaPo Unification of Koreas still unlikely as leaders prepare to meet: Reuters US Consumer Confidence Index rebounded
in April after March decline: CB New home sales
in US increased to 4 - month high
in March: MarketWatch Richmond Fed Mfg Index turns negative for first time since 2016: Bond Buyer S&P Case - Shiller Home Price Index surged
in Feb, up 6.3 % y - o - y: CNBC Federal Housing Finance
Agency: US house prices continued to rise
in Feb: HW Corp bonds with lowest investment - grade rating look vulnerable: Bloomberg 10 - year Treasury yield reaches 3.0 % for first time since 2014: CNN Money
Coupled with the long - term outlook released
in March, the
agency shows a dramatic rise
in debt as a share of the economy
in the coming decades.
The government also needs to refinance a 1 billion - euro bond maturing
in November and a smaller yen note due
in July, according to data on the website of the
debt - management
agency, known as AKK.
The
debt - management
agency failed to raise the planned amount of
debt at four auctions
in the past month and scrapped one bond - exchange auction.
a reduction
in the rating awarded a
debt or equity security; a credit
agency downgrades the
debt of a company, municipality, or governmental entity indicating a potential deterioration
in the financial situation of the issuer and its ability to meet its obligations
in full and / or on time.; a downgrade suggests investors are less certain to receive interest payments and return of capital
In the latest report issued by Moody's Investors Service on Wednesday, the internationally famous credit rating
agency downgraded its outlook on China's credit rating from «stable» to «negative,» while affirming the still - respectable Aa3 grade on its sovereign
debt.
What this means
in practice is that we have kept maturities of our investments very short, particularly for low - risk issuers such as governments and
agencies, while we seek out opportunities to increase portfolio yield with what we think is well - priced corporate
debt.
Of this overall increase, $ 2.5 trillion has gone into Treasury notes and bonds, while $ 1.75 trillion has been invested
in MBS and housing -
agency debt securities.
Consumers» ability to repay their
debt obligations
in a timely manner and manage their credit wisely is reflected by their personalized credit score (sometimes known as FICO score), which is derived from the three credit reporting
agencies.
If you fail to repay your loan
in accordance with its terms, we may place your loan with, or sell your loan to, a third - party collection
agency or other company that acquires and / or collects delinquent consumer
debt.
Investors trusted these
agencies and didn't realize the
debt was
in danger of not being repaid.
Statistics Canada, the country's data
agency, said the ratio of household credit - market
debt to disposable income hit 163.4 %
in the April - to - June period, an increase from the upwardly revised 161.8 % recorded
in the first quarter.
S&P ratings
agency issued a statement reaffirming US Treasury bond AAA credit rating, but they issued a negative outlook which means there's a 1
in 3 chance of lowering the
debt rating
in the next 2 years.
In February 2014, rating
agencies downgraded Puerto Rico's general obligation
debt and some related bonds below investment grade, with further downgrades possible.
Presently the Fed is
in the process of monetizing $ 2 trillion
in Treasuries,
Agency paper, such as Fannie Mae and Freddie Mac and collateralized
debt obligations held by lenders.
These portfolios primarily invest
in U.S. high - income
debt securities where at least 65 % or more of bond assets are not rated or are rated by a major
agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below.
The Nordic local government funding
agencies — set up to provide low cost and stable funding for public investments
in Denmark, Finland, Norway and Sweden — are amongst Europe's most creditworthy and important issuers of SSA
debt.
The credit - reporting
agency will give you results
in the form of a ranking of one to nine, where one means the customer is more likely to pay
debts on time, and nine means that the customer likely has a lot of late payments and bad
debts.
China's credit rating was downgraded one notch to A + by ratings
agency Standard & Poor's (S&P), which cited increased economic and financial risks, following the significant rise
in the country's
debt levels since the global financial crisis.