We expect the next several days to be as turbulent as other major market shocks of the last 15 years: September 11, the Lehman bankruptcy in 2008, the 2011 US
debt downgrade from AAA to AA +, and the 2015 China slowdown.
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.
South Africa also suffered a sovereign
debt rating
downgrade from Moody's last month as the economy comes under pressure
from energy shortages, unrest at platinum mines and a soaring budget deficit.
Cowen research
downgraded United Technologies to market perform
from outperform on Wednesday, citing the jet - engine maker's «hefty» deal price for Rockwell Collins and increased
debt load following the proposed deal.
While both plans would increase the
debt ceiling, ratings agencies have said a short - term increase such as the one proposed by House Republicans may not be enough to protect the U.S.
from a ratings
downgrade.
It's hard to know for sure, but market analysts point to new types of souped - up computerized trading and extraordinary global economic turmoil —
from protests over a second bailout for Greece to the
downgrade of United States
debt.
Combining this with poor sales growth results in a dismal outlook for earnings 3) the pressure on earnings will continue to hurt capital spending, which is usually just a magnified image of earnings, 4) the same factors will continue to raise default rates, causing earnings problems and
debt downgrades among banks and financial companies, 5) earnings shortfalls will also lead to continued job cutbacks, with the unemployment rate rising to at least 5.5 % (indeed, once the unemployment rate has advanced by 0.5 %
from its lows, it has never reversed until rising by least 1.5 % off those lows).
So while these «fallen angel» bonds have the potential to be intrinsically higher quality than
debt originally issued at the junk or high - yield level, undue structural selling pressure
from the
downgrade can cause them to sell at a discount.
From the rise of Facebook to the fall of Blockbuster, from the downgrading of U.S. government debt to the resurgence of Brazil, predicting what will happen next has gotten exponentially har
From the rise of Facebook to the fall of Blockbuster,
from the downgrading of U.S. government debt to the resurgence of Brazil, predicting what will happen next has gotten exponentially har
from the
downgrading of U.S. government
debt to the resurgence of Brazil, predicting what will happen next has gotten exponentially harder.
In May of 2008, a team of sovereign
debt analysts at Moody's had to decide whether to
downgrade the country's sovereign long - term
debt from Aaa to Aa1 or lower.
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.
Moody's
downgraded its
debt from A1 to A2.
Fast forward to April 2012 and once again GE finds its senior unsecured
debt downgraded by Moody's, this time to Aa3
from Aa2.
In the middle of a showdown over the federal
debt ceiling, Standard and Poor's
downgraded the U.S. credit rating for the first time,
from AAA to AA + with a negative outlook.
The only thing that keeps the rating agencies
from downgrading US federal
debt (for now)...
Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to
downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its
debt obligations.Fitch for instance
downgraded Nigeria's longterm foreign currency issuer default rating to B +
from BB - and longterm local currency IDR to BB -
from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop
from previous year and the lowest recorded total since 2011.
Standard and Poor's have already discussed
downgrading our sovereign
debt from its triple A status.
Oyster Bay is reeling
from scandals involving an influential restaurateur, a former town official and financial problems that triggered a ratings agency to recently
downgrade the town's
debt to «junk bond» status.
All
debt in the United States
from State to County to Local will be
downgraded.
In that role, she reported on topics spanning the business world
from covering the
debt downgrade and
debt ceiling crisis to the latest in policy debates, legal issues, and technology trends.
A tried to explain to him that by the close of the day (6 hours
from when he wanted to sell) all of the negative information surrounding the
debt downgrade, European Debt Crisis, etc, would already be reflected in the stock market prices when his stock mutual funds were unloa
debt downgrade, European
Debt Crisis, etc, would already be reflected in the stock market prices when his stock mutual funds were unloa
Debt Crisis, etc, would already be reflected in the stock market prices when his stock mutual funds were unloaded.
1) U.S.
Downgrade is basically a» Political Leader B #tch Slap» (one I think they deserve): Below is an excerpt
from Standard & Poor's (S&P) most recent Sovereign Default Study — the study most applicable for discussing US
debt obligations.
Several credit agencies
downgraded Southern's
debt ratings and outlook because of the company's higher financial leverage resulting
from its acquisition of AGL.
Moody's changed its outlook on Ontario's
debt rating to negative
from stable in early July, saying it could be
downgraded if the province «fails to provide clear signals of its ability and willingness to implement the required measures to redress the current fiscal pressures.»
As a result of all of this, the stock of the company dropped over 30 %
from before the news broke, and its
debt has been
downgraded to junk status by several rating companies.
The actual
downgrade to junk status usually drives more selling pressure, particularly
from funds that are restricted to holding investment - grade
debt exclusively.
Everything
from deteriorating business trends and lower cash flows to rising
debt amounts and a weakening of balance sheets can change their credit rating and result in a
downgrade.