You can see the size of our loan book and bad
debt rates on our statistics page.
We add the debt spread associated with
the debt rating on the company's long - term debt to the risk - free - rate.
In an unexpected move, Standard & Poor's cut its sovereign
debt rating on Turkey further into junk territory on May 1, citing widening concern about the outlook for inflation amid a sell - off in the Turkish lira currency.
Not exact matches
YELLOWKNIFE, Northwest Territories, May 1 (Reuters)- Bank of Canada Governor Stephen Poloz said
on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household
debt, even as he signaled that interest
rate hikes will continue, increasing the cost of that
debt.
The European Central Bank
on December 3 dropped one of its main policy
rates to negative 0.3 % from negative 0.2 % and said it would extend its bond - buying program, under which it creates euros to purchase
debt, to at least March 2017.
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.
YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said
on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household
debt, even as he signaled that interest
rate hikes will continue, increasing the cost of that
debt.
And while Macdonald did not look into it, other studies have pointed to another major influence China has had lately
on many countries, including Canada: how its high savings
rate and mounting foreign currency reserves, much of it invested in benchmark U.S. government
debt, have depressed interest
rates around the world.
«It's always hard to know exactly where to put your money these days given how
rates and spreads are so low, but
on a relative basis we still think there's value in EM
debt,» Matt Tucker, head of the iShares fixed income strategy team, said this week during a panel discussion at the Morningstar ETF Conference in Chicago.
But in recent years, as the Bank of Canada held interest
rates to historically low levels and consumer
debt skyrocketed, the federal government tightened mortgage restrictions
on regulated financial institutions, including HCG.
YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said
on Tuesday that the view of the Canadian economy is quite good despite record levels of household
debt, and he was confident the central bank can manage the risk of that
debt even as interest
rates rise.
It then explained its view
on how
debt analysts should pursue their profession: «Credit
rating decisions should be based
on objective data, policymakers» announcements and realistic assessments of the conditions facing an economy.
Since the recession ended in mid-2009, the economy has been expanding at sub-par
rates as a string of problems from higher gas prices to Europe's
debt crisis have acted as a drag
on the U.S. economy.
Here's a brief primer for the uninitiated:
Debt rating agencies are organizations that regularly produce opinions
on the likelihood a given debtor will pay its
debts.
Just as alarming is that interest
on this
debt is increasing at an annual
rate of 5 %, outpacing spending increases
on every other budget item.
Low interest
rates have encouraged corporations to take
on more
debt despite the fact their cash flows can't support such
debt loads.
Those men and women can be assured that household
debt on its own won't prompt Poloz to raise interest
rates.
Canadians ignored warnings from policymakers about piling
on debt for years because low interest
rates were too enticing.
To the extent it causes interest
rates to rise, interest
rates you pay
on any new
debt are likely to go up.
Mortgages aren't the only
debt Canadians are saddled with, however, and the
rates on credit cards, car loans, and home equity lines of credit could tick up as well, further increasing a household's overall carrying costs.
The time spent in the work force before launching Swift helped Harris refinance his loans to a lower interest
rate through SoFi, one of a few new marketplace lenders focusing
on student - loan
debt.
When both lender and borrower are businesses, much of the evaluation relies
on analyzing the borrower's balance sheet, cash flow statements, inventory turnover
rates,
debt structure, management performance, and market conditions.
When central bankers dropped interest
rates during the financial crisis, finance ministers leaned too hard
on household
debt.
One of my constant points
on this blog for the last several years has been that households» refinancing of their mortgage
debt at lower and lower
rates has put more money in their pockets for spending and for paying down
debt.
But low interest
rates, at least in Canada, have pushed household
debt to such vertiginous levels that officials like Carney know they shouldn't be counting
on consumer spending to drive the recovery — ergo, the call for more corporate investment.
If you can leave this decade with minimal
debt, you're in good shape — focus
on paying off your highest interest
rate debt, and your credit card balances monthly.
«The
rating would be upgraded if we conclude that the positive economic and fiscal trends are likely to be sustained and if the high
debt burden moves
on a steady, downward trend.
With the domestic economy too weak to maintain China's high growth
rates, and with exports to the West hurting, the Communist Party in Beijing and its regional offshoots have come to rely heavily
on cheap exports and
debt - fuelled investment to sustain China's fragile fortunes.
On the other hand, leaving the interest
rate low encourages the kind of borrowing and spending that has produced record - high levels of consumer
debt in Canada and pushed housing prices into the stratosphere.
The interest
rate on 10 - year bonds was 1.79 % at the end of 2014 — about half as much as the federal government had to offer to get investors to buy its
debt a decade ago.
With the scandal set to hurt profits and as funding costs climb, the
debt load will likely increase beyond 5 times Ebitda, Mizuho Securities USA said Thursday in a note to clients, adding its internal credit
rating on BRF is now three steps below investment grade.
But that pain today would arguably be less severe than if
rates go up years from now, when households have piled
on even more
debt.
They rank above average in delinquency
rates on all types of
debt and rank in the top 10 for lowest
rates of auto loan delinquency and credit - card delinquency.»
Moody's said it will review the credit
rating, noting there is a small but rising risk that the U.S. will default
on its
debt.
Taking
on wedding - related
debt could damage your credit score — and result in a higher interest
rate on that mortgage, he said.
Thanks to mounting inflation concerns, the EBC is now widely expected to raise interest
rates before the EU economy is
on a stable footing and ongoing sovereign
debt issues are resolved.
Moody's, a credit
rating agency, issued a warning that the settlement may have a negative effect
on Wells»
debt because of image concerns and called the incident «highly disturbing.»
The Federal Reserve's ultra-low interest -
rate policy since the financial crisis may have lent support to a listless economy and made the government's massive
debt a lot easier to finance, but it's been more than hard
on retirees and conservative savers.
Egged
on by low interest
rates and lax lending standards, they've acquired massive
debt — 165 % of their disposable incomes,
on average.
In the near term, higher interest
rates will have an immediate effect
on consumers with credit card
debt, home equity lines of credit and those carrying adjustable
rate mortgages.
Gecamines said in its statement that annual interest
rates on Kamoto's
debts had reached 14 percent.
The strategy is to deliver a wide array of financial solutions providing advice
on capital structure, acquisition finance,
ratings,
debt issuance, structured finance, and the management of currency, as well as interest
rate risk.
That said, this is No. 10
on our «get» list, because the interest
rate on student
debt isn't as onerous as personal credit card
debt, but we do find it a bit depressing that our list is bookended by
debt!
Moreover, corporate America has been dependent
on low
rates to finance the trillions of
debt issuance it has taken
on during the era of zero interest
rate policy, or ZIRP.
But with interest
rates still near all - time lows, and only moving up slightly
on the Trump news, it seems the market still thinks there is appetite for all that
debt, or that the U.S. economy will grow fast enough to justify it.
China's credit agency Dagong lowered its U.S. sovereign credit
rating from A to A -
on Thursday, even after the
debt ceiling had been lifted.
A fatal Tesla Model X car crash in California
on March 23 also pressured share prices as well as the company's options and
debt - market
rating.
Earlier this week
rating agency Standard and Poor's changed its U.S. long - term
debt outlook to «stable» from «negative,» despite the concrete prospect of more showdowns
on fiscal policy.
Moody's has today also placed Spain's Baa3 government bond
rating on review for possible further downgrade in order to assess the implications of several factors
on the Spanish government's ability to continue to fund its borrowing requirements in the private
debt markets.
For
ratings issued
on a program, series or category / class of
debt, this announcement provides relevant regulatory disclosures in relation to each
rating of a subsequently issued bond or note of the same series or category / class of
debt or pursuant to a program for which the
ratings are derived exclusively from existing
ratings in accordance with Moody's
rating practices.