Sentences with phrase «downgrading of some of their debt»

Not exact matches

«Ultimately, Moody's downgrading of Greece's debt reveals more about the misaligned incentives and the lack of accountability of credit rating agencies than the genuine state or prospects of the Greek economy,» the response continued.

Downgrades in Humana's debt ratings, should they occur, may adversely affect its business, results of operations, and financial condition.

«But Clinton is convinced that most American voters did not intend to greenlight a radical anti-govenrment agenda and were appalled by the near default on U.S. debt and the downgrading of U.S. Treasuries.

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.

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.

There were, among others, the debt ceiling standoff - cum - rating downgrade of 2011 and the fiscal cliff scare of late 2012, followed by awfully - timed tax hikes and spending cuts earlier this year.

Some of those drops have been the result of self - inflicted wounds, like the Congressional failure to raise the debt limit in 2011, which resulted in a downgrading of U.S. credit.

Obama's jobs plan (speech transcript) has to win the approval of the same debt hawks in Washington who recently gave Standard & Poor's an excuse (read the press release here) to downgrade America's credit by threatening to not raise the nation's debt ceiling.

Conference Board officials speculated the drop may be a consequence of the debt - ceiling debate and the subsequent downgrade of America's credit rating by Standard & Poor's.

Independent bond research firm Gimmie Credit downgraded the debt of the giant chemical company on Tuesday, saying Peltz's pressure may end up forcing DuPont's executives to do something «materially harmful» to the company.

Economic conditions in Europe are unsettling, with Italy's recent struggles and the downgrade of British debt.

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.

But more debt could prompt a ratings downgrade to junk levels, raising the cost of borrowing, not to mention making the whole enterprise riskier if programming revenue does surprisingly start to fall.

TORONTO — Fitch Ratings downgraded Ontario's long - term debt rating Friday, highlighting «risks» on the path to the Liberal government's target of balancing the budget by 2017 - 18.

The latest cause for worry, as we write, is the warning by Standard & Poors that Italy's sovereign debt rating of A + is at risk (a one - in - three chance) of being downgraded in the next 2 years, due to doubts about the success of the government's debt - reduction program.

Even in the face of recession warnings and the agency's downgrades, the European debt market keeps improving.

Just as significant as the ratings downgrades may be the suspension on Friday of the creditor talks in Greece — whose debt S. & P. long ago gave junk status.

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.

The latest punch was S&P's downgrade of U.S. debt.

In fact, investors seeking safety bought even more of the downgraded U.S. debt, pushing prices on 10 - year U.S. Treasuries to within a fraction of face value and yields to an all - time low of 2.13 %.

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).

While Portugal's central bank said Banco Espirito Santo SA, the nation's second - largest lender, is protected after its parent missed debt payments, Moody's Investors Service downgraded a company in the group citing a lack of transparency and links to other companies.

The Land of Lincoln's credit is already the lowest - rated in the union and, until recently, its debt came precariously close to being downgraded to «junk.»

The lack of discipline and fiscal responsibility in Washington led to a downgrade of the nation's sea of debt by Standard & Poor's.

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 harder.

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 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.

The eventual downgrade to junk, aka non-investment grade, will make IL debt ineligible for investment for some of their major institutional investors (one of which has already called for a boycott of Illinois debt) which are restricted by mandate to purchase only investment grade muni bonds.

The credit rating agency said the downgrade, which affects about $ 975 million of debt, was prompted by a growing number of lawsuits, federal and state probes, and Michigan legislation that could all hurt the university's finances.

After sending a copy of your analysis of the S & P downgrade of the sovereign debt of the U.S. to 5 key contacts, I'm going to urge them to read your work on Clorox, as well.

Mr. Ceci also announced that the government would legislate a debt ceiling of 15 percent debt - to - GDP in order to hold off a risk of credit downgrades and higher debt service costs.

Nonetheless, the nonfinancial debt - to - GDP ratio, a measure of leverage in China's private sector, surged beyond 250 %, prompting Moody's to downgrade China's rating one notch in May.

For example, Russian debt, which received a downgrade to HY at the start of the year, is contributing 66 percent of the EMBIG index's 2015 return.

Ratings agencies are downgrading the debt of the Spanish banking sector, causing borrowing costs to rise, which may trigger further negative perceptions.

That could set up another showdown like those that took place in 2011 and 2013 — when lawmakers brought the government to the brink of defaulting on U.S. debt, leading Standard & Poor's to downgrade the nation's credit rating for the first time.

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.

Moody's Investors Service announced it would review «for possible downgrade» the credit ratings of five states, including Maryland, that could be hit particularly hard if Congress fails to raise the nation's debt limit by the Aug. 2 deadline and defaults on its financial obligations.

The downgrade was based partly on the view that the agreement between Congress and the President fell far short of the $ 4.0 trillion needed to stabilize the debt - to - GDP ratio within ten years, and partly on the view that the President and Congress were, and will be, unable to come to any sensible policy plan to support job creation in the short term and control debt accumulation in the longer term.

«The review for downgrade reflects the magnitude of this debt - financed transaction, which evidences a more aggressive financial policy,» said Yasmina Serghini, a Moody's analyst.

We remain concerned that if the U.S. continues the trend of a rising debt / GDP ratio, it increases the chances of a sovereign - debt credit downgrade by the credit ratings agencies.

A standoff in August 2011 rattled financial markets and the political gridlock led the credit rating firm Standard & Poor's to downgrade its AAA rating of U.S. debt for the first time in history.

The rising U.S. federal debt burden now ranks the U.S. among the most leveraged developed - market countries, and puts the U.S. at increased risk of a sovereign - debt credit rating downgrade if the current trend continues.

Collectively, these seven countries have been downgraded by a combined 41 notches, and each Moody's downgrade always has cited debt as one of the factors (Table 1).

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.

At a time when each political party is trying to blame the debt - ceiling debacle on the other, MoveOn's seizing and spreading of the «Tea Party Downgrade» meme might just cut through the clutter and catch on.

In light of the considerable uncertainty around the economic and fiscal outlook, including the risks posed to economic recovery by ongoing financial tensions in the eurozone and against the backdrop of a still large structural budget deficit and high and rising government debt, the Negative Outlook indicates a slightly greater than 50 % chance of a downgrade over a two - year horizon.»

«Missed debt and deficit targets coupled with the OBR's downgrading of forecasts have exposed the Chancellor's lack of a long - term strategy for growth and he is now presented with a golden opportunity to reverse the downward spiral which is rapidly leading to increased and institutionalised poverty and unemployment.

Both Yonkers and Syracuse face large budget deficits, while the public debt of the city of Utica and Rockland County have been downgraded.

Fact: While Ryan tried to pin the downgrade of the United States» credit rating on spending under President Obama, the credit rating was actually downgraded because Republicans threatened not to raise the debt ceiling.

New Rochelle Mayor Noam Bramson Expresses «Disappointment» Over Moody's Downgrade of City's Debt