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Standard & Poor's Fundamentals of Corporate Credit Analysis by Blaise, Ganguin

Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin ebook
Page: 463
ISBN: 0071454586,
Format: pdf
Publisher: McGraw-Hill

"We affirmed the ratings and removed them from CreditWatch because Vedanta's refinancing risk has reduced after the company secured funds for its June 2013 maturities," S&P credit analyst May Zhong said in a statement yesterday. We will only have a decent country when we liberate ourselves from the corrupt big corporations and the fat cats. Government from “stable” to “negative" because of the budget deficit and rising debt. In this article, I argue that there is a high probability that Turkey will receive an upgrade from S&P or Moody's, therefore achieve a “real” investment grade status “if” the CDS spreads for 5 year Turkish Government Bonds (currently 1.27%) fall below 110 basis points (1.1%). Let's call this “fundamental analysis”. Austan Goolsbee, the chairman of the White House Council of Economic Advisers, said Standard & Poor's made a “political judgment” when it dropped its outlook for the U.S. Policy makers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013,” credit analyst Nikola G. €�Because Australian… banks are large borrowers on The Corporations Act is crystal clear in this respect: you are an insolvent institution if you cannot pay your debts “as and when they become due and payable”. While S&P, Moody's and the other mainstream ratings agencies have done a pretty good job on corporate and municipal debt ratings over the past century and more, when it comes to sovereigns and other highly politicized situations, their records are rather poor, if you'll forgive the But in the world of sovereign debt, S&P is forced to evaluate many more subjective facts than are involved in a simple analysis of the probability of default of, say, General Electric or IBM. Fitch Ratings recently (November 6, 2012) upgraded Turkey's long-term foreign currency credit rating to Investment Grade, “BBB-“, which is great news. €�We believe there is a material risk that U.S. Releasing a report card into banks across Asia, S&P credit analyst Gavin Gunning said Australia's banks stood out in the region because of their heavy dependence on offshore funding. Standard & Poor's decision to downgrade America's credit rating on Friday is momentous, but not, I suspect, for the reasons most people will cite. Many Americans unite and march on the capitol with vats of tar and feathers. The sooner we do it, the less violent and bloody the revolution will be.