Moody's adjusts ratings of 9 European sovereigns to capture downside risks (karma: 2)en>frfr>en By jukinj3 Comments: 15918, member since Tue Apr 08, 2003
On Mon Feb 13, 2012 05:19 PM
The euro is sound as a pound. The union has never been stronger.
The main drivers of today's actions are:
- The uncertainty over (i) the euro area's prospects for institutional reform of its fiscal and economic framework and (ii) the resources that will be made available to deal with the crisis.
Moody's adjusts ratings of 9 European sovereigns to capture downside risks
Global Credit Research - 13 Feb 2012
London, 13 February 2012 -- As anticipated in November 2011, Moody's Investors Service has today adjusted the sovereign debt ratings of selected EU countries in order to reflect their susceptibility to the growing financial and macroeconomic risks emanating from the euro area crisis and how these risks exacerbate the affected countries' own specific challenges.
Moody's actions can be summarised as follows:
- Austria: outlook on Aaa rating changed to negative
- France: outlook on Aaa rating changed to negative
- Italy: downgraded to A3 from A2, negative outlook
- Malta: downgraded to A3 from A2, negative outlook
- Portugal: downgraded to Ba3 from Ba2, negative outlook
- Slovakia: downgraded to A2 from A1, negative outlook
- Slovenia: downgraded to A2 from A1, negative outlook
- Spain: downgraded to A3 from A1, negative outlook
- United Kingdom: outlook on Aaa rating changed to negative
Please see the individual country specific statements below for more detailed information relating to the rating rationale and the sensitivity analysis for each affected sovereign issuer.
The implications of these actions for directly and indirectly related ratings will be reported through separate press releases.
The main drivers of today's actions are:
- The uncertainty over (i) the euro area's prospects for institutional reform of its fiscal and economic framework and (ii) the resources that will be made available to deal with the crisis.
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risks (karma: 1)en>frfr>en By SevenSeventeen Comments: 15138, member since Tue Apr 22, 2003
On Mon Feb 13, 2012 05:41 PM
Damn J - I was just putting together an Achtung Baby FF Alert about this.
Moody's downgrades Zurarabia to Smoking Turd -DD
Now just waiting for Greece to crack and than - wunderbar
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risks (karma: 1)en>frfr>en By simplefrench Comments: 65103, member since Wed Mar 19, 2003
On Mon Feb 13, 2012 05:56 PM
" United Kingdom: outlook on Aaa rating changed to negative"
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risks (karma: 1)en>frfr>en By BurnParis Comments: 28378, member since Thu Mar 13, 2003
On Mon Feb 13, 2012 06:09 PM
simplefrench wrote:
" United Kingdom: outlook on Aaa rating changed to negative"
Someone told it to Nappy ?
You do realize that france is now negative with Moody, AND negative (AA+) with S&P,.. that's two of the big three,... going for the trifecta?
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risksen>frfr>en By simplefrench Comments: 65103, member since Wed Mar 19, 2003
On Mon Feb 13, 2012 06:15 PM
I know.
About Greece,they will leave the € zone between 12 and 18 months.
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risks (karma: 3)en>frfr>en By VAVD Comments: 4272, member since Wed Nov 25, 2009
On Mon Feb 13, 2012 06:15 PM
Edited by VAVD (82433) on 2012-02-13 18:15:44
Don't you enjoy the way an American ratings firm can simply issue a piece of paper and European stocks drop, interest rates soar, and millions of Europeans are plunged into despair?
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risksen>frfr>en By poupon_le_french Comments: 29316, member since Thu Jul 24, 2003
On Mon Feb 13, 2012 06:19 PM
lookanlearn wrote:
United Kingdom: outlook on Aaa rating changed to negative
More to come on that in the next 18 months.
Yep, but don't let that stop you Brits from lecturing us on how things should be done.
To be a brit is to never learn from your failures.
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risks (karma: 1)en>frfr>en By simplefrench Comments: 65103, member since Wed Mar 19, 2003
On Mon Feb 13, 2012 06:20 PM
VAVD wrote:
Don't you enjoy the way an American ratings firm can simply issue a piece of paper and European stocks drop, interest rates soar, and millions of Europeans are plunged into despair?
Europe: America's sock puppet
When France has been downgraded by S and P, they borrowed in the market with lower interest rates...
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risks (karma: 1)en>frfr>en By balls Comments: 28498, member since Tue Aug 24, 2004
On Mon Feb 13, 2012 07:51 PM
Edited by balls (74897) on 2012-02-13 19:53:09
We have some small states. Rhode Island. Delaware. New Hampshire.
'Slovakia' and 'Slovenia'??? Would you even let your kids out of the CAR in fucking 'Slovakia' or 'Slovenia'???
THESE ARE EU members. No fucking shit. You can't make this up.
'Slovakia' and 'Slovenia'!
We're supposed to take the eu seriously. Like, they're some sort of equal to US! It's a fucking freak show....
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risksen>frfr>en By Nappybonesapart Comments: 18372, member since Fri Aug 27, 2004
On Mon Feb 13, 2012 08:02 PM
CzechoSLOVAKIA is a country far away of which you know little
During the 1990s, there were 2.300 reported crimes per 100.000 citizens in Slovakia. In comparison with the neighboring countries - it was 3.200 in Hungary, 3.400 in Poland, 4.100 in the Czech Republic and 6.100 in Austria.
Malta won the George Cross in WW2, equivalent to the VC
re: Moody's adjusts ratings of 9 European sovereigns to capture downside risksen>frfr>en By NikosAliagas Comments: 1945, member since Sun Jul 15, 2007
On Tue Feb 14, 2012 02:21 PM
VAPD wrote:
Don't you enjoy the way an American ratings firm can simply issue a piece of paper and European stocks drop, interest rates soar, and millions of Europeans are plunged into despair?
Europe: America's sock puppet
ROLFMAO
Do you realize that the rating firms ruined the lives of thousands of Americans by rating AAA some toxic assets that ultimately caused the subprime crisis ?
