EMerging Equity
Fitch Ratings
Brazil’s Credit Rating Cut To Junk Status By Standard & Poor’s
“US rating agency Standard & Poor’s downgraded Brazil’s credit rating to junk status on Wednesday, pointing to political turmoil in the country and the government’s failure to pull the economy out of recession,” RT reports. According to the news provider: … the rating agency warned about a possible downgrade less than two months ago, the move … Continue reading
Brazil Must Do More To Maintain Its Investment-Grade Rating If It Wants To Attract Foreign Capital, BlackRock Says
“The world’s biggest money manager said Brazil must do all that it takes to maintain its investment-grade credit rating if it wants to remain an attractive destination for foreign capital,” Bloomberg reports. Although BlackRock claims it wants to promote Brazil, most of its clients refuse to allocate towards this destination as the country remains at … Continue reading
Brazil Prepares For Mass Demonstrations On Sunday As Allegations Of Corruption Swamp Rousseff Government
“Brazil President Dilma Rousseff is poised to face another key test as allegations of corruption and incompetence swamp her government, and plummeting commodity prices sap the country’s economy,” Seeking Alpha reports. According to Bloomberg: As allegations of corruption and incompetence swamp Brazil’s government, and plummeting commodity prices sap its economy, hundreds of thousands of angry … Continue reading
Brazil’s Credit Rating Just Above Junk Status After Moody’s Downgrade
Moody’s rating agency, yesterday on August 11th, downgraded Brazil’s government bond rating to Baa3 from Baa2 (only one notch above a non-investment / speculative grade). Also the outlook on the rating has been changed from negative to stable. According to Bloomberg: The company’s decision to assign a stable outlook to Brazil’s rating, now at the lowest level … Continue reading
Malaysia Planning More Fuel Subsidy Cuts Amid Scandal Which Raises Policy Risk
Malaysia is planning to cut more government fuel subsidies and move billions of dollars in government employee housing loans off its balance sheets to shore up its fiscal position, in the face of a growing scandal that is threatening Prime Minister Najib Razak’s ability to execute potentially unpopular policies, Bloomberg reported on Monday night. The Malaysian government will … Continue reading
Russian Central Bank Voids Standard & Poor’s, Moody’s, Fitch Ratings
The Central Bank of Russia will no longer use credit ratings from Standard & Poor’s, Fitch, or Moody’s that were assigned after March 1, 2014. All credit ratings given to Russian companies and banks will now be at the discretion of the Board of Directors of the Bank, according to a press statement Monday. The … Continue reading
Fitch Downgrades 30 Major Russian Financial Institutions
By Sputnik Following its recent downgrade of the Russian sovereign rating,Fitch Ratings said Friday it had downgraded the key ratings of 30 Russian and Russian-owned financial institutions by one notch. MOSCOW/LONDON, January 16 (Sputnik) — Fitch Ratings said Friday it had downgraded the key ratings of 30 Russian and Russian-owned financial institutions by one notch, following its recent downgrade … Continue reading
Fitch Downgrade Will Have ‘Limited’ Effect On Russia
The most recent downgrade by the Fitch rating agency that leaves Russia just one step away from ‘junk’ status won’t have a dramatic impact on the economy, Russian economists have told RT. “A Fitch downgrade will have a limited effect on the Russian economy, as the situation is already tense,”Vladimir Tikhomirov, chief economist at BCS … Continue reading
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