Standard & Poors Friday took rating actions on 16 Eurozone governments, including downgrading France, Italy and Spain while affirming Germanys AAA. Todays rating actions are primarily driven by our assessment that the policy initiatives that have been taken by European policymakers in rece… read full news Published: Sat, 14 Jan 2012… »
Archive for January 13th, 2012
S&P Text: Downgrades France, Italy, Spain; Outlooks Negative
Friday, January 13th, 2012Succinct Summation Of Weeks Events (01/13/2012)
Friday, January 13th, 2012Succinct summation of weeks events: Positives: 1) Italian and Spanish bond yields fall sharply on the week as both successfully sell debt to refinance a boat load of upcoming maturities 2) Euro basis swap, US$ 3 month LIBOR and the 3 mo euribor/ois spread all narrower on the week as … read full news Published:… »
French Fin Min confirms S&P Notified of France Downgrade
Friday, January 13th, 2012DJ: French Fin Min: Confirms S&P Notified Downgrade Of France’s Credit Rating read full news Published: Sat, 14 Jan 2012… »
Week in FX Europe Jan 8-13
Friday, January 13th, 2012The Spanish Bond and Italian Bill auctions were well received this week and gave the single currency hope for at least 24-hours. However, this mornings final Italian issues of the week have provided the market an ideal opportunity and excuse to sell the currency again. Dealers have been talking… read full news Published: Sat, 14… »
Ireland avoids S&Ps trim
Friday, January 13th, 2012Reuters reports, citing 2 Irish officials (down the pub on Friday evening talking craic) read full news Published: Sat, 14 Jan 2012… »
Italian government has been informed of S&P downgrade
Friday, January 13th, 2012According to Ansa news agency, Italian government has been informed of an impending S&P downgrade read full news Published: Sat, 14 Jan 2012… »
France to Lose AAA Rating From S&P: Finance Minister
Friday, January 13th, 2012Standard & Poors is stripping France of its AAA credit rating for the first time, Finance Minister Francois Baroin said, reflecting the risk to the country from the spread of the euro-area debt crisis. Coming 100 days before Frances presidential elections, the ratings cut to AA+ is a blow for P… read full news Published:… »
Italy cut by two levels to BBB+ by S&P according to EU official
Friday, January 13th, 2012Italy cut by two levels to BBB+ by S&P according to an EU official read full news Published: Sat, 14 Jan 2012… »
Here’s Why Downgrades of European Nations are Still Important
Friday, January 13th, 2012Everybody knows that European sovereign debt has looked less and less safe over the last couple years. So, readers may wonder why a credit rating agency essentially saying that via a downgrade would come as a big surprise to the market. In short, the rumors of imminent downgrades today haven’t. Bond… read full news Published:… »
Margin Call film review: Financial saga as thrilling as a tax demand
Friday, January 13th, 2012This is the first of, I fear, many fictional movies about the 2008 financial crisis. Its picture of a New York investment bank imploding was presumably intended by first-time writer-director J.C. Chandor to be as beady-eyed about Wall Street as David Mamets Glengarry Glen Ross was … read full news Published: Sat, 14 Jan 2012… »