Showing posts with label UK credit rating. Show all posts
Showing posts with label UK credit rating. Show all posts

Wednesday, 21 December 2011

Moody's: Eurokrise kann auch britisches Top-Rating gefährden

REUTERS DEUTSCHLAND: London - Die Top-Bonität Großbritanniens ist nach Einschätzung der Ratingagentur Moody's auch von der Krise in der Eurozone bedroht.

Die Bemühungen der Regierung um einen ausgeglichenen Haushalt könnten durch weitere Schocks für die Wirtschaft untergraben werden, erklärte Moody's am Dienstag.

Bislang genießt Großbritannien das Top-Rating Aaa, und der Ausblick wird von Moody's mit stabil bewertet. Die Fähigkeit des Landes, zusätzliche Belastungen für den Haushalt zu kompensieren, habe sich aber verschlechtert. Der Handlungsspielraum für Großbritannien sei geringer geworden, sagte Moody's-Analystin Sarah Carlson der Nachrichtenagentur Reuters. » | Reuters | Mittwoch 21. Dezember 2011

Tuesday, 13 July 2010

Flag of China. Image: Google Images

Chinese Rating Agency Strips Western Nations of AAA Status

THE TELEGRAPH: China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West.

Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world, giving much greater weight to "wealth creating capacity" and foreign reserves than Fitch, Standard & Poor's, or Moody's.

The US falls to AA, while Britain and France slither down to AA-. Belgium, Spain, Italy are ranked at A- along with Malaysia.

Meanwhile, China rises to AA+ with Germany, the Netherlands and Canada, reflecting its €2.4 trillion (£2 trillion) reserves and a blistering growth rate of 8pc to 10pc a year.

Dominique Strauss-Kahn, chief of the International Monetary Fund, agreed on Monday that the rising East is a transforming global force. "Asia's time has come," he said. >>> Ambrose Evans-Pritchard, International Business Editor | Monday, July 12, 2010

Tuesday, 11 May 2010

UK Credit Rating Set for Downgrade Under Lib-Lab Deal, City Analysts Warn

THE GUARDIAN: Lab-Lib government the least liked option by markets and would almost guarantee a downgrade of UK debt – BNP Paribas

Britain would most likely suffer an expensive and potentially damaging downgrade to its debt rating if the Liberal Democrats form a coalition with Labour, City analysts warned today amid ongoing uncertainty about the creation of a new government.

As the Institute of Directors called on political parties to focus on the economy rather than the need for electoral reform, analysts at BNP Paribas reckoned that a "Lab-Lib government is the least liked option by markets and would almost guarantee a downgrade of the UK sovereign [debt]".

The top-notch AAA debt rating that the UK currently holds ensures that the country achieves the most competitive rates when raising money on the financial markets. If the rating is cut then the country would be forced to pay more to borrow money - although it has a long way to fall before reaching the junk status assigned to Greece, the recipient of a €110bn (£94bn) bailout package from the International Monetary Fund and eurozone countries. >>> Jill Treanor | Tuesday, May 11, 2010