In fact, if we look back at recent instances of a AAA-rated Developed Market (DM) sovereign bond downgrade, the knee-jerk sell-off rarely lasts more than a week. We believe that the current case is no different. Instead, it appears concerns about an increase in the supply of US governm...
First, the US economy is on a much stronger footing now compared with 2011. Twelve years ago, the US' debt ceiling crisis occurred amid a slowly recovering economy with a high unemployment rate of 9 percent. Current data show a resilient US labor market and consumer and business sentiment, ...
The downgrade by Fitch Ratings of the United States' sovereign credit rating from AAA to AA+ on Aug 1 should not come as a surprise to the world, as the credit rating was already under a negative watch from May. Following the latest downgrade and a similar move by Standard and Poor's ...
other CC with my other bank with 0 balances both accounts are over 2yrs old. Turned down for 5k credit line. Ready to close account. Spoke with Bank Manager to reverse the decision but was no help didnt even bother to look at my weekly deposits or current credit card with ...Show ...
Throughout Friday, markets were rife with speculation that S&P, which has had a negative outlook on the U.S. since April 18, would downgrade the country’s credit from its current triple-A level and that it could come as early as Friday night. ...
Ratings Our current corporate credit ratings from Moody's Investors Service and Standard & Poor's are noted below: Long-term debt Short-term debt Moody's Investors Service Aa3 P-1 Standard & Poor's AA– A–1+ Moody's Investor Service rates our long-term corporate credit Aa3 (stable ...
This article describes the internal rating systems presently in use at the 50 largest US banking organizations. We use the diversity of current practice to illuminate the relationships between uses of ratings, different options for rating system design, and the effectiveness of internal rating systems...
Government Meddling in Credit Ratings All three agencies have threatened over the past several months that they were considering downgrading the US’s vaunted AAA rating given our fiscal trainwreck brewing. If our current deficits, our debt-to-GDP ratio and our stagnant economy don’t put the...
The interest rate on loansalso depends on your credit rating. This applies to a loan for the purchase of vehicles, any mortgages, and even loans to meet current needs. Now you know how important the rating is, then we will figure out how to find out your credit rating and what it depe...
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