- published: 07 Jul 2014
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The system for deciding nation credit ratings should be transformed into a transparent and non-profit one that works for the good of the public. The Bertelsmann Foundation believes it has the answer to this. Speaking at Wired Money 2014, its executive director Annette Heuser explained why overhauling the current sovereign ratings system, currently dominated by just three players (Standard & Poor's, Moody's and Fitch) will be beneficial to everyone. Subscribe to WIRED ►► http://po.st/SubscribeWired Particularly when sovereign bonds constitute almost $70 trillion of securities outstanding worldwide. Country credit ratings have perhaps never been as important as in the past few years, during the financial crisis. The rating is based upon a country's ability to repay its debt, and when one...
A country's credit rating shows how likely the country is to be able to repay its debts. S&P, one of the three global ratings agencies, recently raised Korea's credit rating to a record high. Given that economic sentiment remains largely unchanged in Korea, what are the reasons for the upgrade? Find out the criteria for sovereign credit ratings as well as their implications. 국가신용등급 한 나라가 채무를 이해할 능력과 의사가 얼마나 있는지를 등급으로 표시한 국가신용등급! 최근 세계 3대 국가신용평가기관 중 하나인 S&P가 한국의 국가신용등급을 역대 최고 수준으로 평가했다. 체감경기는 나아지지 않았는데 국가신용등급이 올라간 이유는 무엇일까? 국가신용등급 산정 기준과 의미를 알아보자! Visit ‘Arirang Issue’ Official Pages Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Sovereign Credit Rating (Economic Survey 2016-17) of Indian Economy for CIVIL SERVICES EXAMINATION explained in the simplest way. NEO IAS e-learning classes is an online program whose aim is to create CIVIL SERVANTS for the development of the nation by providing the video series of complete topics that are relevant for the CIVIL SERVICES (IAS/IPS) Exam.
The Committee will consider how accountable the major credit rating agencies are. CRAs rate bonds - government or corporate IOUs - to assess the likelihood of default. The three leading agencies are Standard & Poor's (S&P), Moody's and Fitch. 24 April 2012 BBC Parliament. - Moritz Kraemer, Sovereign Ratings Group, Standard & Poor's. - David Riley, Sovereign and Supranational Ratings, Fitch Ratings. - Alastair Wilson, Chief Credit Officer, Moody's.
Tom Byrne, Senior Vice President and Asia-Pacific manager of Moody's Sovereign Risk Group, explains the key drivers behind Korea's sovereign credit rating upgrade from A1 to Aa3, in a discussion moderated by Nikita Desai, Director of Corporate and Policy Programs at The Korea Society. For more information on this program: http://koreasociety.org/corporate/outlook_2013_koreas_sovereign_credit_rating.html
In this research we build upon a Markov-switching vector autoregression model to study how a shock in the credit default swaps market becomes an important chain in the propagation of shocks through the entire financial system in the euro area. To this end, we use daily data from 22/03/2005 to 21/06/2013 on the euro area banks' and sovereign credit default swap spreads, the EUROSTOXX stock market index and the VSTOXX volatility index. The estimation results obtained using a Gibbs sampler indicate that government interventions in the banking sector spread the credit risk from the banking to public sector. Moreover, we find that higher risk premium that is required by investors for holding government bonds depresses the sovereign bond market, impairs balance sheets of the banking sector, and...
The unfolding confidence crisis in the Eurozone has escalated risks for the global economy and sovereigns in Asia-Pacific. In this CreditMatters TV segment, Standard & Poor's Elena Okorotchenko, managing director and lead analytical manager for Sovereign and International Public Finance Ratings, provides our outlook for Asia-Pacific sovereigns in 2012, the downside scenario for sovereign credit ratings in the region, and the effects of the Eurozone crisis.
South Africa’s Sovereign Credit Rating Warwick Asset Management Head of Fixed Income and Director, Sidney McKinnon, discusses why South Africa’s sovereign credit rating has been downgraded by the major global ratings agencies this year. He also examines the impact of these downgrades and the expectation for potential further downgrades.
Standard and Poor's ratings agency has downgraded the outlook on Egypt's long-term sovereign credit from stable to negative, keeping its long and short term foreign and local currency sovereign credit rating unchanged at B- or B. The ratings agency says it made the decision on the back of an expected increase of external and fiscal difficulties. Egypt is facing a 40% slump in tourist arrivals, and a slowdown in non-oil business activity amid a shortage of dollars.
Our sovereign credit rating on Nicaragua reflects not only the country’s low per capita income and monetary policy rigidities but also its low general government debt and political stability, among other factors. In this CreditMatters TV segment, credit analyst Livia Honsel takes an in-depth look at the factors behind the rating.
S&P Capital IQ's Gustavo Tella and Giorgio Baldassarri, panelists from our recent event “Credit Risk – The Evolving Challenge”, discuss the importance of understanding social and geopolitical risks when assessing a company’s creditworthiness. Visit http://www.spcapitaliq-credit.com/credit-risk-metrics/ to read the panel discussion summary.
On this week's UPFRONT, we are joined by Chai Sang-mi, Associate Dean of Ewha Graduate School of Business at Ewha Womans University and Yang Jun-sok, Professor of Economics at Catholic University of Korea to discuss ways to boost the domestic economy along with the upgraded national credit rating and hear more about the economic outlook for the fourth quarter of 2016.. [S&P, 한국 국가 신용등급 'AA'로 한 단계 상향 조정] 국가 신용등급 상승에 따른 2016 4분기 경제 전망 이번주 UPFRONT에서는 채상미 / 이화여자대학교 경영학과 교수, 양준석 / 가톨릭대학교 경제학과 교수를 모시고 국가 신용등급 상승에 따른 한국경제 활성화 방안을 모색해보고 2016 4분기 한국경제를 전망해본다. Visit ‘Arirang Issue’ Official Pages Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld
Aug. 24 (Bloomberg) -- Bloomberg's Matt Miller, Dominic Chu and Julie Hyman discuss today's decision by Standard and Poor's to cut Ireland's long-term sovereign credit rating to AA- from AA. Nobel Prize-winning economist Joseph Stiglitz told Dublin-based RTE Radio in an interview broadcast today that the European economy is at risk of sliding back into a recession as governments cut spending to reduce their budget deficits. They talk on Bloomberg Television's "Street Smart." (Source: Bloomberg)