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Fitch Ratings

The Fitch Group is a jointly owned subsidiary of FIMALAC and Hearst Corporation. On April 12, 2012, Hearst increased their stake in the Fitch Group to 50%.

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The Latest: Illinois Senate takes no action on budget
FreedomWonInc. The Latest: 2 positive credit agency notices for Illinois: The Latest on a…
The Latest: Fitch Ratings cites 'concrete' budget progress - Illinois lawmakers are back to work after a dramat...
The Latest: Fitch Ratings cites 'concrete' budget progress: (from
Fitch Ratings releases update on Illinois' credit rating status.
State of Illinois made concrete progress to break the two-year long budget impasse, according to Fitch Ratings.
Rite Aid $RAD is down 5% amid some concerns that Fitch Ratings may lower its credit ratings on the company.
U.S. cyber insurance continues to grow, according to Fitch Ratings
Fitch the 1st ratings agency to weigh in on in new fiscal year- calls the House budget bills "progress" despite Rauner veto threat
Property Market Could Negatively Impact Chinese Economy in Second Half of 2017 and in 2018: Fitch Ratings
Our financial rating is actually better than t…
Commercial property the bigger risk to banks: Fitch Ratings |
Fitch Ratings Affirms Bancolombia’s BBB Rating and Revises Outlook from Negative to Stable
Fitch says a cooling housing market in China is set to weigh on the economy The latest from Fitch Ratings is their…
Note: Fitch Ratings is open and working tomorrow. They still have Illinois's rating two steps above junk.
Fitch ratings and other rating agencies are quite comfortable with this..!
Fitch Ratings, one of the big three rating agencies in the world, has rated Zenith and Guaranty Trust Bank (GTB)...
Fitch Ratings has wooed back Jessica Soltz Rudd, a former analyst with the firm, to replace John Tillapaugh.
Fitch Ratings downgrades bond rating for Indiana Finance Authority. What's it mean for I-69?
Fitch Ratings, which has been monitoring the bonds for Section 5 when issues surfaced between I-69 Development Partners and the state last
$12 trillion negative-yielding gov. paper outstanding, as per Fitch Ratings, which has implications experts have yet to truly understand !
US hotels have reached peak in demand, CMBS could be hurt: Fitch Ratings
Fitch Ratings said the P1-billion fine comprises 20 percent of RCBC's net profit in 2015.
The P1B fine imposed on RCBC will not likely to have any damages on lender's financial profile–Fitch Ratings.
Ratings their forecast for the Ukrainian growth .
Fitch affirms NZ rating at "AA" with stable outlook US credit ratings agency out with a note on New Zealand 10 Aug…
Breaking. Fitch Ratings upgrade lurch (aka Steph) off that from an 8 Pinter to a 4 Pinter and a couple of bumps. Looking hot.
India’s GST Bill is an important reform which will remove barriers to trade: Fitch Ratings. via NMApp
Fitch Affirms BoI’s Sovereign Rating Fitch Ratings has affirmed the national ratings of the Bank of Industry (BoI)…
Fitch Ratings has assigned a 'AAA' bond rating to Spotsylvania County, Virginia
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NELF has filed a brief in Fitch Ratings, Inc. v. First Community Bank (currently before More info here:
I think FITCH, Standard & Poors ratings need to downgrade to JUNK STATUS for going to that Melville place 😏 out of hand now.
How Reliancejio may lead to cheaper data services .
No need of Fitch ratings to predict that - common sense is enough for guessing that for any new operator
Reliance Jio to roll out cheaper products to acquire market share: Fitch Ratings: Reliance Jio may roll out mu...
has the financial and administrative resources to avoid a hard landing: Fitch Ratings ht…
Fitch Ratings has affirmed American Family Mutual Insurance Company and its subsidiaries' (American Family) 'A+."
How may lead to cheaper data services
Fitch Assigns AA Rating to $320M Baltimore City Public School Bonds: Fitch Ratings assigned an “AA” rating to ...
Fitch Downgrades Staples to Junk on Weak Sales - - Fitch Ratings said Friday it had downgraded Staples’ credit r ...
Switzerland’s Ratings Affirmed at AAA by Fitch. Outlook stable. GDP growth of 1.2% in 2016 and 1.7% in 2017, up from 0.9% in 2015
Citing sales declines, Fitch downgrades Staples: Fitch Ratings on Friday downgraded its credit r...
Gov't unsatisfied with Fitch's Philippine credit rating:
Policy continuity watched as PHL keeps debt rating: FITCH RATINGS has kept its minimum investment grade rating...
Credit Market Investors Wary: Fitch Ratings: While a significant rise in interest rates has fallen off the rad...
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The rating was based on long-term foreign currency ratings from Ratings and .
Fitch has withdrawn ratings and is ceasing analysis of the College –
Clever move just before downgrade. Moody's Corporation Standard & Poor's Fitch Ratings
Dear LNP spin doctors & your media sychophants, actually the bigger sovereign risk is if you DON'T act on the banks. https:/…
In the medium-term R-Jio will have to raise price: Nitin Soni, Fitch Ratings. Read more: $RELIANCE
Running out of puff: Fitch, a ratings agency, says that every country in Asia bar Mongolia and Sri Lanka will ...
Fitch Ratings: FMH maintains good rating on bond series: Frederick Memorial Hospital upheld its good credit qu...
New article: MOVES- RBC Capital, Fitch Ratings, Intech Investment read more at here
Gov. Nixon to meet with Fitch Ratings, Moody’s and S&P regarding state’s AAA credit rating, new bond issuance:...
if you want to know for sure whether Fitch Ratings caused the ringgit to fall recently, observe USDMYR movement tomorrow.
S&P cuts ratings on 4 Greek Banks to 'SD' after restrictions imposed on deposits following similar action taken by Fit…
India to grow at 7.8% in 2015, surpass China: Fitch Ratings: India is expected to grow at 7…
Fitch Ratings affirms Malaysia's credit rating at A-, outlook revised to stable
Nigeria remains in credit risks – Fitch: A global rating agency, Fitch Ratings, says the prospect of a…
Fitch Upgrdaes credit ratings Performance as “FLAGSHIP BANK” to AA-.
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Fitch Ratings, "improved performance in the sector from Read More: http:/…
Fitch affirms Nigerian Banks support ratings on Sovereign outlook.
Fitch Ratings have reaffirmed Australia’s AAA rating and said growth in our economy is stronger than our AAA rated peers.
Discoms' poor financial health poses risks for
Fitch Ratings' logos through the years
Breakdown of the latest Fitch ratings of 10 Nigerian Banks
New 'red flag' challenging Paducah Power BY DAVID ZOELLER dzoellerbefore Paducah Power System is expected to unveil a rate reduction plan, a bond rating company has placed some of the utility's A-rated revenue bonds on a negative rating watch. The PPS board will meet today at 1 p.m. to present a plan to begin providing rate relief. The meeting is open to the public. The bonds in question include $153 million revenue bonds, series 2009A, and $1 million refunding revenue bonds, series 2010. According to Fitch Ratings, "the negative rating watch reflects PPS' constrained financial position and charged operating environment that could limit the system's return to stability." A freezing of the power cost adjustment (PCA) last month exacerbates the utility's financial challenges, the rating company said. In a Monday news release, Fitch said it expects "to resolve the negative rating watch following a review of PPS' updated strategic plan and projected financial performance, as well as the delivery of PPS' fisca ...
Lower Credit Rating of Bahia: Fitch Ratings. By Carlos Hernandez. The government of Bahia de Banderas is not...
Fitch Ratings has cautioned that the ratings of Gulf Cooperation Council (GCC) privately-owned corporates are be...
FITCH UPGRADES NIGERIA'S LAGOS STATE TO 'AA+(NGA)'; OUTLOOK STABLE Fitch Ratings has upgraded Nigerian Lagos State's National Long-term rating to 'AA+(nga)' from 'AA(nga)'. The Outlook is Stable. The agency has simultaneously affirmed Lagos State's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with Stable Outlooks and its Short-term foreign currency IDR at 'B'. Its NGN275bn MTN programme, together with its NGN57.5bn and NGN80bn bonds, which mature in 2017 and 2019, respectively, have been affirmed at 'BB-' and upgraded to 'AA+(nga)' from 'AA(nga)'. KEY RATING DRIVERS The upgrade reflects Fitch's expectations of the state's continued solid operating performance, improved transparency and efforts towards an increasingly sophisticated and transparent administration, which is conducive to growing private sector investments. The rating action reflects the following rating drivers and their relative weights: High: Management and Administration: Fitch believes that Lagos management ...
Fitch Ratings has affirmed Kenya and Rwanda at "B+" - Outlook - Stable
WORTH READING ON OUR RATING Mumbai: Global rating agency Fitch has retained a 'BBB-' sovereign rating on the country with 'stable' outlook, saying a rating revision will depend on the new government's willingness to make difficult choices. "India may have cleared the ground for progress on credit-supportive reforms, but the government's willingness to make difficult choices remains to be tested," Fitch Ratings credit analysts Sagarika Chandra and Andrew Colquhoun said in a note that formed part of the sovereign ratings of all the 17 Fitch-rated sovereigns in the Asia-Pacific region. Fitch is the only agency which has a 'stable' outlook on the nation's credit rating, since Standard & Poor's and Moody's have a negative outlook on India. It can be noted that on April 11, 2014, Fitch had affirmed its 'BBB-' rating, reflecting the balance between high foreign-exchange reserves and real GDP growth, compared to its peers, as well as weak fiscal balances and low governance standards. Explaining the rationale for ...
Positive growth outlook for Indonesia b/c of Jokowi, or just b/c of peaceful, orderly election? via
[Edge] Fitch plans to withdraw ratings on IOI Corporation
Fitch declares Argentina in 'restricted default' - WASHINGTON - Ratings agency Fitch declared Argentina in default...
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reaffirms negative outlook for bond ratings. It won't likely change until we get new leaders that will make tough choices. DW
Fitch cuts Argentina rating to reflect default: July 31 (Reuters) - Fitch Ratings on Thursday cut its credit r...
Fitch - ratings on argentina\'s foreign currency exchanged bonds under argentine law have been simultaneously withdrawn
A vote for Scottish independence would delay the UKs return to triple A credit status, according to the ratings agency, Fitch.
Fitch Ratings joins Standard and Poors and Moodys in cutting Puerto Ricos debt to junk status, as the islands debt problems worsen.
Fitch ratings gives CT state negative outlook on bonds, with slow recovery & 1 time budget fixes. Voters need to question candidates on this
Fitch has affirmed ratings of four banks of Uzbekistan at level "B-": Fitch Ratings has affirmed Uzpromstroyb...
Fitch retains India's rating; revision depends on bold reforms: Fitch Ratings on ...
New Indonesian, Indian governments have shots at real change: Fitch Ratings
Fitch downgrades ratings of 13 foreign-owned Russian banks
Fitch Ratings says Kenya can still borrow more cash via
Fitch retains 'BBB-' sovereign ratings on India with a stable outlook: Fitch stated that ra...
Fitch Ratings affirms the Islamic Development Bank's rating at 'AAA'
Fitch says asset quality woes of PSU banks likely to continue: A report by the global ratings agency said effo...
Fitch Ratings say is set to lead the pack in Latin American growth
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Global rating agency Fitch Ratings warned that the recent decline in bad loan levels across many state-run banks doesn’t indicate that asset quality woes for the Indian banking sector are over
Surging debt at Malaysia's shadowy fund emerges as new sovereign risk ReutersReuters – 10 hours ago By Saeed Azhar and Umesh Desai SINGAPORE/HONG KONG, June 2 (Reuters) - Lurking beneath Malaysia's solid investment-grade sovereign rating is a risk posed by a $14 billion investment fund that is not even generating enough cash from operations to cover interest costs. Regarded as a cross between a sovereign wealth fund and a private investment vehicle, with Prime Minister Najib Razak chairing its advisory board, 1Malaysia Development Berhad (1MDB) is struggling under the burden of $11 billion in borrowed money. Malaysian PM Najib Razak A fund with an advisory board chaired by Malaysian PM Najib Razak The government says it only guarantees around 14 percent of the debt. The investment community assumes it would provide more if needed, and it is the potential strain on Malaysia's debt position from these contingent liabilities that raises concern. "We don't know how well 1MDB is doing," said Christian de Gu ...
South Africa’s credit rating outlook was revised to negative from stable by Fitch Ratings because of a deterioration in the country’s growth prospects.
RPT-Fitch to Rate Nissan Auto Lease Trust 2014-A; Issues Presale. Reuters. Fitch Ratings expects to assign the...
Fitch Ratings announced it is changing Green Tree Servicing's servicer grades to "Rating Watch Negative."
calls on to help grow the economy after ratings agencies S&P and downgraded SA's credit rating to negative.
Funds keep faith with euro money markets as rates dwindle The European Central Bank's decision to cut its deposit rate below zero is unlikely to cause a stampede out of euro zone money market funds, with some investors expecting yields to stay positive in the near term. Many in the market had been concerned that the unprecedented rate cuts would squeeze short-term interest rates to zero or below. That could wipe out already dwindling returns for money market funds - an important source of short-term funding for banks, companies and investors. The funds had been warming to the euro zone as its sovereign debt crisis eased and banks started borrowing more from the market. U.S. money market funds hold euro zone assets of 350 billion euros. But investors were mindful of events in 2012, when the ECB cut its overnight deposit rate to zero percent, driving short-term interest rates into negative territory. Many say the situation is different this time. Market moves in 2012 were exacerbated by a worsening debt cri ...
New article: Fitch: Debt Increase Intensifies Pressure on Ratings of Russian Subnationals read more at here
According to Fitch Ratings, the U.S. Title Insurance Industry’s capital position has improved!
Moody's/DBRS' ratings are stable, S&P/Fitch maybe downgrading..we'll see what happens. 1% intrst diff if they downgrade.
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Standard & Poor is hyperbolic, Fitch is measured. Lets not get overplayed analysts going rounds over ratings. Let's calm dow…
Ratings agency Fitch commends banking sector and economic growth but raises concerns over deficit
Good to see the ratings agencies are recognising the continued recovery in the economy.
Fitch Ratings Downgrades SA's outlook! Majority in poverty & minority in excess wealth, no contribution productivity!
Fitch Ratings Downgrades SA's Outlook to Negative! SADLY this is the story of all Africa, SELFISHNESS & GREED
downgrades SA's outlook from stable to negative
The SACP/ANC's Zuma Cabinet is a concern for Fitch global ratings agency
these Fitch negative ratings of south africa arent good for us at all
Wish someone can break down ratings Agencies criterion on how they rate countries, it's all to me
NDP implementation prioritised for downgrade
A Glimmer Of Good Ratings News For France - , Fitch is soon to a host of ratings...
Fitch Ratings maintains 'BBB' on Mount Sinai Medical Center bonds, revises outlook from stable to positive
For 11-01-2014:: TODAY'S FRONT PAGES B & F Times WARNING ON DEFICIT Fitch Ratings, which downgraded Ghana's international credit-worthiness eight months ago, has forecast the budget deficit for the third straight year, and also warned that the larger-than-expected financing of the government's liabilities by the Bank of Ghana will increase inflation. SHEA TREES UNDER ATTACK, SAYS NGO The country's shea tress are being cut indiscriminately for feul-wood and to make way for infrastructure projects, Shea Network Ghana, an NGO has said. FRONT PAGE COMMENT: OUR POSITION ON FINANCIAL SERVICES VAT Last week the Ghana Revenue Authority (GRA) published a long list of fee-based financial services that will attract VAT from July 1st. After perusing the list, this Paper's opposition to the financial services VAT has been rekindled.Statesman. New Stateman NPP SHAKES KUMASI WITH 'YA YƐ DƐN' DEMO AGAINST INCOMPETENT MAHAMA Kumasi, the Ashanti regional capital, yesterday witnessed what could be described as an unprece ...
Fitch Ratings has affirmed its 'F1+' short-term rating on approximately $2.5 billion of variable rate demand bonds issued on behalf of Ascension Health Alliance through various conduit issuers in Alabama, Connecticut, Indiana, Michigan, Missouri, Tennessee and Wisconsin.
I would like to invite you to take a look at the property investment opportunities in the Philippines, which is currently the second fastest growing economy in Asia with a 7.5% Gross Domestic Product (GDP) growth rate in 2Q 2013. The Philippines also ranks second in Asia in Gross Rental Yields at 7.06%. In addition, the Philippines has recently completed its investment grade rating after Moody’s Investor Service joined Standard and Poor’s and Fitch Ratings in awarding the country with investment-grade credit scores. "Growth is now investment-led, putting the economy on the path towards higher growth potential” – Nomura Singapore “Top country for long term growth prospects due to rapid population growth” – CNBC “Philippines will leapfrog 27 places to become the 16th largest economy in the world by 2050” - HSBC THE COMPANY With foresight brought about by many successful years in the industry, the Philippines' leading real estate developer, Ayala Land, Inc., conceived a company dedicated to ...
Stronger home sales should follow a tepid spring April 23, 2014 – Despite weak underlying consumer momentum this spring, U.S. housing should improve later in 2014 due to faster economic growth, according to Fitch Ratings in the latest edition of the "Chalk Line." "Comparisons have been a challenge so far this year, with most housing metrics falling short of expectations from a year ago," said Robert Curran, managing director and lead homebuilding analyst for Fitch Ratings. "Though the severe winter throughout much of North America has restrained some housing activity, buyer sensitivity to home prices and finance rates and the slowing of job growth at year-end is resulting in diminished consumer momentum." That said, Fitch expects stable ratings for most issuers within the homebuilding sector in 2014, reflecting a continued, moderate cyclical improvement in overall construction activity as the year progresses. There is even potential for a few upgrades among some homebuilders. Housing should improve in 2 ...
Fitch Ratings says that a small group of banks in the European Union will continue to have state support factored into their ratings due to specific forms of state sponsorship for each of them. Fitch would continue to factor support into the ratings of some banks for three main reasons: they have a specific, recognized policy role; they are in orderly run-down under state ownership or sponsorship; or the state is a long-term strategic investor, as is the case, for example, with the German Landesbanken.
ISBPL: India's economy likely to grow 4.7% in FY14: Fitch Ratings: India's Central Statistics Office has...
OCBC: Priced A$400 Million 3-Year Senior Floating Rate Notes. 14 Mar 2014 17:30 Oversea-Chinese Banking Corporation Limited has priced A$400 million of 3-year senior floating rate notes under its US$10 billion Global Medium Term Note Program. The Notes will be issued by OCBC Bank, acting through its Sydney Branch, and are expected to be Repo Eligible by the Reserve Bank of Australia. The net proceeds from the issue of the Notes will be used for the general corporate purposes of OCBC Bank. The Notes will bear interest at the 3-month Bank Bill Swap reference rate plus 0.65% per annum, payable quarterly in arrear. The Notes are expected to be rated Aa1 by Moody's Investors Service, AA- by Standard & Poor's Ratings Services and AA- by Fitch Ratings, and are expected to be issued on 24 March 2014. OCBC Bank, Commonwealth Bank of Australia, National Australia Bank, and Westpac Banking Corporation acted as Joint Lead Managers and Bookrunners for this issue...
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MILWAUKEE, Aug. 8, 2013 /PRNewswire/ -- Fitch Ratings has affirmed the AAA insurance financial strength rating for Northwestern Mutual and Northwestern Long Term Care Insurance Company. AAA is the...
Funds from Gulf countries have helped stabilise Egypt’s outlook but the country still faces “substantial risks and challenges”, according to Fitch Ratings. Fitch has downgraded Egypt five notches since the uprising against Hosni Mubarak, the former
European investors believe senior bank debt is unlikely to suffer default as a result of a eurozone bank failing the European Central Bank's comprehensive assessment, according to a Fitch Ratings quarterly investor survey conducted in January.
Expired short sale tax relief may impact home sales New York – Feb 6, 2014 – According to Fitch Ratings, the recently expired tax relief provided by the Mortgage Forgiveness Debt Relief Act (MFDRA) of 2007 may lead to modestly negative pressure on liquidation timelines as potential short sellers hold off listing their home. The longer it takes for Congress to renew the tax forgiveness – assuming it does – the more home sales will be impacted. The tax relief expired Jan. 1, 2014, creating larger tax burdens for underwater borrowers who receive some form of mortgage debt forgiveness. Without tax forgiveness, the IRS considers any capital forgiven by a lender in a short sale or foreclosure to be income to the homeowner, and it taxes it accordingly. The MFDRA provided tax relief by allowing certain borrowers to exclude such income on their tax returns. The act applied only to debt associated with a primary residence, and no more than $2 million of debt could be excluded per year. Without the tax break ...
Loans for Japan could hit casino ops’ ratings: Fitch
Great news! As of Feb. 2014, Fitch Ratings has affirmed Thrivent’s AA (Very Strong) rating, the third-highest of Fitch’s 19 categories: (It rates our financial strength and claims-paying ability, but not investment product performance). So happy to be part of an organization that serves its member-owners with strength.
Currencies shed gains as investors digest U.S. jobs data SAO PAULO/LONDON (Reuters) - Emerging market currencies pared gains on Friday as traders reconsidered the impact of January's U.S. payroll numbers on the Federal Reserve's plans to reduce its monetary stimulus program. U.S. employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, data showed on Friday. Traders initially saw the data as evidence that growth in the world's largest economy is losing steam, driving emerging market currencies higher on a bet that the Fed would be less likely to further trim its bond-buying program. But a closer look at the figures led many to shift course. "After we looked deeper into the numbers we found the positive details overshadowed the negative headline," said Michael Woolfolk, a senior currency strategist at BNY Mellon in New York, citing data showing strong employment gains in the household survey from which the jobless rate is derived. "If the US econo ...
Fitch analyst Arlene Bohner said Chicago is approaching an “inflection point."
Credit ratings agency Fitch downgrades to 'CCC' due to increased political uncertainty
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As Ukraine's political woes deepened, ratings agency Fitch on Friday downgraded its credit rating to CCC from B-, ci…
S&P is also the only ratings company Turkey doesn't hire for ratings, after its agreement was replaced by Fitch in January of last year.
(The following statement was released by the rating agency)Link to Fitch Ratings' Report: Mid-tier Peer Review...
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Link to Fitch Ratings’ Report: Savoie, Department of – Rating Action ReportPARIS/LONDON, February 07 (Fitch) Fitch Ratings has published the Department of Savoie Long-term foreign and local currency…
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The Fitch ratings agency has said the rise in interest rates and the forex controls in Ghana are unlikely to ease the pressu…
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Fitch sees wide gap between CEE banking sectors - The fragile recovery for banks in central and eastern Europe highlights the gap between the region's banking systems, Fitch Ratings said on Thursday in an analysis on the CEE banking sector. Poland,...
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Slowdowns in new arrears cases in Spain, Portugal and Greece suggest that economic stabilisation is starting to support mortgage market performance in the European countries worst hit by the financial crisis, Fitch Ratings says. But Ireland's recent experience shows that early arrears levels will not necessarily drop steadily even after they appear to have peaked.
Fitch Ratings has assigned the following ratings to the Nelnet Student Loan Trust 2014-1, student loan asset-backed notes as follows:
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Fitch Ratings affirmed Iceland's BBB credit rating on Friday, citing the high level of income per capita and governance as well as human development indicators. The outlook on the credit rating is stable, indicating that Fitch does not currently anticipate developments with a high likelihood of lead...
US Stocks got a nice boost Thursday as investors welcomed some good news about the jobs market ahead of the government's all-important monthly employment report. The Dow jumped 188 points, or 1.2%. The S&P 500 also gained 1.2%. These were the biggest gains for the two indexes so far this year. The Nasdaq also finished higher, rising 1.1%. Despite the day's gains, the three main indexes are still down about 5% from their most recent highs. Investors were encouraged after fewer-than-expected Americans filed for unemployment benefits last week. The data is a positive sign ahead of the January jobs report, which will be released Friday. Economists surveyed by CNNMoney expect that 178,00 jobs were created last month, up from only 74,000 jobs in December. They also forecast that the unemployment rate was 6.7%. JSE News POSITIVE global sentiment after the Bank of England (BoE) left interest rates unchanged led to a surge on the JSE in late trade on Thursday‚ with the all share index closing higher for the seco ...
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New York--(BUSINESS WIRE)-- Fitch Ratings assigns an 'A+' rating to the following State of Florida State Board of Education lottery revenue bonds: --$188.33 million refunding series 2014A.
ACCRA, Feb 6 (Reuters) - Fitch ratings agency said on Thursday its concerns about Ghana's macroeconomic imbalances were growing and the government's current policy mix would not correct the situation.
Dramatic rates of price appreciation exhibited in many areas during 2013 may put those housing markets in jeopardy in 2014 if other segments of the local economy don't provide stability, according to a recent study from Fitch Ratings.The company's Fitch Sustainable Home Price Model revealed that U.S...
Congressional resolution of the U.S. debt-limit suspension scheduled to end Feb. 7 is a “key date” for the nation’s AAA credit rating, according to Fitch Ratings.
European investors have raised their expectations for spending on M&A and dividends in 2014 as they become more optimistic about the outlook for economic recovery, according to a quarterly survey by Fitch Ratings. It is the first time in over two-and-a-half years that more investors have expected companies to use cash for acquisitions or shareholder payouts than for maintaining cash reserves.
Fitch Ratings has assigned ratings to SLM Student Loan Trust 2014-1 as follows:
FITCH RATINGS TO RATE BANGLADESH Government approves BB proposal to go for agreement with the global rating agency Photo- Wikimedia - ASIF SHOWKAT KALLOL - Fitch Ratings would provide sovereign credit rating of Bangladesh as the… [ 403 more words. ]
Fitch Ratings affirms City National Bancorp ratings at 'A-'/'F1'. The Rating Outlook remains Stable. The Stable Outlook incorporates assumptions that that asset quality will remain strong, earnings will face headwinds and capital levels will remain relatively stable.
US debt limit is back in focus according to Fitch Ratings. Their review is scheduled for March 21, 2014, however, certain "events" could prompt Fitch to review and act sooner. It's worth it to read their update at the link below.
Emerging markets have overtaken eurozone sovereign debt problems and central bank stimulus withdrawal as the biggest threat to European credit markets, according to European credit investors in Fitch Ratings' latest quarterly survey. Sixty-eight percent of respondents thought adverse developments in one or more emerging markets would pose a high risk to European credit markets over the next 12 months, a notable increase on the 51% who identified Emerging Markets as a high risk in the previous two surveys.
In my opinion Filipino is so lucky to had NOYNOY as their president. The fact is NoyNoy is the smartest and the best president in the world right now. Filipinos see the fact. Philippines’ Aquino Races the World’s Fastest Economies From the time Aquino took office, the index has soared 86 percent, becoming the world’s best performer out of 45 emerging and developed markets tracked by MSCI indexes. The nation’s debt, meanwhile, has been raised to investment grade by Fitch Ratings, Moody’s Investors Service and Standard & Poor’s. Now, investors are awaiting full-year GDP figures to see by how much the typhoon dented the country’s China-challenging growth rate. Aquino has achieved this transformation by pruning a record $7 billion budget deficit in 2010 to $2.3 billion in the first nine months of 2013, declaring war on rampant corruption, announcing plans to more than double state spending on public works to $19 billion -- or about 5 percent of GDP -- by 2016, and exploiting Filipinos’ English ...
Dolphin International Group More positive news about the Germany economy Germany’s AAA Credit Rating Maintained at Fitch, Outlook bloomberg.com Fitch Ratings today affirmed Germany’s credit rating at AAA with a stable outlook, citing a decline in the debt level of Europe’s biggest economy.
Benchmarks trade slightly lower in early deals Jan-14-2014 10:25 Hrs IST Indian equity benchmarks, after witnessing jubilation in previous session, are trading slightly in the red in early deals on Tuesday as investors booked most of their previous session’s profit amid weak global cues. The US markets went for a sharp correction overnight, reacting to the disappointing non- farm payroll data, traders were also worried about the ensuing earnings season. Moreover, most of the Asian equity indices were trading in the red at this point of time led by Japanese Nikkei, which tumbled over two percent as the yen hovered near a four-week high against the dollar after last week's surprisingly weak jobs report raised concerns about the U.S. growth outlook. Back home, losses remained capped as some support came in with international credit rating agency, Fitch Ratings saying that Government efforts to achieve the fiscal deficit target of 4.8 percent of the GDP in 2013-14, are supportive for the country’s credi . ...
Pemandu will explain the Kangkung Price Index to international credit rating agencies like Fitch Ratings. These foreigners know nuts. :-)
Fitch Ratings raises Egypt's economic outlook from negative to stable however, the International credit rating agency kept its long-term foreign and local currency sovereign credit ratings at B-, a press release from Egyptian Finance Ministry said on Friday. Fitch also kept short-term foreign (...)
20 BIG ACHIEVEMENTS OF PRESIDENT JONATHAN ADMINISTRATION= SEE IT WITH CLEAR EYES WITHOUT POLITICS AND HATE JONATHAN ADMINISTRATION ECONOMIC ACHIEVEMENTS Naija Newsreel The Economy Improvement in Economic Indices - In October 2011 International Ratings agency, Fitch Ratings revised the country's Outlook upwards from Negative to Stable. Standard and Poor's another internationally respected and independent ratings agency, revised Nigeria's ratings from stable to Positive. Signing into law the Nigerian Oil and Gas Industry Content Development Bill 2010 (Local Content Bill) which has increased Local Content in the Oil and Gas sector. Ø As a direct result of that law Royal Dutch Shell awarded a N7.8 billion ($49.9 million) contract to a Nigerian firm, S.C.C Limited, for the manufacture of high pressure line pipes that would otherwise have been awarded to a foreign firm. Ø As a result of this law, Exxon Mobil awarded an off shore platform contract to a local firm, NigerDockNig. PLC that would otherwise have be ...
Video: Sub-Saharan African sovereign's growth will pick up 2014: Fitch Ratings -...: via
Finland pays €437 500 a year to S&P, Moody's and Fitch for credit ratings
Fitch Ratings has upgraded Israel's credit outlook to positive, citing a lower than expected annual deficit. BDSfail
Why do so few in DC understand and "surveillance" ratings fees on CDO/RMBS were paid out of investor's money not issuers?
Black Friday blues: US homeowners face uncertain times Published: Nov 29, 2013, 06:20 PM American consumers are heading to the shopping malls for their traditional holiday splurge. However, many are already saddled with mortgage payments on homes that are worth less today than before the housing bubble burst in 2008. But the story gets worse. As many homeowners (or should we say, people who pay to live in homes that are owned by the banks) are about to celebrate the 10-year anniversary of being chained to their mortgages, bankers are celebrating too as the borrower must now start paying on the principal of the loan, in addition to the interest. For many mortgage owners, this adjustment to their loan payments will come as an ugly surprise. For example, after 10 years of paying on a $30,000 loan, with an initial interest rate of 3.25 percent, the borrower could expect to see his monthly payment rate surging to $293.16 from $81.25, analysts from Fitch Ratings told Reuters. Thanks to this built-in aggravator, ...
3 PSU offers this week - Power Grid, HUDCO and NTPC -By Dilip Davda The first week of last month of the calendar year 2013 is going to witness three offers from PSUs that includes FPO from Power Grid Corporation and Tax Free bonds issue from HUDCO and NTPC. As known, Government was stunned with poor response to its road show for IOC divestment plans and despite that it hopes to garner around Rs. 33K crore from Divestment process. Details of the three offer that opens during this week are as under:: PGCIL FPO price-band fixed att Rs. 85-90 After its maiden IPO in October 2007, Power Grid Corporation of India Ltd. (PGCIL) is now entering with FPO. As per latest information, the FPO’s price band is fixed at Rs. 85-90 per share having a face value of Rs. 10 each. . The issue is opening on 03.12.13 and will close on 06.12.13. The purpose of the issue is to generate funds for transmission project and dilution of GoI stake. The total number of shares on offer are 78.70 crore including GoI’s stake sale of 18. ...
Fitch Affirms Israel at 'A'; Revises Outlook on LT FC IDR to Positive: Link to Fitch Ratings'...
Shipping loan losses will be high at German banks in 2013, says Fitch Ratings, particularly those w/ high shipping exposure and leveraging.
Forex News: Fitch Withdraws Italy's Region of Lombardy Ratings: (The following statement was released by the r...
Thailand Unexpectedly Cuts Rate as Protests Crimp Outlook Thailand unexpectedly cut its key interest rate for a second time this year, as escalating anti-government protests threaten investor confidence and local demand, hurting the nation’s growth outlook. The baht fell. The Bank of Thailand cut its one-day bond repurchase rate by a quarter of a percentage point to 2.25 percent, with monetary policy committee members voting six-to-one in favor of the decision, it said in Bangkok today. All 19 economists in a Bloomberg survey predicted the rate would be held. Thai protesters this week besieged government ministries and urged civil servants to join a push to oust Prime Minister Yingluck Shinawatra, an escalation of rallies that began a month ago against an amnesty for most political offenses stretching back to the 2006 coup that ousted her brother Thaksin. The economy expanded a less-than-estimated 1.3 percent in the third quarter from the previous three months. “The central bank seems to be concerned ...
It's a persistent warning from one of the world's leading ratings firm, suggesting some Canadian home prices remain as much as 26 per cent overvalued and will inevitably fall by 10 per cent in many markets. This week, Fitch Ratings reiterated that claim, immediately putting the backs up of investors and homebuyers alike, especially those in B.C. and Quebec -- that's where the 26 per cent figure comes from. The analysis is nothing new and once again prefaced on a slumping number of home sales and an economy struggling to rev its engines. Still, the 10 per cent drop will be a relatively slow process for most markets, says Fitch, pegging it at five years. Nonetheless that dip in prices could have a punishing effect on many homeowners and investors grappliing with record levels of debt and bracing to the inevitable interest rate hike. “With a high level of employment and individual net worth tied to the value of the housing stock," warns Fitch, "a housing downturn could have serious consequences for the ove ...
Philippine Q3 GDP Growth Slowest In Over A Year Philippine economic growth eased more than expected to reach the weakest level in more than a year in the third quarter, data from the National Statistical Coordination Board showed Thursday, with economists predicting further slowdown in growth this quarter in the wake of the deadly Typhoon Haiyan. The gross domestic product expanded 7 percent year-on-year in the third quarter, the weakest pace since the third quarter of 2012. This followed an upwardly revised 7.6 percent growth in the second quarter. Economists expected growth to slow to 7.1 percent. Typhoon Haiyan ripped through the country on November 8. The UN Office for the Coordination of Humanitarian Affairs (OCHA) rates it the biggest typhoon recorded in almost a century, affecting nearly 11 million people, with an estimated 600,000 displaced. "Moving forward, a key priority is mitigating the risks posed by climate change by modifying our infrastructure design and locations to better cope with clima ...
Luiz Inácio Lula da Silva (Portuguese: [luˈiz iˈnasju ˈlulɐ dɐ ˈsiwvɐ] ( listen); born 27 October 1945), known popularly as Lula,[2] is a former Brazilian President. He was a founding member of the Workers' Party (PT – Partido dos Trabalhadores) and ran for president three times unsuccessfully, first in the 1989 election, then again in 1994 and 1998. Lula achieved victory in the 2002 election, and was inaugurated as president on 1 January 2003. In the 2006 election he was elected for a second term as president, which ended on 1 January 2011.[3] He was succeeded by his former Chief of Staff, Dilma Rousseff. He is often regarded as one of the most popular politicians in the history of Brazil and, at the time of his mandate, one of the most popular in the world.[4][5][6] Social programs like Bolsa Família and Fome Zero are hallmarks of his time in office. Lula played a prominent role in recent international relations developments, including the Nuclear program of Iran and global warming, and was d ...
India Faces Difficult Transition After Rupee Decline, Fitch Reports The sharp depreciation of the Indian rupee in mid-2013 highlights India's difficult transition following an extended period of low growth, high inflation and a widening in the current account deficit. Fitch Ratings says in a report published today that the spillover effects of a weaker rupee have not significantly hurt India's creditworthiness, and hence would not trigger any rating action as this point. The economy has not lost much momentum, with both agriculture and exports remaining resilient and providing a cushion. Fitch therefore expects the economy to recover with real GDP forecast to rise 4.8% and 5.8% in FY14 (financial year ending March 2014) and FY15, respectively, compared with a 5.0% rise in FY13. The modest economic recovery, however, will continue to undermine India's banking sector, which is facing a combination of weakening asset quality, eroding profit and declining capital. Nonetheless, these factors are likely to have ...
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Bid Wars Wane in U.S. Housing Markets on Supply Rise By Prashant Gopal - Nov 14, 2013 1:24 PM PT   Jonathan Alcorn/Bloomberg Potential homebuyers during an open house in Arcadia, California. Mike Imgarten witnessed a frenzy of demand and a dearth of inventory during a two-month house hunt in Sacramento, California. Fearing he would pay too much after a surge in prices, he said he took a break from searching in June.   4:06 Nov. 11 (Bloomberg) -- Spencer Rascoff, chief executive officer of Zillow Inc., talks about the U.S. housing and mortgage markets. He speaks with Scarlet Fu, Sara Eisen and Tom Keene on Bloomberg Television's "Surveillance." (Source: Bloomberg) Sales in Sacramento now are off by more than 25 percent from a year ago and, while inventory remains tight, the supply of homes on the market has almost doubled, according to Erin Stumpf, Imgarten’s real estate agent. “Several homes I drive by on my way to work have had for-sale signs up for a couple months, while before, they’d be go ...
Brace for higher borrowing costs, Fitch tells PH By Paolo G. Montecillo Philippine Daily Inquirer 11:15 pm | Monday, November 18th, 2013 13 62 35 Countries like the Philippines should expect higher borrowing costs and tighter credit standards next year as the US Federal Reserve drains liquidity from emerging markets once its much-awaited scaling back of bond purchases finally takes place. Debt watcher Fitch Ratings on Monday said that in extreme cases, some countries may see a higher rate of defaults among Asian companies as banks restrict their own lending to protect their portfolios from soured loans. “Most investors believe that a significant liquidity drain will occur once tapering is officially confirmed as investors are likely to reduce their exposure to bonds in order to minimize mark-to-market losses as US treasury rates rise,” Fitch said in a statement. The US Fed has been buying up $85 billion in mortgage-backed securities and US Treasuries every month since 2009 to spur the world’s larges ...
According to global rating agency Fitch Ratings, residential developers face the prospect of slowing growth as the expected weakening in consumer purchasing power is likely to suppress housing demand in Thailand. Banks have tightened up on lending to individuals, as household debt had soared to almo...
Nov 14 (Reuters) - Fitch Ratings said on Thursday it may soon strip heavily indebted Puerto Rico of its investment grade credit rating, threatening to tag the U.S. territory as the largest municipal bond issuer to date to tumble into junk bond territory.   A leading Wall Street credit ratings group, Fitch said it had placed the Caribbean island's BBB-minus general obligation bond rating on negative watch and expected to clarify the status of its rating by the end of June.   Fitch and two other U.S. ratings agencies - Moody's and Standard & Poor's - currently rate Puerto Rico's GO debt at the bottom of the investment grade scale. Moody's and S&P also have negative outlooks on Puerto Rico, which already sports the lowest ratings of any state or U.S. territory.   A cut in Fitch's rating to junk would be widely felt in America's $3.7 trillion municipal bond market, where Puerto Rico's $70 billion of high yielding debt is held by many mutual funds and other institutional investors.   Interest rates on ...
Fitch Affirms Indonesia at 'BBB-'; Outlook Stable Fitch Ratings has affirmed Indonesia's Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB-'. The issue ratings on Indonesia's senior unsecured foreign- and local-currency bonds are also affirmed at 'BBB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling is affirmed at 'BBB' and the Short-Term Foreign-Currency IDR affirmed at 'F3'. KEY RATING DRIVERS The affirmation of the ratings and Stable Outlook reflect the following factors: -The Indonesian authorities managed to mitigate the negative impact on external balances after asset markets came under pressure over the summer following international investors' expectations that the US central bank would begin to unwind its monetary stimulus. In particular, Bank Indonesia helped to preserve foreign reserves by allowing the exchange rate to depreciate and raising its policy rates by 175 bp in total since June to 7.5%. Moreover, market access remained intact for both the sovere ...
Ringgit is poised for best month since 2012 Malaysia’s ringgit was headed for its best month since January 2012 after the government announced a consumption tax and scrapped sugar subsidies to bolster revenue, allaying concern about a credit-rating downgrade. The currency rallied to a four-month high of 3.1232 per dollar on October 28 following last week’s budget. Policy makers reiterated a pledge to cut the fiscal deficit to 3.5 per cent of gross domestic product next year from four per cent in 2013, while the goods and services levy is due to come on stream in April 2015. Fitch Ratings lowered the outlook on Malaysia to negative from stable in July, citing a lack of budgetary reform. Three-year bond yields dropped the most since at least January. "People see the budget as a turning point that the fiscal deficit is going to be managed properly," said Wong Chee Seng, a currency strategist at Ambank Group in Kuala Lumpur. "That’s the kind of insurance that will prevent rating agencies from downgradin ...
Good Morning. Happy Hump Day! Guess what? Oh, you've heard. The House of Representatives was unable to come up with a deal to re-open the government and raise the debt ceiling. Woo-hoo! Now we may get to feel what a default feels like. Fitch Ratings, the third-largest of the major debt-rating companies, has already reacted to the dysfunction in Washington. It put US treasury bonds on "Rating Watch Negative," which is, sometimes, a first step in a downgrading our AAA credit rating. If you need another example of how a default might feel, the WSJ is reporting that our image is taking a hit around the world. "...Laurence Fink, chief executive of the world's largest asset manager, New York-based BlackRock Inc., said Friday that he detected "a pronounced sadness from our trading partners and our friends" as he tried to explain the fiscal impasse during his recent travels abroad. "It is embarrassing for me to have these conversations," he told a conference of bankers. (WSJ)" Well, we can relate to the embarrass ...
DBRS : Italy May Face Downgrade if Political Turmoil Hurts Fiscal Progress A failure by the Italian government to approve a 2014 budget in October could threaten the country's sovereign rating, credit-ratings firm DBRS Inc. said Monday. The DBRS rating on Italy currently determines how much margin the European Central Bank charges on borrowing against Italian government debt. The ECB uses the best rating out of those issued by Moody's Investors Service, Standard & Poor's Ratings Service, Fitch Ratings and DBRS when determining collateral margin charges. DBRS rates Italy's government debt at A(low), the highest among the four ratings firms. If DBRS downgrades Italy, that would increase the margins on Italian debt pledged to the ECB as collateral for loans. A higher margin could prompt local banks to provide additional collateral or reduce their borrowing, which could escalate financial tensions in the region. The Italian government is teetering close to collapse after conservative lawmakers removed their s ...
Fitch cuts Chicago Board of Ed rating to A-minus: CHICAGO, Sept 23 (Reuters) - Fitch Ratings on Monday downgraded...
Political stability that SBY has established since 2004 has won investment-grade ratings from Fitch Ratings and Moody’s Investors Service.
Fitch Affirms Disney's IDR at 'A'; Outlook Stable - CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'A' ...
Fitch Affirms Norwich, CT's GO Bonds at 'AA'; Outlook Stable: Fitch Ratings has affirmed the followin...
Fitch Affirms New York State GO and Related Bonds at 'AA'; Outlook Remains Positive: Fitch Ratings has affirme...
Fitch Revises Uganda's Outlook to Positive; Affirms at 'B' - Link to Fitch Ratings' Report: Uganda - Rating Action...
Fitch Rates Kohl's Proposed 10-Year Notes 'BBB+': . Fitch Ratings has assigned a rating of 'BBB+' to Kohl...
Softball Rampage Has A Wide Selection of Products.
Fitch sees Solvay as 'stable', likes debt metrics and PVC JV: LONDON (ICIS)--Fitch Ratings has revised i...
Fitch Ratings: Policy management is key in India
It is not only Fitch Ratings we have to deal with here. Wait till S&P and Moody's do their reviews.
Malaysia’s measures to lower fiscal subsidies and limit import-intensive investment, did not impress Fitch Ratings to change its perception.
Italian banks expected to step up following crisis, Ratings reports
Nokia's Debt Ratings Put on Review for Upgrade following Microsoft Deal: Fitch Ratings has placed Nokia's debt...
Will Fitch Ratings finally pay attention or will it dismiss Malaysia's futile attempt to curb its impending financial nightmare?
Fitch ratings says possibilities of stable ratings for Malaysia if more measures are taken to strengthen fiscal n broaden tax base
Fitch Ratings is now looking for qualified applicants in New York, NY.
Fitch Affirms CarMax Auto Owner Trust 2009-2: As part of its ongoing surveillance, Fitch Ratings affirms three...
Fitch Affirms BMW Floorplan Master Owner Trust 2012-1: Fitch Ratings has affirmed the following out...
Fitch Ratings predicts overall US commercial construction will increase 5% in 2014 over 2013.
[Market News] Fitch Ratings has affirmed TMB Long-Term . Issuer Default Rating at 'BBB-' and National Long-Term...
Fitch welcomes fuel subsidy cut warns more is needed: KUALA LUMPUR: Fitch Ratings welcomed the Malaysian Gover...
Rise in Fuel Price: A Little Sacrifice For A Better Tomorrow. . Little are being said about the Fitch Ratings...
"But such an intensification of reforms that can also withstand potential growth headwinds, is not on the cards at present," Fitch Ratings.
Fitch Ratings says latest fuel price hike credit rating neutral; too small to lift outlook now.
Malta. Banking sector is 7-times the size of its economy and proportionally bigger than that of Cyprus- Fitch Ratings
Fitch affirms Westpac NZ Securitisation notes: - Fitch Ratings has affirmed the note...
RPT-Fitch publishes sovereign ratings history: Fitch Ratings has published its Sovereign Ratings History, for...
increasing the oil price,our property market is currently imbalance,according to Fitch Ratings,they downgraded malaysia sovereign credit..
Fitch Ratings assigns an 'F1 ' rating to the following Suffolk County, NY notes:
Dato' Seri Najib Razak must not make light of Fitch Ratings revision of Malaysia's outlook to negative to prev...
Fitch affirms Commercial Bank of Kuwait at 'A+': Fitch Ratings has affirmed Commercial Bank of Kuwait's (CB) L...
100% FDI in telecom positive for industry: Fitch Ratings
Fitch affirms United Technologies at 'A': Fitch Ratings has affirmed the issuer default rating for United Tech...
Maybe its silly of me but I think very poorly indeed of people who complicate their language to say simple things. The Governor of RBI is such a specimen. When he wants to say "banks should reduce their interest rates after RBI has given the signal", this is what he says: "“Nevertheless, we are very conscious of the need to be supportive of economic growth. When we calibrate the short-term policy interest rate…banks should respond by calibrating lending rates". Mr Subbarao pl learn to say what u mean.
Fitch Ratings: are rating stabil pe termen lung
Fitch Ratings: Oradea are rating stabil pe termen lung
Fitch Affirms Guadalupe Valley Electric Cooperative (TX)'s CP at 'F1+': Fitch Ratings has affirmed the 'F1...
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Fitch maintains ‘B’ ratings for four local banks: Fitch Ratings has maintained the ‘B’ notch…
Fitch Affirms Education Funding Capital Trust - IV: Fitch Ratings has affirmed the senior and subordinate stud...
VIVA “The Pinnacle” Economy 5 positives from fall in Rupee •The rupee has fallen more than 10% during the current financial year, largely because of the dollar's rally. The depreciation of the currency threatens to give a leg up to inflation, increase government's subsidy bill, and affect corporate balance sheets. However, there are some positives as well. AK Antony snubs Anand Sharma on FDI in defence sector •Defence minister A K Antony has firmly opposed the move by a section in the government to hike FDI in defence sector, arguing that encouraging foreign companies to set up manufacturing base in India would be a retrograde step. India slips in Global innovation rankings, down to 66th position •India has been ranked 66th in the Global Innovation Index 2013, down two notches since last year. The country scored higher in gross capital formation (ranked 9th), investment in new business (20), industrial cluster development (29), growth rate % of PPP GDP/worker (14) and computer & information serv ...
Fitch Upgrades 1 Class of Heller Financial 1999-PH1: Fitch Ratings has upgraded one class and affirmed four cl...
Fitch Affirms CSFB 1998-C2: Fitch Ratings has affirmed the ratings of Credit Suisse First Boston Mortgage Secu...
Fitch Ratings has observed inconsistencies in the way servicers report losses in cases of principal forbearance.
Fitch Affirms Transener at 'CCC' - BUENOS AIRES, Argentina--(BUSINESS WIRE)--Fitch Ratings has affirmed the follo...
Finance & Economics graduates, join one of the world's leading Ratings agencies, Fitch Ratings, as a Trainee Analyst
YOUR LETTERS: SBY’S APOLOGY SHOULD BE APPLAUDED The Jakarta Post | Readers Forum | Wed, July 03 2013, 9:18 AM A- A A+ Paper Edition | Page: 8 President Susilo Bambang Yudhoyono’s courage in going against popular domestic sentiment to formally apologize to Malaysia and Singapore signifies the President’s statesmanship, leadership and humility. Most importantly, it personifies the country’s integrity for accountability and respect for the rule of law, which is commendable. The economy has grown at a rate of more than 6 percent in the past three years. Both Fitch and Moody’s upgraded our credit rating to investment grade. Indonesia joined the G20 major world economies in 2009. While usually overshadowed by other rapidly growing emerging economies such as Brazil, Russia, India and China, Indonesia has the potential to attract more foreign direct investment given its large and young population. Although Indonesia presents great potential, the challenges for foreign investors trying to do business in ...
A Fitch Ratings report shows NSW and Queensland homeowners are worst in ...: Mortgage delinquencies in Queensl...
Fitch affirms Bank of Taipei at 'A-(twn): Fitch Ratings has affirmed Taiwan-based Bank of Taipei's national lon...
Fitch reiterates AA+ rating for Asuransi Sinar Mas: Rating agency Fitch Ratings has affirmed the rating for in...
Some good news - the mortgage arrears rate in Surfers Paradise has come down
GRU gets top credit rating for short-term debt: Fitch Ratings has affirmed the strong credit rating for...
I wonder what you have to major in in college to become an astronaut.
NHL Stanley Cup Memorabilia from The Bradford Exchange Online
CC Ngozi Okonjo Iweala "Nigeria is rated BB- by both Standard & Poor’s and Fitch Ratings, well below investment grade, or “junk”.."
Celebrating our first 100 years For 100 years, Fitch Ratings has been making the future a little more predictab ...
SWITZERLAND Millions of Children to Be Protected from Deadly Diseases through Unique Global Vaccine Bond Issuance Geneva (WORLD BANK) – Millions of children in the world’s poorest countries stand to benefit from a US$ 700 million bond issue, whose proceeds will help fund immunization programs by the GAVI Alliance. The transaction – with buyers on five continents – was by far the largest by the International Finance Facility for Immunization (IFFIM) since its inaugural benchmark in 2006 raised $1 billion. Funds raised through the sale of IFFIM “vaccine bonds” support the GAVI Alliance, an innovative public-private partnership whose mission is to save children’s lives and protect people’s health by increasing access to immunization in the world’s poorest countries. Since GAVI was founded in 2000, it has helped immunize 370 million children, preventing 5.5 million premature deaths. “IFFIM is innovation at a global scale, linking investors and central bankers in Europe, the U.S., Middle Ea ...
More details on REITs: . The handy chart above, from a new note by Fitch Ratings, shows the process by...
Fitch Ratings upgraded CVG rating on outstanding revenue bonds to A- and said its outlook for the airport remains stable.
Elbegdorj's victory will lead to reduction in country's policy uncertainty, in FDI in mining and macroeconomics. Via Fitch Ratings
Fitch: Mongolia Election Makes Space for Greater Policy Clarity Incumbent Tsakhia Elbegdorj's victory in last week's Mongolian presidential election creates space for the authorities to reduce policy uncertainty, particularly around foreign investment in mining and macroeconomic management, Fitch Ratings says. This could potentially result in higher growth and improved fiscal performance and external finances, which would support Mongolia's sovereign credit profile. Elbegdorj's victory should consolidate the hold on power by the Democratic Party, the largest member of the coalition government. Elbegdorj received slightly more than 50% of the vote, avoiding a run-off vote. DP members will now hold all major political posts ahead of the next parliamentary elections in 2016. A period of political stability could allow the Mongolian authorities to clarify their plans for the country's mining regime through a new mining law, and its foreign investment regime through amendments to existing laws. These key polic ...
Investors urged to review income fund strategies: Fitch Ratings has urged investors to review carefully the inv...
Fitch Ratings affirms IOI Corp's Issuer Default Rating at BBB+. Outlook is stable
2 June 13 US June ISM manufacturing came in at 50.9 versus a market expectation of 50.5 ,while prices paid registered a reading of 52.5 against a market poll of 50.5. The manufacturing ISM index indicates expansion in manufacturing output. The new orders index, the most leading component, rose to 51.9 from 48.8 in May. Production to 53.4 from 48.6, inventories to 50.5 from 49.0, and supplier deliveries to 50.0 from 48.7. However, the employment index fell to 48.7 from 50.1. Construction spending rose to 0.5% m/m vs 0.6% cons, 0.1% revised from 0.4%. EUR: Spain's June manufacturing PMI rises to 50.0 from 48.1 in May, highest since April 2011. The Italian June manufacturing PMI came in at 49.1 against a consensus of 47.8, while German final June PMI manufacturing falls to 48.6 from 48.7 prior. Cyprus finished exchanging EUR1 bn of debt for longer-term bonds to become the second Eurozone country to restructure its sovereign debt, as signaled on last Thursday. Now that the transaction is done, S&P and Fitch . ...
I cannot believe that the govt are trying to decide to increase the rate for students loan or not and we are going into more debt just because we want to have a college degree. I just wish out govt give us more options on how to pay for our school. Yes some of us do have VR support and some don't. And I know that I am not done with school yet. I feel bad for some of those students who are struggling to get money to pay for school and they will have hard time to pay back. I have struggled to get VR support for 4 years and I finally got it. I just wish that there are are scholarships and grants to support for these future students. I know that this sounds really bad but why cant celebrities donate money to schools and colleges for people who really work hard to earn their degree. Why pay so much money on fancy cars and fancy homes. sometimes they do not realized that we are having hard time to find jobs and earn a living. when I am dead, and I still owe money to the govt, don't knock on my casket
Fitch Ratings Upgrades Outlook for City of Tacoma - Fitch Ratings has revised its outlook for the City of Tacoma...
Figures to be published on Tuesday by Fitch Ratings point to a weakening home loan market nationally
Cobb AAA Rating Reaffirmed by Standard and Poor's, Moody's and Fitch Ratings -
Fitch Ratings are looking for Trainee Analysts for their October '13 intake
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Fitch Affirms Ratings for 2 Canadian Mortgage Covered Bond Programs: New York — Fitch Ratings has affirmed the...
Want to know why Fitch Ratings reaffirmed New York Life’s financial strength rating as AAA—the highest rating possible? Here are some of t…
USA’s AAA outlook bad: Fitch Ratings on Friday affirmed the United States’ top-level credit rating at AAA but...
Fitch affirms U.S. AAA rating but outlook still negative: New York (Reuters) - Fitch Ratings on Friday affirmed...
“Fitch Ratings says it expects that levels of consumer indebtedness may prolong the recovery of the asset quality of SA’…
How do you feel about Obama now? FACT: Health insurance costs set to spike - according to a WSJ report, healthy individuals w/o corporate or government plans (about 20% of the population) could see their insurance rates double or even triple later this year while those w/preexisting conditions should find coverage become more affordable. WSJ US credit rating - Fitch Affirms United States at 'AAA'; Outlook Remains Negative.
Euro – European Markets “Risk on” sentiment following fairly resilient manufacturing PMI releases across major European economies has arrested the decline in single currency against the US Dollar in today’s trading session. However, traders will keep an eye on the Euro zone unemployment report later today to ascertain whether the labour market showed any signs of improvement for May. Apart from the employment report, the Euro zone consumer price index due later today also remains a key event on traders’ radar. With Friday’s German consumer price inflation revealing an acceleration for June, today’s data will be keenly eyed to gauge inflationary pressures in the region. However, with inflation hovering well below the central bank’s target rate and unemployment woes showing no signs of abating, the ECB’s monetary policy meeting due later this week will garner market attention for decoding the central bank’s future policy moves. Meanwhile, in a noteworthy development, S&P and Fitch have d ...
Fitch affirms AAA rating for US but elevated debt keeps outlook negative: . Fitch Ratings on Friday affirmed t...
Afro Barometer/Cleen Foundation Report: Nigeria’s Economy Worse Under Jonathan The nation’s economy has further nosedived under the President Goodluck Jonathan-led federal government, lower than at any other time since 1999, a recent report has revealed. In a swift reaction, however, the presidency said that the performance of the economy cannot be measured by survey. The report is the outcome of a survey conducted by the CLEEN Foundation, a Nigerian non-governmental organisation, in collaboration with the Afrobarometer Network, a pan- African network of survey researchers and analysts, and the Centre for Democratic Development (CDD), Ghana. Presenting the report to newsmen yesterday, the vice-chairman of the CLEEN Foundation, Prof. Etannibi Alemika, disclosed that the current survey is the fifth in a series of surveys conducted from 1999 when the country regained her democracy. The recent Afrobarometer survey in Nigeria says that a majority of the citizens (67 per cent) describe the present economic ...
THE WORLD WE LIVE IN • THE CYPRUS MODEL IS THE MODEL • DOWNGRADES SHOW: EU DESTROYING CYPRUS AND GREECE THE CYPRUS MODEL IS THE MODEL June 29, 2013 • 10:10AM It is useful to look again at the Cyprus model, now that the summit meeting of the European Union has passed the bail-in. Formally the bail-in does not go into effect on an EU level until 2018. This is only legal sophistry, since the EU and especially the Eurozone have been operating in a completely lawless manner since the crisis began in 2008. This is best illustrated by the Cyprus model. Within Cyprus, the question of whether Cythe country was used as a guinea pig for the bail-in is a major topic of discussion. The Cyprus Mail today reported the comments of economist Mike Spanos, who said it was not, but was in fact the first to suffer from a policy which the EU had been planning since June 2012. "No, Cyprus was not an experiment for the bail-in," Spanos said. "The bail-in method was clearly defined in the European directive proposal of June ...
Did you know YOUR tax dollars are NOT protecting our wild horses? America, land of the free... But our INNOCENT NATIVE HORSES are victim's of...
ugh. good thing i woke up at 2am unable to get back to sleep (obsessed, in my half-dreaming state, that i had to get a copy of Philip K. *** s Radio Free Albemuth) for my 3.40 wake-up to get my 6am flight through Houston to San Jose (playing in Santa Clara tomorrow night), only to find the flight CANCELLED. now rerouted three hours later through Denver (always an improvement over GBush Intl), getting into SFO instead of SJO. now if i can just stay awake till the Denver flight...
Indian Automobile Industry Overview; April-May FY 2013-14 june 11, 2013 by arun aravindan 3 comments A total of of 2,968,201 vehicles were sold in India during the first two months of the financial year 2013-14, thus registering a feeble decrease of 0.64% as against same period of 2012-13. The sales stood at 2,987,438 in April-May for 2012. One of the key highlights of the year so far is the dip in sales of LCV Trucks by 2.38% as against the previous year. Slight growths were registered in two and three wheelers while the other segments posted declines. In terms of production two wheeler production increases by 18.10%, while passenger vehicle segment decreases by 10.25%. The two wheeler export segment is forced down to 16.50% due to weak demands while commercial vehicle suffered further blow as their exports decreased by 19.47% The recent fall of Rupee against Dollar, the increase in price for crude oil and fear of inflation will install bigger hurdles to the Indian automobile industry in the coming mont ...
Utah Governor Gary R. Herbert and Treasurer Richard K. Ellis announced yesterday the affirmation of the State’s AAA general obligation bond rating by all three bonding agencies – Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings. Utah is one of only nine states to earn a AAA bond rating by all three of the rating agencies, also known as a “triple-triple” rating. Utah’s history of AAA bond ratings dates back to 1965 when Standard & Poor’s initiated its rating system. The State’s AAA rating with Moody’s dates back to 1973, and the Fitch Ratings date back to 1992. The rationale for Utah’s ratings includes: • Economy growth and diversity. • Conservative debt and fiscal policies keeping debt levels at a moderate rate. • Timely action when addressing budgetary imbalances. • A history of taking action to close budgetary gaps and prioritized building reserves. • Successfully managed capital spending, especially for education and transportation.
Filipino companies and the rich don’t seem impressed by the 6.8 GDP growth rate in 2012, nor by the American rating agencies’ gushing reports that the Philippines has attained investment grade rank...
Like for a rate and date or pass from me and Chandler Fitch
Fundamental analysis Exchange rates are affected by a combination of many different factors. These factors always influence currencies at the same time. One of the biggest misconceptions of investors is that prices move based upon fundamental reasons when in fact prices move based upon the “perception” of fundamental reasons. Fundamental factors: 1. Economic indicators Output indicators: GDP growth rate, industrial production, retail sales – increases of these indicators signify growing economy and have positive impact on the national currency. Sentiment indicators: business and consumer sentiment – the higher are this indicators, the more optimistic the economic agents are, so the more they spend & invest, the stronger is the national economy and currency. Labor market indicators: unemployment rate, payrolls, employment/unemployment change, unemployment claims – the bigger is employment, the better for the national currency (the opposite with unemployment). Housing market indicators: building p ...
28 / 06 / 2013 News Roundup § Sri Lanka says improving economic statistics Sri Lanka is improving methods of compiling economic statistics but it was 'grossly groundless' to suggest that inflation is understated and gross domestic product overstated, the Central Bank said. – LBO § Sri Lanka People's Bank state exposure up, gold loans to be cut: Fitch Sri Lanka's People's Bank's exposures to the state and state enterprises has gone up in 2012, and the lender plans to cut exposure to gold backed loans, Fitch Ratings said confirming its 'AA+(lka)' rating. – LBO § Global concerns over the US tapering down its stimulus programme which has seen the Sri Lankan rupee weaken sharply as foreign investors exit from their Treasury bond holdings to short term Treasury bills was a little bit overdone and would not significantly impact Sri Lanka, a top economist said.– The Island § Access Engineering PLC, the leading value engineering and infrastructure development solutions provider in Sri Lanka, successf ...
The Philippines is growing faster than China, but some Filipinos feel it could do even better and are urging Philippine President Benigno Aquino III to redraft the protectionist constitution enacted on his mother's watch in the 1980s.
The FHWA now recommends that the city develop and implement a new transit stop plan for which the RTA can resubmit it's request to the new bus stops.
The real political risks Africa is not one country but a large continent (it is bigger than the US, China and all of Europe combined) with 54 very different sovereign states. Some African countries are as stable and transparent than some Western jurisdictions. For example, Mauritius is a full democracy according to the Economist Intelligence Unit report, it ranks ahead of France and Italy (which are classified as "flawed democracies" along with Botswana, Namibia, Cape Verde, Mali, Ghana, Lesotho and Benin). It is true that some countries in Africa suffer from riots, coups and contested elections. The Arab Spring and most recently instability in Mali, the Central African Republic and Sudan confirm that. It is also true that foreign and local investments are very sensitive to stability, and therefore political risk hinders growth. For example, the Kenyan Investment Authority (KenInvest) blamed the slump on security lapses in the country and Kenya's intervention in Somalia to explain the 61% drop ...
Minsheng Bank tells the story of Beijing's credit worries The funding crunch prompted by China's central bank was meant to teach a lesson to the Chinese banks that continue to embrace risky lending tactics. A look at the funding and loan figures at mid-sized lender China Minsheng Banking Corp. helps explain why the People's Bank of China (PBOC) made its move. The PBOC's refusal to inject cash into the money market system last week caused a spike in inter-bank lending rates. Suddenly, banks used to borrowing at 3 percent saw the rate at which their peers would lend to them jump as high as 25 percent. The move, which came as an economic slowdown weighs heavy on China's financial system, sent a clear and painful message to banks overly-reliant on short term funding: clean up your act. Over the last few years, Minsheng has tapped several lending methods to try and bolster its returns, including heavy usage of something called a reverse repo, which allows a bank to mask the amount of money it is putting at ris ...
TIME OT INVEST NOW At current levels, Javier said the market was trading at the same valuations as those seen last December, before the Philippines received sovereign investment-grade ratings from Standard & Poor’s and Fitch Ratings. Javier added that Tetangco’s speech was reassuring. “If you’re looking at a long-term horizon, the time to invest is now,” she said. Tetangco’s key message was that underlying Philippine fundamentals were solid and that safeguards had been built to ride out the volatility, indicating that there was no need to deviate from the current policy stance. This suggested that there won’t be a sharp rise in local interest rates even as the US Federal Reserve Bank unwinds the regime of easy money. “When the market is up, we experience irrational (buying) exuberance and when falling, there’s also irrational fear,” said First Metro Investments Corp. president Roberto Juanchito Dispo. “Yes, we’re experiencing net foreign selling but we’re seeing net local buying. ...
900,000 new jobs over 3 years, 600 peices of ground breaking legislation passed like the National Disability legislation, the Gonski School reforms, all done whilst running the toughest type of govt, a minority govt, in addition to 5.6% unemployment rate, and national debt under 6% of GDP, amoungst the lowest in the world, just to name a few achievments and yet Julia Gillard was attacked in the most aggressive and personal ways. What a sad bunch some of us are.
Renate and I are just starting grill season. Is such a thing worth telling the world ;). What you think guys: would a Bach meeting in the year of JSB's 330 birthday something you would be interested in? The director of the Bachhouse thoght that might be an idea?!
China’s efforts to rein in shadow banking, which contributed to the nation’s worst credit crunch in at least a decade, haven’t driven up costs for borrowers in at least one place: Wenzhou.
Study of Equine Abuse and Neglect Patterns Produces Surprising Findings Posted: June 25, 2013 by R.T. Fitch in Horse News, Horse Slaughter Tags: Equine Welfare Alliance, Horse, Horse Slaughter, John Holland, Laura Allen 16 Press Release from the Equine Welfare Alliance “..it certainly contradicts the theory that slaughter decreases neglect by culling “unwanted horses.” EWA (Chicago) – The Equine Welfare Alliance today released a statistical study on the rates of equine abuse and neglect across the US since 2000. The research examined equine abuse statistics from Colorado, Georgia, Idaho, Illinois, Maine and Oregon. Historical records of the number of cases of equine abuse and neglect from these states was correlated with three potential causes; the rate of equine slaughter (or lack of it), unemployment and the cost of hay. Surprisingly, the researchers found that the rate of abuse has been in decline in four of the six states since 2008. Five of the six states had shown a spike in abuse and neglec ...
Voting Rights Act, the side that has recently been trying to pass laws to suppress voting by African Americans are stating that it's a different world now and they don't need a law to protect voting. Yeah right...
What the Fed and the People’s Bank of China have learned from Alan Greenspan | 9Digg - What the web is talking about right now the global financial crisis hit, central bankers didn’t try to deflate asset bubbles. Instead, they just waited until they popped and tried to contain the damage and pick up the pieces. But that hands-off approach appears to be no longer in vogue. The evidence? Look no further than the most recent market upheaval, which was sparked by central banks in the world’s two largest economies doing their best to deflate bubblicious conditions in key financial markets. After a long period of accommodative policies, the People’s Bank of China essentially told the financial sector in a stern statement this morning not to expect the central bank to always be standing ready to bail them out with more liquidity. That warning came after a surge in short-term borrowing rates in government-controlled money markets that left many scratching their heads. Why is China’s government doing thi ...
Fitch: Indonesia Fuel, Rate Moves in Line with Policy Assumption Recent actions by Indonesian policymakers are a move towards cooling the economy and achieving a sustainable growth rate, Fitch Ratings says. Our assumption that the authorities would manage policy along broadly appropriate lines is one of the factors that supported Indonesia's upgrade to 'BBB-' in December 2011. This assumption remains an important element in our credit assessment. Indonesia's sovereign credit profile has benefitted from stronger and less volatile economic growth than its 'BBB' range peers. While the announced increase in administered fuel prices is a positive development, delivering a macroeconomic policy mix that delivers sustainable growth will be more important. Inflation and current account deficit developments suggest that for Indonesia this may be about 5.5%-6%. The emergence of a current account deficit last year, and inflation running at or above the top of Bank Indonesia's target range, had signalled the risk that ...
Philippine economic growth rate and credit rating upgrade not enough to keep unemployment down June 14, 2013by Ilda If you want to know how the Philippine economy is doing, you will find it hard to get a straightforward answer from the mainstream media. There’s enough spin to counteract every piece of bad news out there to do your head in. It seems the Philippine government is doing its best to project an image that things are coming up roses under the current administration. President Benigno Simeon “BS” Aquino would like everyone to believe that the country is on its way to Fat City and he wants to take the credit for it. Even if majority of the Filipino people didn’t understand what it all meant, the Fitch Ratings credit upgrade from BB+ to BBB- last April and the reported 7.8 percent first quarter economic growth that the Aquino minions kept bragging about were all music to their ears. But the reality is telling us something else. Only a few could see through the buzz around the Philippines be ...
Dear Senator Pryor: I received your email concerning horses slaughter. However, your comments concerning unwanted horses warrant attention. Since you were the one that brought up the legislation against serving up horse meat; I suggest that you not only look to our health, but to the unwavering fact that people are using the horse meat as a market for small enterprises in foreign countries that would be put to better use if the same money available from the government that is used to keep these wild horses (and unwanted horses in horrible feed lots that rival the worst of the slaughter markets conditions concerning the animals they keep until they are slaughtered), to propose the funding (and millions of dollars less in government spending) for a removal of the care of these wild horses and burros, the horses that seem to be "unwanted" (actual figures represent the horses that are thoroughbred horses that give birth, using another mare that has given birth as a milk mare, leaving the milk mare foal as a " ...
Fan?: Any of u moms don't vaccinate ur children? If so y not? --Admin Note-- Comment ONLY if the question applies to you. If it doesn't, please just skip it. Those who delayed, are welcome to comment as to why there are delaying or only doing select vaccinations. ~Cay~
Hi again, This second article is from the Wall Street Journal which our CEO makes two statements that I find enlightening, condescending and insulting. The first one. "He said he is working to fundamentally change employees' thinking about the company. "For far too long, we've operated this company as an airline: Airlines don't make money," Mr. Smisek said. He wants employees to view United as a business. "That means constantly looking at ways to do things smarter and less expensively." The second one. "But he said United can make progress toward creating a single corporate culture even without joint contracts. New contracts likely will only increase United's expenses." I will write a response to these two statements in the next couple of days. I need to cool off from them first. Please enjoy the rest of the article. Peace, Derek Bohon - President IAM Local Lodge 2765 derekbohonor (619) 890 - 9801 CHICAGO—After a year of operational and technical meltdowns at United Continental Holdings Inc., UAL -1.93% ...
Singapore: The Day Ahead SINGAPORE DAYBOOK:Falling car prices keep inflation under control. But core inflation, which strips away private transport costs, surpasses headline inflation [SINGAPORE] Singapore's core inflation outdid the headline inflation rate in May - a rare sight - as a fall in car prices last month was offset by steeper increases in food prices and services fees. The overall consumer price index (CPI) rose to 1.6 per cent year-on-year in May, after the inflation rate plunged to a three-year low of 1.5 per cent in April. Just shy of the 1.7 per cent consensus forecast May's headline inflation rate was kept low by a fall in car prices which sent private road transport costs tumbling 3.7 per cent year-on-year - its first decline since 2009. This did not surprise forecasters, since lower COE premiums in April were expected to feed into May's inflation with a lag. Car dealers had also adjusted prices after car loan curbs and a new tiered additional registration fee on vehicles were introduce . ...
China’s worst cash crunch in at least seven years is an indicator of shadow lending gone awry and a banking crisis may appear earlier than expected if liquidity remains tight, according to Fitch Ratings.
China's financial system may be in jeopardy, possibly facing an epic crisis, as shadow banking has grown out of control along with unprecedented credit expansion, and as capital costs rise.
RBI policy big letdown for realty sector: MCHI-CREDAI While the Reserve Bank of India on Monday maintained status quo in its mid quarter monetary policy on concern of inflation, real estate body MCHI-CREDAI expressed disappointment on the no-action. Must read: RBI Credit Policy: No rate cut; Subbarao says inflation has to fall first "The RBI's decision to keep the repo and CRR rates unchanged is letting the entire industries in general and housing industry in particular, down considering the slowdown in the economy. A cut in both the rates was the need of the hour as it would have led banks to bring down the rates and made home loans affordable to the buyers," said Vimal Shah, President, MCHI-CREDAI in a statement. Underscoring the need to revive gloomy investment scenario, Shah observed, a policy rate cut could have given the required succour to the customers at large. "Considering the past few cuts in the rates, Industry and home buyers were expecting the similar cut this time too. The unchanged rate .. ...
Amid China market stand off, calls for a more transparent central bank China's central bank rarely explains its actions in public and keeps markets guessing on policy, but the angst created by its stand off with banks in the money markets is prompting calls for it to change tack. The People's Bank of China (PBOC) let short-term interest rates spike to extraordinary levels this past week as it refused to inject funds into money markets. Some observers saw it as an attempt to force banks to stop channelling money into the informal banking sector, known as "shadow banking", which authorities worry is creating significant credit risks. For years, the central bank has made stability its watchword, which for the money markets meant it would always provide liquidity when cash conditions tightened. As the central bank is now standing back while banks scramble for cash, markets are left uncertain as to whether there has been a fundamental change in policy. In effect, there seems to be a competing policy objective, ...
Unions, student groups, and other organizations are calling for an International Day of Action to End Deathtraps to demand that Gap and Walmart take responsibility for the mass deaths of garment workers producing their clothes. For too long, our brothers and sisters in Bangladesh have worked long hours at a poverty wage rate of $37 per month, producing clothing in the factories that function as literal deathtraps. In April, the bottom of this broken business model fell out: over 1,100 garment workers perished in the Rana Plaza building collapse while producing apparel for multinational brands and retailers, marking the deadliest industrial disaster in the history of the garment industry. This latest tragedy brings the total number of garment workers who have died in preventable factory fires and building collapses in Bangladesh to 1,800 workers since 2005. In response to these catastrophes, unions and labor rights advocates have demanded that apparel companies sign the Accord on Fire and Building Safety i ...
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