EMerging Equity
sovereign rating
Fitch Cuts Brazil’s Outlook To Negative Amid Fiscal Challenges
The outlook on Brazil’s credit rating was cut to negative by Fitch Ratings due to challenges in implementing fiscal adjustment amid a stalled economy, according to a statement released on Thursday. The ratings agency lowered its outlook on Brazil’s sovereign rating to negative from stable while keeping the country’s rating at BBB, which is the second-lowest investment grade. … Continue reading
Moody’s Cuts Russia’s Sovereign Rating To Junk, Expects `Deep Recession’ In 2015
Moody’s Investors Service downgraded Russia’s sovereign debt rating to junk status on Friday, assigning a rating of Ba1 — from its previous rating of Baa3 — with a negative outlook. Moody’s said in a statement the reason for the downgrade to junk status was due to impaired prospects for the nation’s economy, further erosion of fiscal strength and … Continue reading
20% Of Russian Banks Could Collapse In 2015, Vedomosti Says
Russia’s banking sector faces significant challenges in 2015 as an economic crisis broadens which may lead to nearly 20% of its banks collapsing this year, Russian business daily Vedomosti reported on Tuesday, citing Russian think tank the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF). This year, over 200 Russian banks could collapse due to a combination of bad loans and the … Continue reading
Revolution, Counter Revolution, And The Economic War In Venezuela
By William Camacaro and Frederick B. Mills Introduction: A Decisive Battle is at Hand In a speech outside the Miraflores palace on January 17, 2015, upon his return from a twelve day trip abroad, President of the Bolivarian Republic of Venezuela Nicolas Maduro Moros addressed an expectant crowd of well wishers. Seizing the moment in … Continue reading
Moody’s Downgrades Russia To Just Above Junk Level
Moody’s international ratings agency has downgraded Russia’s sovereign credit rating to Baaa3, which is just one notch above the non-investment grade. It follows similar moves from Fitch and Standard & Poor’s. The agency said the sharp decline in oil prices and Russia’s national currency – which could further undermine the country’s “subdued growth prospects” – … Continue reading
Nigeria’s Credit Rating Is Under Increased Pressure From Oil Plunge, Boko Haram
Nigeria’s sovereign credit rating is under increased stress amid the plunge in oil prices, which is compounded by violent attacks by the Boko Haram, according to Moody’s Investors Service, Bloomberg reports. Nigeria, which is Africa’s largest oil producer and also its largest economy, is falling under mounting pressure as violent attacks from the Boko Haram … Continue reading
Moody’s Says Russia’s GDP To Fall By 5.5% In 2015
Moody’s Investors Service, the international ratings agency, says that it expects Russia’s gross domestic product (GDP) to fall 5.5 percent in 2015, the ratings agency said in a statement on Thursday. The statement by Moody’s was featured in the agency’s downgrade of Armenia’s credit rating, whose government bond rating was cut to Ba3 from Ba2 in addition to the nation’s outlook being … Continue reading
More Pain Lies Ahead For Russia As S&P Downgrade To Junk Status Seen Likely
More pain may lie ahead for Russia in the short term as the nation’s sovereign credit rating is on the horizon of being downgraded into junk territory for the first time in over a decade. On Friday, Fitch Ratings downgraded Russia’s sovereign rating to ‘BBB-‘ (from BBB) – which happens to be the lowest investment grade … Continue reading
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