"A very high turnout might have enhanced the legitimacy of the return to military rule in domestic and international eyes, but we do not think economic policy, or Egypt's relations with GCC countries that have provided grants and loans following the removal of President Morsi, will be affected," the credit rating agency
When Britain was taken off negative outlook by the Standard and Poor's credit rating agency
in October 2010, following figures showing 0.8 per cent growth, Osborne also said it was a "vote of confidence" in his policies.
Summary: The German economy has taken its first step towards possibly being downgraded, after the credit rating agency
Moody's declared the outlook for the country's credit rating is negative.
Moody's, the credit rating agency
, last night downgraded 15 global banks which include Morgan & Stanley, Citi Bank, Bank of America and JP Morgan along with RBS, Barclays and HSBC in the UK.
According to the credit rating agency
's estimates, imported oil costs could rise 0.3 to 0.5 per cent for top refiner SK Innovation and 0.4 to 0.9 per cent for Hyundai Oil Bank, the fourth-largest refiner, if the South Korean government bans imports from Iran.
New York stocks ended moderately lower Friday on reports that a major credit rating agency
will downgrade several eurozone economies.
As part of the Sarbanes-Oxley Act, the SEC developed a report titled "Report on the Role and Function of Credit Rating Agencies in the Operation of the Securities Markets." Congress subsequently passed the Credit Rating Agency
Reform Act of 2006 (CRARA), which defines the term NRSRO and provides authority for the SEC to implement rules for registration, record-keeping, financial reporting, and oversight of CRAs.
The role of a credit rating agency
is to gauge the creditworthiness of organisations issuing debt instruments - such as corporate and government bonds - so that investors, banks, regulators and other market operators can use them to measure relative credit risk.
And no one seriously believes a European government-backed credit rating agency
would have an ounce of credibility.
Summary: DUBAI - Credit rating agency
Moody's downgraded the bonds of Dubai Holding Commercial Operations Group (DHCOG) on Monday, citing a deal with lenders to convert a $555 million revolving credit facility into a five-year term loan.
RIGA -- Latvia's upgrade to its credit rating from the international credit rating agency
Moody's Investors Service is a positive signal to international financial markets, said Prime Minister Valdis Dombrovskis (New Era), reported news agency LETA.
When a credit rating agency
is invited to rate takaful and retakaful insurance--which is happening with increasing regularity as their numbers grow--it has to consider the practical implications for its analysis of this Shariah-compliant concept of insurance.