Credit Rating

Lessons from Argentina and Barbados

Does history repeat itself? Can we avoid the need to practise forgiveness in investing? We are probably familiar with forgiveness in a religious sense, but what place does it have in investing? In 2016, Argentina returned to the international capital markets (after defaulting on US$95 billion of debt in 2001). The total size of the bond issue was originally planned to be US$15 billion (and was eventually upsized to US$16.5 billion). However, demand for the bonds neared US$70 billion.…

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S&P Global Raises Ghana Ratings To B From B- | General News

Rating agency, Standards and Poor’s (S&P) Global, has raised Ghana’s long-term local and foreign currency sovereign credit rating to ‘B’ from ‘B-.’ In a statement released on September 14, S&P Global said “the upgrade reflects our assessment that Ghana’s monetary policy effectiveness has improved, albeit from a low base, and will support the credibility of the inflation-targeting framework over the period.” It further cited the improving banking sector stability and lower inflation as factors that supported its view that the…

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S&P Global Raises Ghana Ratings To B From B- | General News

Rating agency, Standards and Poor’s (S&P) Global, has raised Ghana’s long-term local and foreign currency sovereign credit rating to ‘B’ from ‘B-.’ In a statement released on September 14, S&P Global said “the upgrade reflects our assessment that Ghana’s monetary policy effectiveness has improved, albeit from a low base, and will support the credibility of the inflation-targeting framework over the period.” It further cited the improving banking sector stability and lower inflation as factors that supported its view that the…

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S&P Global Raises Ghana Ratings To B From B- | General News

Rating agency, Standards and Poor’s (S&P) Global, has raised Ghana’s long-term local and foreign currency sovereign credit rating to ‘B’ from ‘B-.’ In a statement released on September 14, S&P Global said “the upgrade reflects our assessment that Ghana’s monetary policy effectiveness has improved, albeit from a low base, and will support the credibility of the inflation-targeting framework over the period.” It further cited the improving banking sector stability and lower inflation as factors that supported its view that the…

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S&P Global Raises Ghana Ratings To B From B- | General News

Rating agency, Standards and Poor’s (S&P) Global, has raised Ghana’s long-term local and foreign currency sovereign credit rating to ‘B’ from ‘B-.’ In a statement released on September 14, S&P Global said “the upgrade reflects our assessment that Ghana’s monetary policy effectiveness has improved, albeit from a low base, and will support the credibility of the inflation-targeting framework over the period.” It further cited the improving banking sector stability and lower inflation as factors that supported its view that the…

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S&P Global Raises Ghana Ratings To B From B- | General News

Rating agency, Standards and Poor’s (S&P) Global, has raised Ghana’s long-term local and foreign currency sovereign credit rating to ‘B’ from ‘B-.’ In a statement released on September 14, S&P Global said “the upgrade reflects our assessment that Ghana’s monetary policy effectiveness has improved, albeit from a low base, and will support the credibility of the inflation-targeting framework over the period.” It further cited the improving banking sector stability and lower inflation as factors that supported its view that the…

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S&P Global Raises Ghana Ratings To B From B- | General News

Rating agency, Standards and Poor’s (S&P) Global, has raised Ghana’s long-term local and foreign currency sovereign credit rating to ‘B’ from ‘B-.’ In a statement released on September 14, S&P Global said “the upgrade reflects our assessment that Ghana’s monetary policy effectiveness has improved, albeit from a low base, and will support the credibility of the inflation-targeting framework over the period.” It further cited the improving banking sector stability and lower inflation as factors that supported its view that the…

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Ghana’s Economic Fundamentals Are Stronger: We’ve Upgraded Her Credit Ratings From B- to B | General News

The global and international credit ratings agency, Standards and Poor (S&P) global has affirmed Ghana’s stronger macroeconomic fundamentals. The rating agency has upgraded Ghana’s credit score from ‘B’ minus to ‘B’ with a stable outlook. At the same time, they have revised Ghana’s transfer and convertibility(T&C) assessment to ‘B+’ from ‘B’. In it’s latest release on the credit ratings of Ghana on Friday, 14th September, S&P Global indicated that “The upgrade reflects our assessment that Ghana’s monetary policy effectiveness has…

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MARC affirms AAA rating on Sime Darby Plantation | Money

The logo of Sime Darby is seen at its headquarters in Kuala Lumpur February 7, 2018. — Reuters pic KUALA LUMPUR, Sept 15 — The Malaysian Rating Corporation Bhd (MARC) has affirmed Sime Darby Plantation Bhd’s (SD Plantation) corporate credit rating at AAA and the company’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AA-IS. MARC said SD Plantation had benefited from a one-notch rating uplift for implicit support from its major shareholder Permodalan Nasional Bhd…

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iShares MBS ETF(NYSE:MBB): MBS Are Back

Franklin Templeton Fixed Income Group’s Paul Varunok explains how MBS fit into the Fed’s future plans and gives his outlook for the asset class. Ten years ago, the United States was in the depths of a financial crisis that is still a sensitive topic for many borrowers who lost their homes and for many investors who saw their portfolios fall as the crisis spread across the globe. Before the crisis, the United States hadn’t experienced a national housing correction in…

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Stock market risk 10 years after Lehman, according to $736B fund CEO

Martin Gilbert can claim bragging rights as one of the people who called the 2008 financial crisis — or at least an important part of it. In a 2007 conference in Monaco, he warned about Wall Street’s affinity to collateralized debt obligations, or CDOs, the complex financial instruments that went down with the mortgage market. Ten years after the financial crisis, the co-CEO of Standard Life Aberdeen, a $736 billion asset manager and one of Europe’s largest, is flagging another…

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Manulife Financial Corp. – Strong Operating Performance And Attractive Pricing – Manulife Financial Corporation (NYSE:MFC)

Strong Operating Performance Core ROE of Manulife Financial Corp. (NYSE:MFC) has increased from 11.5% in 2Q 2017 to 14.0% in 2Q 2018. The company is expected to continue this upward path in ROE from a combination of healthy business performance and cost control. Core earnings grew across its business segments. Source: Company Slides New business value grew at a healthy 24% during the same period while core expenses increased by only 4%. New business value is the present value of…

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10 years of Lehman Brothers’ Bankruptcy: A timeline of decade-old crisis at defunct Wall Street giant

10 years of Lehman Brothers’ Bankruptcy: On September 15, Lehman Brothers filed bankruptcy, the record for the largest bankruptcy in the history of the United States even to date. (Image: Reuters) 10 years of Lehman Brothers’ Bankruptcy: The collapse of Lehman Brothers shook the financial markets worldwide a decade ago. The demise of the then 158-year-old Wall Street giant led to a challenging dilemma with regard to $619 billion worth of debt which Lehman held on its books from over 100,000…

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Jacksonville boosts credit rating, could save city millions

JACKSONVILLE, Fla. – The City of Jacksonville just got a big boost in its credit rating, which could save millions of dollars spent on projects, according to Mayor Lenny Curry’s office. Fitch Ratings Inc., one of the three main credit rating agencies, announced Friday that Jacksonville was given a Triple-A status. Formerly, the city had a Double-A status. In a statement, Curry called it a “tremendous win” for Jacksonville. The improved rating allows the city to borrow money at a…

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What does a recession mean for SA

What is a recession? A country enters into a technical recession when there is a decline in gross domestic product (GDP) for two consecutive quarters. GDP is the total value of all the finished goods and services produced within a country over a specified period of time. It is a measurement of economic activity and indicates how “healthy” a country’s economy is. Therefore, in an expanding economy GDP rises, and in a contracting economy GDP declines. As indicated in the…

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Ten things I wish I’d known as a fresher in Manchester

Your first year at university is an incredibly exciting time. You’re about to embark on a brand new stage of your life and it’s probably the first time that you’re going to live independently. All this can be very liberating, but with great freedom comes great responsibility. No one is expecting you to be as good as gold, but hopefully these tips can help to steer you in the right direction. 1. Don’t fall in love with the first guy/girl…

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