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Showing 71 - 80 of 177 results for "Fitch"

Derivatives broker MF Global in administration

RACHEL DAVIS  |  TUESDAY, 1 NOV 2011
... investing $6 billion in sovereign bonds issued by European countries. MF Global's credit rating was downgraded by Moody's and Fitch to junk after the losses were reported. As of last week, MF Global had a net exposure of $US6.29 billion in debt issued ...

Sounds like a plan

BENJAMIN ONG  |  MONDAY, 17 OCT 2011
... there's no mistaking the pressure placed by the snips, cuts and chops from credit ratings agencies. Standard & Poor's did a Fitch last week, cutting Spain's long-term debt credit rating from AA to AA minus. And while it was at it, it also cut BNP Paribas' ...

Market Wrap - Morning

AAP  |  TUESDAY, 11 OCT 2011
... 2.13 per cent to 3,161.47 points. Elsewhere in Europe, Milan rallied 3.67 per cent, despite news before the weekend that Fitch had cut credit ratings on Spain and Italy. Madrid shares increased by 1.07 per cent, Lisbon by 2.39 per cent, Zurich by 1.17 ...

Market Wrap - Morning

AAP  |  MONDAY, 10 OCT 2011
... economy added 103,000 jobs in September, which was better than markets forecasts. However, market sentiment soured after the Fitch agency downgraded its sovereign credit rating for Italy and Spain on Friday and said its long-term outlook for both countries ...

The good, the bad and the whatever

BENJAMIN ONG  |  MONDAY, 10 OCT 2011
... increase in August. That's the good news. Now for the bad. Credit ratings agencies are playing Edward Scissorhands anew. Fitch Ratings snipped Italy and Spain's credit ratings. Moody's cut the ratings of 12 UK banks citing the removal or lessening of ...

Market Wrap - Morning

AAP  |  TUESDAY, 13 SEP 2011
... exporters again feeling the most pain as the euro sank against the yen. After the closing bell Toyota's credit rating was cut by Fitch, which blamed the strong yen. The euro hit 104 yen in Tokyo trade, its lowest level since mid-2001, compared with 107.66 ...

Moody's does an S&P

BENJAMIN ONG  |  THURSDAY, 25 AUG 2011
... action back last May. Two, the recent downgrade only puts Moody's rating back in line with its rivals - Standard & Poor's and Fitch Ratings - that cut their Japan credit-ratings long before. Three, the bulk of Japanese government debt is funded internally ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 17 AUG 2011
... than expected industrial and housing data from the US, which boosted the risk-sensitive Australian dollar. Also overnight, Fitch Ratings said it would maintain its rating on US debt at the highest grade, AAA, and issued a "stable" outlook, meaning it ...

Greed is good

BENJAMIN ONG  |  THURSDAY, 11 AUG 2011
... what Standard & Poor's did to the USA that did it. The powers that be - Standard & Poor's, Moody's Investors Service and Fitch Ratings - later denied the rumour and re-affirmed France's 'AAA' rating. And so...we've come full circle back to the days of ...

Higher US interest rates possible on downgrade

ALISON BEVEGE  |  THURSDAY, 28 JUL 2011
... resilience to a single-notch downgrade but anything more could cause distress. Ratings agencies Moody's Investors Service and Fitch have both flagged a possible downgrade.