pastebin - pastes related to rating

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BFW 11/25 13:16 Fitch Takes Ratings Actions on Portuguese Banks On Sovereign Cut

 BN 11/25 13:10 *MONTEPIO GERAL, BANIF IDR AFFIRMED BY FITCH   :BPI PL, CXGD PL

 BN 11/25 13:09 *BANCO BPI CUT TO BB+ FROM BBB- BY FITCH       :BPI PL, CXGD PL

 BN 11/25 13:09 *CAIXA GERAL, BANCO COMERCIAL PORTUGUES CUT TO BB+ BY FITCH  BN 11/25 13:08 *FITCH TAKES RTG ACTIONS ON PORTUGUESE BNKS AFTER SOVEREIGN

 

 

 

X-S&P Keeps Hungary Ratings On Watch Negative

2011-11-24 17:28:02.697 GMT

 

LONDON (Standard & Poor's) Nov. 24, 2011--Standard & Poor's Ratings Services today maintained its CreditWatch on the 'BBB-/A-3' foreign- and local-currency sovereign credit ratings on the Republic of Hungary. The ratings were initially placed on CreditWatch with negative implications on Nov. 11, 2011.

 

The 'BBB-' long-term rating on the National Bank of Hungary will also remain on CreditWatch with negative implications for the same period.

 

The CreditWatch status reflects our view of the likelihood of a downgrade if economic growth prospects and fiscal and external performance are impaired by weaker predictability and credibility of Hungary's policy framework. However, the terms of an IMF/EU program, particularly one including a financing package, may head off those policy consequences.

 

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BFW 11/24 11:11 Portugal Cut by Fitch to BB+ From BBB-; Outlook Negative BFW 11/24 10:59 Fitch Downgrades Portugal to ‘Bb+’ From ’Bbb-’; Outlook  BN 11/24 11:08 *PORTUGAL CUT TO JUNK BY FITCH; NOW RATED BB+, OUTLOOK NEGATIVE  BN 11/24 11:04 *FITCH SEES PORTUGAL DEBT RISING TO ABOUT 110% OF GDP BY END '11  BN 11/24 11:02 *FITCH SEES PORTUGAL MEETING DEFICIT TARGET OF 5.9% THIS YEAR

 BN 11/24 11:01 *FITCH SEES PORTUGAL GDP CONTRACTING BY 3% IN 2012     :1174Z PL

 BN 11/24 11:01 *FITCH CITES FISCAL IMBALANCES, HIGH INDEBTEDNESS IN PORTUGAL  BN 11/24 10:59 *PORTUGAL CUT BY FITCH TO BB+ FROM BBB-; OUTLOOK NEGATIVE  BN 11/24 10:59 *FITCH DOWNGRADES PORTUGAL TO 'BB+' FROM 'BBB-'; OUTLOOK NEG  BN 11/24 10:58 *FITCH DOWNGRADES PORTUGAL TO 'BB+' FROM 'BBB-'; OUTLOOK NEGATIV  BN 11/24 10:58 *FITCH DOWNGRADES PORTUGAL TO 'BB+' FROM 'BBB-'; OUTLOOK

 

 

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Fitch Publishes Special Report on French Public Finances

 

 

FITCH PUBLISHES SPECIAL REPORT ON FRENCH PUBLIC FINANCES

Link to Fitch Ratings' Report: French Public Finances

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=656509

Fitch Ratings-London-23 November 2011: Fitch Ratings has published a Special Report on French Public Finances, examining the implications for the government deficit and debt, and France's sovereign credit profile, of weaker economic growth and the potential contingent liabilities arising from the intensification of the eurozone crisis.

According to Fitch, the recent adoption of new fiscal measures by the French government has enhanced the credibility of the government's consolidation program. However, additional measures are still likely to be necessary if the 3% of GDP deficit target is to be achieved by 2013, with Fitch projecting the deficit in 2013 to be around 4% of GDP. In Fitch's baseline scenario, the debt to GDP ratio will peak at 91.7% in 2014, in line with projected peak debt levels for France's main 'AAA' peers and consistent with France retaining its 'AAA' status.