The Italian economy is likely to achieve only slow growth of less than 1% of GDP per year over 2016-2018, according to a report from S&P Global Ratings. “We don’t expect the Italian economy to return to its pre-crisis output peak before the middle of the next decade because productivity remains very depressed. Italy is […]
Portugal’s economic recovery will decelerate in 2016, primarily due to a slowdown in exports and investment activity, according to Standard & Poor’s. The rating agency has kept the Portuguese debt rating at BB+, and gave it a stable outlook. Despite economic growth during 2014-2015, S&P expects real GDP growth in Portugal to weaken to about 1.2% in […]
Standard & poor’s Global Ratings (S&P) has introduced a Brexit Sensitivity Index (BSI) among the countries seen as be the most vulnerable to the negative impact of a potential UK exit from the EU. In a survey of 20 countries most exposed to a potential UK exit from the EU compiled by S&P, Ireland, Luxembourg, Malta, and […]
By David Kelly, Chief Global Strategist, JP Morgan Asset Management This week will see US earnings season start in earnest with 35 S&P 500 companies reporting. Expectations are modest with analysts now forecasting an operating earnings number of $28.45, down 3.9% from a year ago. This follows year-over-year declines of 5.3%, 5.5% and 10.9% over […]
Yann le Pallec, EMEA head of Standard & Poor’s Ratings Services, has addressed 10 of the most common misconceptions about credit ratings.
Taron Wade, associate director, Corporate Ratings, and Alexandra Dimitrijevic, managing director, Standard & Poor’s Ratings Services see different sources of funding for Europe’s middle-sized companies.
Rating agency Standard & Poor’s has cut today its industry assessment on Spanish banks, warning of a worsening economic backdrop, including a weaker public sector and riskier private sector hurt by recession, austerity measures and unemployment.
Ratings agency Standard & Poor’s has cut the rating of 15 Spanish banks, among which Spain’s largest lenders Banco Santander and Banco Bilbao Vizcaya Argentaria SA.
Following Standard & Poor’s decision to downgrade Spanish sovereign debt, the risk of a collateral shortfall in markets has increased again after the regulatory boost to ‘safe assets’ by new requirement for OTC derivatives transactions, advisory firm Rule Financial warned.
Frank Øland, senior economist at Danske Markets, says the announcement last night of a downgrade in Spain’s sovereign credit rating by Standard & Poor’s was likely to have come as a surprise to investors who were waiting for a possible downgrade by Moody’s.
Rating agency Standard & Poor’s has lowered its long-term sovereign credit rating on Spain to BBB- from BBB+, with a negative outlook on the long-term rating of the country.
iShares, the exchange traded funds (ETF) platform of BlackRock, has launched the iShares global government AAA-AA capped bond fund, the first ETF to offer exposure to top rated global rated government bonds.