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Ask The Experts: Finding Safety in Investment-Grade Debt
 
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Dianna Enlund, Product Manager of Asian Fixed Income at Schroder Investment Management, shares with Fundsupermart her views on investment-grade debt and how the Schroder Asian Premium Bond Fund is positioned to withstand the current volatile markets.
Views: 377 FSMOne
Cheap Financing and M&A Propels Investment Grade Debt
 
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In a climate of cheap funding and jumbo M&A transactions, investment grade corporate debt has soared to record levels. We look at the industries and types of deals driving issuance. http://buff.ly/2jyfGZM
Views: 36 Dealogic
Maldives’ Chinese debt and political risk could lead to trouble in paradise
 
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This video shows you that Maldives’ Chinese debt and political risk could lead to trouble in paradise. Support Us: Power Bank: https://amzn.to/2M1HHqi Sony Headphone: https://amzn.to/2Qa0KlC Redmi 5: https://amzn.to/2wHzXUw A victory for President Abdullah Yameen in a Sunday election in the Maldives could ramp up pressure on its finances, as the government stays the course on a Chinese-backed infrastructure boom that is in danger of swamping the economy. The Maldives under Yameen has grown closer to China - to the alarm of traditional ally India - with China funding roads, bridges and an extension to the international airport as part of its Belt and Road Initiative (BRI) of infrastructure projects in almost 70 countries from Mongolia to Montenegro. But a Chinese takeover of a port in neighbouring Sri Lanka and problems in several other countries have led to fears the initiative is a debt trap to hook countries into China's sphere. China dismisses that. Yameen is seeking a second five-year term in the Indian Ocean archipelago known for its sun-kissed tourist beaches and diving. His main rivals have been jailed on charges ranging from terrorism to attempting to topple the government, leading to doubts abroad about the legitimacy of the vote. The Maldives, a small economy heavily reliant on tourism, is one of the most at-risk countries of any involved with the BRI to the distress of debt, said the Center for Global Development, a Washington D.C.-based think-tank tracking the initiative. The center, using publicly available information, estimates China’s loans to the Maldives at $1.3 billion – more than a quarter of its annual gross domestic product. An exiled former prime minister, Mohamed Nasheed, who wants to renegotiate the deals with China, told Reuters in June the loans could be more than $2.5 billion, without citing his source. Scott Morris of the Center for Global Development said China's loans gave it a dominant role. "That raises concerns to have such a dominant role being played by another government,” Morris told Reuters. “You have to think about what happens in a case of distress – who calls the shots in that situation. China is not bound by the kinds of standards that other major creditors are.” The two ratings agencies covering the country, Fitch and Moody’s, both rate the Maldives as sub-investment grade, and the World Bank and the International Monetary Fund see a high likelihood of distress if current spending continues. Moody’s cut its outlook to “negative” in July, citing the boom in infrastructure spending as a cause for concern. "They have a massive infrastructure programme and, as part of that, they have been raising debt,” Anushka Shah from the rating agency told Reuters. “There has been a big increase in debt since the infrastructure projects started." Read Full Article On: https://economictimes.indiatimes.com china border, china economy vs indian economy, china india, chinese air force vs indian air force, dokkan, doklam standoff, india and china, india and china border, india border, india china border, india china border dispute, india china conflict, india china economy, india china military, india china relations, india vs china, india vs china economy, indian army vs chinese army, indian navy vs chinese navy #GlobalConflict, #DefenceNews #IndianDefenceNews ====================================================================================================== DISCLAIMER: Each and every content used in this video is not imaginary. All are taken from reputed news agencies. This video doesn’t meant to hurt anybody's personal feelings,beliefs and religion. We are not responsible for any of these statements used in this video. If you have any suggestion or query regarding this video, you can contact me on YouTube personal Message and you can send me message in my Facebook page. Thank you & regards Global conflicts ====================================================================================================== Channel Link: https://www.youtube.com/c/Globalconflict7 Facebook: https://www.facebook.com/GlobalConflict7/ Fan Page: https://www.facebook.com/globalconflict/ Twitter: https://twitter.com/Gl0balC0nflict ======================================================================================================
Views: 197 Global Conflict
Investment Grade Bonds
 
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One asset class we use to help us manage risk is Investment-Grade Bonds. Bonds are debt instruments requiring borrowers to make periodic interest and principle payments over the life of the bond. Learn more about this asset class.
Views: 55 TCDRSChannel
FIX YOUR LIFE AND GET OUT OF DEBT! 💰 Break Out Of The Lower Class
 
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FOLLOW ME ON INSTAGRAM FOR DAILY MOTIVATIONAL CONTENT ✔️ @ryanscribnerofficial _______ Ready to start investing? 🤔💸 BETTERMENT: "Passive investing, they manage everything for you." 📈 http://ryanoscribner.com/betterment STASH: "Round up your spare change and invest automatically." 💰 http://ryanoscribner.com/stash ROBINHOOD: "Invest in individual stocks commission free." 🏹 http://ryanoscribner.com/robinhood FUNDRISE: "Passive real estate investing, 8 to 11% returns." 🏠 http://ryanoscribner.com/fundrise M1 FINANCE: "Invest in partial shares of stocks like Amazon." 📌 http://ryanoscribner.com/m1-finance LENDING CLUB: "Become the bank and make interest on loans." 🏦 http://ryanoscribner.com/lending-club COINBASE: "Get $10 in free Bitcoin (when you fund $100)." ⭐ http://ryanoscribner.com/coinbase _______ Want more Ryan Scribner? 🙌 FREE INVESTING COURSE ▶︎ http://ryanoscribner.com/free-course FACEBOOK GROUP FOR ENTREPRENEURS ▶︎ https://www.facebook.com/groups/164766680793265/ COURSE CREATION COMPANION ▶︎ http://ryanoscribner.com/course-creation-companion LIKE MY FACEBOOK PAGE ▶︎ https://www.facebook.com/ryanoscribner/ PASSIVE INCOME MASTER CLASS ▶︎ http://ryanoscribner.com/passive-income _______ Premium Educational Programs 🧐 PRIVATE STOCK MARKET INVESTING SITE 📊 http://ryanoscribner.com/stock-radar STOCK MARKET INVESTING COURSE 📈 http://ryanoscribner.com/stock-market-investing-course _______ ★☆★ WEEKLY STOCK RADAR GIVEAWAY! ★☆★ Each week, I will be giving away a free membership to Stock Radar. I will be picking one person who does any of the following 👇 1️⃣ LIKE MY FACEBOOK PAGE https://www.facebook.com/ryanoscribner/ 2️⃣ ADD ME ON INSTAGRAM https://www.instagram.com/ryanscribnerofficial/ 3️⃣ COMMENT #StockRadar ON ANY OF MY VIDEOS _______ Ready to keep learning? 🤔📚 My Favorite Personal Finance Book 📘 https://amzn.to/2NiyDiz My Favorite Investing Book 📗 https://amzn.to/2KEyd7D My 2nd Favorite Investing Book 📗 https://amzn.to/2tZmxBU My Favorite Personal Development Book 📕 https://amzn.to/2KJKgRn Not a fan of reading? Join Audible and get two free audio books! ❌📚 http://ryanoscribner.com/audible _______ DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. (Send me something) Scribner Media LLC PO Box 641 Ballston Spa, NY 12020 Support the channel with a donation... BTC = 1BRJhB1nuTum9sZ5huBbJwmq66Lqw7Tcac ETH = 0x9A760ef81625Ff32E0A1245F2B5D2d4aEE9E6543 LTC = LQTn2XdpKxJf527ZvYT4xXTnix7BTtXwqg
Views: 24595 Ryan Scribner
Short Term High Yield Bonds
 
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The current low interest rate environment means that bond investors have to take more risk in order to gain an attractive return on their invested money. The current low interest rates also present a risk that if interest rates and inflation rise in the future, then bond prices may fall and portfolios could suffer losses.
Views: 6726 hubbis
24 Oras: Debt rating ng Pilipinas, posibleng itaas ng Moody's sa Investment Grade
 
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24 Oras is GMA Network's flagship newscast, anchored by Mike Enriquez and Mel Tiangco. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanetwork.com/24oras. GMA News Online: http://www.gmanews.tv Facebook: http://www.facebook.com/gmanews Twitter: http://www.twitter.com/gmanews
Views: 570 GMA News
Debt Buyers: Last Week Tonight with John Oliver (HBO)
 
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Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it! Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 12301161 LastWeekTonight
JP Morgan Analyst Discusses REIT Debt Levels, Investment Grade Ratings
 
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Mark Streeter, managing director at JP Morgan Chase, joined REIT.com for a video interview during REITWise 2014: NAREIT's Law, Accounting and Finance Conference held in Boca Raton, Fla. Streeter was asked about appropriate debt levels for REITs and how the industry as a whole performs in this area. He noted that since the financial crisis, the REIT industry has been more focused on the metric of debt to earnings before interest, taxes, depreciation and amortization (EBITDA). "The debt-to-EBITDA metric is more comparable across sectors, and that's been driven in part by the desire by investors and the ratings agencies to really compare REITs to the broader market," Streeter said. He added that the right level of leverage is dependent on the asset class. "You really need to drill down to where the asset's valued on an equity basis" to determine the appropriate amount of leverage that the market valuation can support, Streeter said. Streeter also commented on the merits of obtaining an investment grade rating. "I think most of these REITs are focused on running now with investment grade credit ratings. We're up to 60 names that are actively issuing in the bond market right now and have pursued investment grade credit ratings, and there's still a pipeline of many more names that are looking to tap the market," Streeter observed. "Most REIT CFOs are very focused on having access to public and private capital, secured and unsecured, just like they're focused on having access to public and private equity... I think it's the most prudent strategy to have a rating," Streeter said. "We've seen many, many new names come to the market recently. There's been a whole host of new REITs to the market that have really benefitted from having that access and having that credit," he added. Streeter also said he is trying to keep investors focused on the fact that from a credit perspective, the REIT industry continues to perform well. "The bonds don't default. They're basically worth par. You have very protective covenants. It's a very unique asset class in the investment grade credit market," he pointed out. By Sarah Borchersen-Keto
Views: 359 Nareit1
Moody's keeps SA above investment grade
 
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There's relief among South Africans as rating agency Moody's has kept the country's sovereign debt at above investment grade. Moody's has kept the credit rating at B-double-A-three, hovering one notch above junk status. For more news, visit: sabcnews.com
Views: 344 SABC Digital News
Careers in Debt Capital Markets (DCM) @ BNP Paribas CIB
 
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Careers in Debt Capital Markets (DCM) @ BNP Paribas CIB BNP Paribas Corporate & Investment Banking At BNP Paribas CIB, the DCM division includes : * energy & commodity financing * export & trade finance * media & telecom finance * real estate finance * leveraged finance * loan syndication & trading (securitized loans) * shipping finance * optimization & structured leasing * project finance. The bank of choice for issuers Corporate, financial and public-sector issuers worldwide have chosen BNP Paribas as their partner in the international capital markets. Our broad-based strength includes: - Investment Grade & High Yield - Financial Institutions - Sovereigns, Supranationals & Agencies - Hybrid Capital BNP Paribas is quite new in securitization and fixed income but has the potential to become a market leader on its way.
Views: 14529 QUANT GEN
"Something Unusual Is Happening" - The High Yield Of Investment Grade Debt
 
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"Something Unusual Is Happening" - The High Yield Of Investment Grade Debt This video is for entertainment purposes only All videos belong to and are credited to their rightful owners. No copyright intended. For removal of video or request to not use your video in future videos, please email Hope you enjoyed this video! ------------------------------------- ▶ Source:Zerohedge.com
Views: 2 Zero
What is HIGH YIELD DEBT? What does HIGH YIELD DEBT mean? HIGH YIELD DEBT meaning & explanation
 
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What is HIGH YIELD DEBT? What does HIGH YIELD DEBT mean? HIGH YIELD DEBT meaning - HIGH YIELD DEBT definition - HIGH YIELD DEBT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade. These bonds have a higher risk of default or other adverse credit events, but typically pay higher yields than better quality bonds in order to make them attractive to investors. Sometimes the company can provide new bonds as a part of yield which can only be redeemed after its expiry or maturity. The holder of any debt is subject to interest rate risk and credit risk, inflationary risk, currency risk, duration risk, convexity risk, repayment of principal risk, streaming income risk, liquidity risk, default risk, maturity risk, reinvestment risk, market risk, political risk, and taxation adjustment risk. Interest rate risk refers to the risk of the market value of a bond changing due to changes in the structure or level of interest rates or credit spreads or risk premiums. The credit risk of a high-yield bond refers to the probability and probable loss upon a credit event (i.e., the obligor defaults on scheduled payments or files for bankruptcy, or the bond is restructured), or a credit quality change is issued by a rating agency including Fitch, Moody's, or Standard & Poors. A credit rating agency attempts to describe the risk with a credit rating such as AAA. In North America, the five major agencies are Standard & Poor's, Moody's, Fitch Ratings, Dominion Bond Rating Service and A.M. Best. Bonds in other countries may be rated by US rating agencies or by local credit rating agencies. Rating scales vary; the most popular scale uses (in order of increasing risk) ratings of AAA, AA, A, BBB, BB, B, CCC, CC, C, with the additional rating D for debt already in arrears. Government bonds and bonds issued by government-sponsored enterprises (GSEs) are often considered to be in a zero-risk category above AAA; and categories like AA and A may sometimes be split into finer subdivisions like "AA-" or "AA+". Bonds rated BBB- and higher are called investment grade bonds. Bonds rated lower than investment grade on their date of issue are called speculative grade bonds, or colloquially as "junk" bonds. The lower-rated debt typically offers a higher yield, making speculative bonds attractive investment vehicles for certain types of portfolios and strategies. Many pension funds and other investors (banks, insurance companies), however, are prohibited in their by-laws from investing in bonds which have ratings below a particular level. As a result, the lower-rated securities have a different investor base than investment-grade bonds. The value of speculative bonds is affected to a higher degree than investment grade bonds by the possibility of default. For example, in a recession interest rates may drop, and the drop in interest rates tends to increase the value of investment grade bonds; however, a recession tends to increase the possibility of default in speculative-grade bonds.
Views: 74 The Audiopedia
Morgan Stanley Wealth Management's Jon Mackay says investment grade debt is more vulner...
 
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MORGAN STANLEY WEALTH MANAGEMENT'S JON MACKAY SAYS INVESTMENT GRADE DEBT IS MORE VULNERABLE TO RISING RATES THAN IT'S BEEN IN 30 YEARS AND IS FINDING MORE OPPORTUNITY IN HIGH YIELD ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING: So where do you tell clients to go in investment grade? JON MACKAY, SENIOR FIXED INCOME STRATEGIST, MORGAN STANLEY (ENGLISH) SAYING: So currently we're telling investors to stay short duration, that's a trade that worked really well last year, basically below benchmark duration. I think as we progress through this year, what we're going to start recommending clients do, and we've talked about this a little bit, I still think it's early days for this, is start moving some of that money out of your short duration bonds into longer duration bonds. So it doesn't mean you'll buy all 30-year bonds but maybe buying 10- to 15-year corporates or buying callable agencies that go out about 20 years but because of that call, they're shorter duration in nature or maybe it's 20- to 30-year kicker bonds and munis. So you're building a little bit of duration in your portfolio. It sounds weird in a rising rate environment. But essentially what we think is going to happen is the curve will flatten, meaning short rates will rise more than long rates in total. So the real risk is at the front end, so short today but moving towards a longer duration portfolio as we move through this year. ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING: And there are some sectors you like as well on corporates. JON MACKAY, SENIOR FIXED INCOME STRATEGIST, MORGAN STANLEY (ENGLISH) SAYING: Correct. In corporates, because of the inflation science starting to brew, we think what investors should be doing is focusing on sectors that can pass through those costs to consumers. So energy would be one sector. Financials tend to benefit as rates rise because they collected bigger net interest margin. Food and beverage companies, I think it's a better play probably in equities but looking for areas you might get an opportunity in bonds, I think those are some of the sectors we would focus on or it's bonds that structurally will pay you a higher rate of interest as inflatio...
Views: 615 Market Screener
What is a high yield bond?
 
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When is "junk" valuable? When there's high yield to be had, of course. Paddy Hirsch explains this potentially riskier, potentially more rewarding end of the bond market, which has famously backed many of the biggest leveraged buyouts and aggressive M&A deals ever undertaken. For more news, analysis, and trends on the high yield bond market check out http://www.highyieldbond.com, a free site powered by S&P Capital IQ/LCD to promote the asset class. You can also check out http://www.leveragedloan.com for news and analysis on that market, and LCD's Leveraged Loan Market Primer/Almanac, a free guide detailing quarterly market and historical trends, as well as market mechanics. http://http://www.leveragedloan.com/primer/ Follow LCD Twitter http://www.twitter.com/lcdnews Facebook https://www.facebook.com/lcdcomps LinkedIn https://www.linkedin.com/grp/home?gid=2092432 Follow Paddy Hirsch http://www.twitter.com/paddyhirsch
Views: 11006 LCDcomps
Credit Market Update – Fall 2018
 
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Join Geof Marshall, Senior Vice-President and Portfolio Manager, as he provides an update on Signature fixed income solutions as well as insights on the global credit market landscape with a focus on investment grade, high yield, and emerging market bonds. Credit update - 0:14 Investment grade bonds update - 1:14 High yield bonds update - 2:44 Emerging market bonds update - 3:54 Asset class outlook - 5:40 Signature High Income and Diversified Yield Funds - 6:23 Signature Corporate Bond Fund - 6:58 Currency Hedging - 7:32 Other Signature Fixed Income Funds - 7:57 As summer wraps up and students head back to school, the Signature team is pleased to offer their own educational series. Back to School is a collection of videos that provide current views on the markets, from credit and rates to FX, commodities and equities. Watch these videos to gain valuable global insights from Signature's sector specialists and portfolio managers. IMPORTANT INFORMATION Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Investments Inc. and the portfolio manager believe to be reasonable assumptions, neither CI Investments Inc. nor the portfolio manager can assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise. ®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. ™Signature Global Asset Management and ™Signature Funds are trademarks of CI Investments Inc. Signature Global Asset Management is a division of CI Investments Inc. The contents of this piece are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed. A preliminary prospectus relating to CI Global Investment Grade Credit Private Pool has been filed with certain Canadian securities commissions or similar authorities. You cannot buy units of the fund until the relevant securities commissions or similar authorities issue receipts for the prospectus of the fund. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Introduction to Emerging Markets Investment Grade Bonds
 
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Investing in emerging market debt doesn’t always have to be highly risky. VanEck’s Francis Rodilosso discusses emerging market investment-grade bonds.
Views: 79 Market Realist
Top 3 Credit Opportunity Debt Funds 2018 | 10 to 11% return | Best Debt Funds India
 
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Credit Opportunity funds or CROP funds are debt mutual funds that invest in investment grade debt securities with a lower than AAA credit rating. 2. The credit risk is taken for generating higher yield as lower the credit rating of a debt paper, higher the interest rates paid by the issuer
Maldives’ Chinese debt and political risk could lead to trouble in paradise
 
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A victory for President Abdullah Yameen in a Sunday election in the Maldives could ramp up pressure on its finances, as the government stays the course on a Chinese-backed infrastructure boom that is in danger of swamping the economy. The Maldives under Yameen has grown closer to China - to the alarm of traditional ally India - with China funding roads, bridges and an extension to the international airport as part of its Belt and Road Initiative (BRI) of infrastructure projects in almost 70 countries from Mongolia to Montenegro. But a Chinese takeover of a port in neighbouring Sri Lanka and problems in several other countries have led to fears the initiative is a debt trap to hook countries into China's sphere. China dismisses that. Yameen is seeking a second five-year term in the Indian Ocean archipelago known for its sun-kissed tourist beaches and diving. His main rivals have been jailed on charges ranging from terrorism to attempting to topple the government, leading to doubts abroad about the legitimacy of the vote. The Maldives, a small economy heavily reliant on tourism, is one of the most at-risk countries of any involved with the BRI to the distress of debt, said the Center for Global Development, a Washington D.C.-based think-tank tracking the initiative. The center, using publicly available information, estimates China’s loans to the Maldives at $1.3 billion – more than a quarter of its annual gross domestic product. An exiled former prime minister, Mohamed Nasheed, who wants to renegotiate the deals with China, told Reuters in June the loans could be more than $2.5 billion, without citing his source. Scott Morris of the Center for Global Development said China's loans gave it a dominant role. "That raises concerns to have such a dominant role being played by another government,” Morris told Reuters. “You have to think about what happens in a case of distress – who calls the shots in that situation. China is not bound by the kinds of standards that other major creditors are.” The two ratings agencies covering the country, Fitch and Moody’s, both rate the Maldives as sub-investment grade, and the World Bank and the International Monetary Fund see a high likelihood of distress if current spending continues. Moody’s cut its outlook to “negative” in July, citing the boom in infrastructure spending as a cause for concern. "They have a massive infrastructure programme and, as part of that, they have been raising debt,” Anushka Shah from the rating agency told Reuters. “There has been a big increase in debt since the infrastructure projects started." Fitch rates its outlook as "stable", but also cautioned over rising debt in its last update on the country in May. Yameen has brushed off worries. "The international community believes the Maldives can settle the debts,” he told a question and answer session organised by the Maldives National University on Sunday. “We are bringing foreign investment that is the biggest the country has seen.” He declined to comment further when contacted by Reuters. POLITICAL RISK :: The Maldives’ economy has grown by an average of 6 percent a year for the last five years, buoyed by tourism and construction, according to Fitch. But both ratings agencies urged investors to be cautious in February after the Supreme Court freed political prisoners, against the wishes of Yameen, sparking a political crisis and leading several countries including China and the United States, to warm their citizens against travel there. "We take into account fairly elevated political risk in our rating,” said Shah. "Political tensions affect policy and could also have some spill-over into the tourism sector.” The political tension had little impact on visitor numbers, the government said, reporting that arrivals rose more than 10 percent year-on-year in the first seven months of 2018 - though visits from China, its biggest market, fell by more than 8 percent. The infrastructure boom is effectively a "bet" on being able to grow these numbers, said Morris. "But in the meantime, they have to be able Source :- ET Background Music :- bensound.com Disclaimer- This channel is for defence related news worldwide . We try to give you true news related to each and every aspects of defence . It is either country, defence weapon, air Force, army ,navy, military or anything we will try to fully explain . The content specially news we upload are taken from various news channels and media houses . we never claim it is 100 % on our behalf but we try to deliver you exact without rumours . our news is specially related to india . As India is a growing country specially in defence under narendra modi BJP government . Channel Link: https://www.youtube.com/DefenceTube Facebook Link: https://www.facebook.com/defencetube Twitter Link : https://twitter.com/DefenceTube Check my all playlist : https://www.youtube.com/defencetube/playlist
Views: 237 Defence Tube
South Africa currently has debt of about R1.8 trillion
 
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After Fitch Ratings downgraded the country's debt ratings to junk status last Friday, the Global financial service company J.P. Morgan, announced that South Africa will be excluded from its investment -grade emerging market bond indexes in late April. This announcement was made hours after South Africa was downgraded to junk status for the second time in a week. Standard & Poor's another Ratings agency downgraded the country to junk status before this. Moody's is also reviewing the country's credit status. This will shake investor confidence even more. Joining us in studio is Dr Azar Jammine, chief economist at Econometrix. For more news, visit: http://www.sabc.co.za/news
Views: 6937 SABC Digital News
Ratings agency Moody's affirms investment grade credit
 
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Ratings agency Moody's affirmed South Africa's government bond long and short term ratings and assigned a negative outlook. The investment grade credit rating affirmation marks an end to the review period that started on 8 March 2016, when Moody's placed the country's ratings under review for possible downgrade. Moody's noted that South Africa is approaching a turning point after several years of falling growth and that the 2016/17 budget and medium term fiscal strategy, will likely stabilise and eventually reduce general government debt.
Views: 330 CGTN Africa
High-yield debt
 
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High-yield debt In finance, a high-yield bond non-investment-grade bond, speculative-grade bond, or junk bond is a bond that is rated below investment grade These bonds have a higher risk of default or other adverse credit events, but typically pay higher yields than better quality bonds in order to make them attractive to investors Sometimes the company can provide new bonds as a part of yield which can only be redeemed after its expiry or maturity Contents 1 Risk 2 Usage 21 Corporate debt 22 Debt repackaging and subprime crisis 3 High-yield bond indices 4 EU Member-State Debt Crisis 5 See also 6 References 7 External links Risk The holder of any debt is subject to interest rate risk and credit risk, inflationary risk, currency risk, duration risk, convexity risk, repayment of principal risk, streaming income risk, liquidity risk, default risk, maturity risk, reinvestment risk, market risk, political risk, and taxation adjustment risk Interest rate risk refers to the risk of the market value of a bond changing due to changes in the structure or level of interest rates or credit spreads o High-yield debt Click for more; https://www.turkaramamotoru.com/en/high-yield-debt-11178.html There are excerpts from wikipedia on this article and video
Views: 8 Search Engine
Ray Dalio: Market Cycles, Financial Crisis and Populism (2018)
 
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An interview with billionaire investor and founder of the world's largest Hedge fund Bridgewater Associates, Ray Dalio. In this interview, Ray discusses market and debt cycles throughout history and their link to populism. Ray also talks about lessons he learnt from the 2008 finaical crash. 📚Books by Ray Dalio and his favourite books are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Stock Market Investor videos:⬇ Ray Dalio on Hedge funds, Success and Life/Work: http://bit.ly/RDVid1 Charlie Munger on Common sense and Investing:http://bit.ly/CMVid1 Billionaire James Simons: Conquering Wall Street with Mathematics:http://bit.ly/JSVidIA Video Segments: 0:00 Introduction 1:00 Biggest lesson from the financial crash? 1:50 What stage are we in today? 5:29 More serve next time? 5:55 Can policy makers avoid a crisis? 7:48 Do populism worries ease if there is good economic growth? 11:28 Would populism be different? 14:00 What will the stock market do? 16:06 What should the FED do? 16:40 China trade war? 21:17 Can we manage the debt? 22:24 How would you grade Hank Paulson? Ray Dalio Books 🇺🇸📈 (affiliate link) Principles: Life and Work: http://bit.ly/PrinciplesDalio A Template For Understanding Big Debt Crises:http://bit.ly/BigDebtCrises Ray Dalio’s Favourite Books🔥 The Lessons Of History: http://bit.ly/LessonsofHistory Security Analysis: Sixth Edition:http://bit.ly/Securityanalysis http://bit.ly/BigDebtCrises Interview Date: 11th September, 2018 Event: Squawk Newsmaker Original Image Source:http://bit.ly/RDalioPic9 Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising. #InvestorsArchive
Views: 3159 Investors Archive
Bloomberg: Philippines Investment Grade Raised by Fitch
 
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Fitch Raises Philippines to Investment Grade Bloomberg - Business, Financial & Economic News, Stock Quotes The Philippines has won its first-ever investment grade rating. The move by Fitch should cut borrowing costs and boost cash inflows. The ratings agency raised the nation's long-term foreign currency debt rating to BBB- from BB+. And while that might not sound very impressive, it moves the Philippines at par with India and Turkey, both of which have been investor darlings in recent years. The Philippines can certainly match some of their stats. The economy grew by 6.6% in 2012, driven by its mining, manufacturing, retail and outsourcing industries.
Views: 21692 LFL 2018
De Kock Doubts Greece Will Default or Restructure Debt
 
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May 20 (Bloomberg) -- Gabriel de Kock, an executive director at Morgan Stanley, talks about Greece's credit rating and the prospects of the country defaulting on its debt. Fitch Ratings cut Greece's rating to B+, four levels below investment grade, from BB+. De Kock speaks with Pimm Fox on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
Views: 286 Bloomberg
Investment Banking Areas Explained: Capital Markets
 
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Support us on Indiegogo and get early access to the 365 Data Science Program! https://igg.me/at/365-data-science-online-program Capital markets are one of the most fascinating areas of investment banking. Companies need these services when they are about to go public or want to issue debt sold to the public. When a company wants to raise equity, we talk about ECM, standing for Equity Capital Markets, and when it wants to raise debt, we talk about DCM, standing for Debt Capital Markets. On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 74223 365 Careers
U.S. Investment-Grade Technology Companies Remain Stable Amid Rising Debt
 
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Standard & Poor’s outlook for U.S. investment-grade tech companies remains generally stable overall despite the increased appetite for debt. In this CreditMatters TV segment, Director John Moore explains how debt issuance will continue to affect these companies in the coming months.
Views: 8 SPTVbroadcast
What to Buy When Stock & Bond Markets Crash
 
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Subscribe to stay up to date with the latest videos ► https://www.sbry.co/suBiH Episode 44 – What to Buy When Stock & Bond Markets Crash Buck and Porter welcome Dr. David “Doc” Eifrig to discuss his market forecast for the next six to nine months: a mini-boom as people receive and spend their last checks from Trump and Congress. Doc also tells you the one thing you need to watch for that could start a long overdue default cycle in bonds, what his biggest fear is for investors today, and why he’s getting more interested in gold with each passing moment of a 9-year old bull market that’s on its last breath of debt-laden air. Porter talks about bulletproofing your stocks against market risks and reveals his favorite category of equities with a laundry list of companies ready for you to research. Doc and Porter tell you what kind of stocks make a perfect “Hall of Fame” portfolio - investments that pay you ever increasing dividends every single year you own them. Buck asks Doc how you should prepare your investments for the next bear market, and Doc reveals his “100 year” investment idea – an irreplaceable asset that will never go away. Porter answers listener questions about the bitcoin and crypto crash, Toys R Us bankruptcy, and if China and President Xi Jinping are gearing up to create a new world reserve currency. Be sure to click here to never miss an episode ↓ SPOTIFY ► https://www.sbry.co/ufnNP GOOGLE PLAY MUSIC ► https://www.sbry.co/lkwhp ITUNES ► https://www.sbry.co/7OQ79 SOUNDCLOUD ► https://www.sbry.co/jHn5h STITCHER ► https://www.sbry.co/tEkL5 Check out NewsWire’s Investors MarketCast ↓ GOOGLE PLAY MUSIC ► https://www.sbry.co/dzzKq APPLE ITUNES ► https://www.sbry.co/GoCV0 STITCHER ► https://www.sbry.co/s86p1 ———————————— Follow us on Twitter ► https://www.sbry.co/p11ih Join our Facebook Community ► https://www.sbry.co/fMckK Check out our website ► https://www.sbry.co/wUAye Check out Stansberry NewsWire ►https://www.sbry.co/IhNeW Check out Health and Wealth Bulletin ► https://www.sbry.co/iHRmD Check out Extreme Value ► https://www.sbry.co/EvIiH ———————————— SHOW HIGHLIGHTS: 5:12 Porter lays out the crucial distinction between America and America’s government, and the No. 1 reason why the spirit of America will outlive our current regime. 12:10 In all the swirl of conspiracies to explain why no one liked Hillary Clinton, Porter tries to think of a Democratic nominee who’s been more wooden and less charismatic – and there’s a contender. “He looked like a drunken Frankenstein.” 17:08 Buck introduces this week’s guest Dr. (Doc) David Eifrig, lead editor and analyst of Retirement Millionaire, Retirement Trader, and Income Intelligence at Stansberry Research. Porter gets straight to the question he says will make Doc uncomfortable. “You call your newsletter Retirement Millionaire, but are you actually a millionaire?” 21:25 Porter asks Doc about his big concern in the markets right now. The lowest-grade investment tranche of debt is so radically larger than it was before, it’s bigger than the whole high yield market. “You have the potential for an enormous increase in the amount of junk bonds during the next default cycle.” 28:28 Doc talks about his observations from recent travels both domestic and abroad. He’s seeing some unmistakable signs of inflation – just not the kind of inflation most people expect. 31:10 Porter reminisces on a presentation Doc gave at a Stansberry Alliance at Hong Kong in the dark days of 2008. “What a perfect market bottom.” 38:00 Doc shares his market forecast for the next six to nine months: a mini-boom as people receive and spend their last checks from Trump and Congress. But the medium-term looks uglier. “It’s gonna be an ugly Christmas, in my opinion.” 43:30 Doc lays out why near-term interest rate hikes are inevitable, and Porter explains why today’s bond market is a house of cards. 47:25 The last great stock market debacle was about toxic mortgages – but Porter says the next one will be about corporate bonds. “Folks won’t listen… they’ll be trapped in these bond funds… and their broker will tell them, ‘you’re gonna have to make some margin calls, you’re going to have to sell your high-quality stocks.’” 51:19 Porter reveals why, during the last downturn, he told everyone to buy Moody’s and NVR, and how he knew for a fact that they would keep on making money, “quarter after quarter, throughout the entire crisis. And they did.” 1:01:45 Porter’s said insurance stocks are the opportunities he’d teach his kids about if he could teach them only one financial secret – and now he shares his favorite property and casualty insurance company with you. 1:06:05 In a world of seemingly accelerated disruption, Porter shares the commodity he believes will stand the test of time.
HOW TO USE A QUALIFIED RETIREMENT ACCOUNT TO FUND INFINITE BANKING CONCEPT
 
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Matthew Pillmore, president of VIP Financial Education, is joined by Infinite Banking Concept expert Nick Fortune to discuss a new investment grade insurance contract that enables you to use a qualified retirement account to fund your infinite banking concept account. Ever wondered how to use your qualified 401k or Roth IRA account to fund an IBC? Didn't think it was possible? Nick guides us through the math involved with this type of account and it can serve you well if you're trying to pay off your home faster, grow your cash flow by investing in real estate by fix and flip or by buy and hold rental property. This could be the ultimate debt weapon! If you are interested in learning more or getting in touch with Nick, please e-mail us! EMAIL: [email protected] SUBJECT: IGIC INCLUDE: Contact Information / Direct Phone Number Don't forget to sign up TODAY for your exclusive one on one consultation at: http://www.FreeCoachingCalendar.com CONTEST RULES: In order to be eligible for the ongoing contests you must: A) Be Subscribed B) Comment on this video (We’d love to hear what you’ve learned from our channel and how it is impacting you!) Each time you comment on a new video your name will be entered into the contest drawing, so the more you comment on the videos, the better your chances of winning! You can also gain additional entries by sharing our video on your social media accounts or by commenting on our Instagram or Facebook accounts. CONTEST PRIZES: 1: $25 Amazon Gift Cards a) 1 winner selected each week for next 24 weeks. 2: 2 Hour Skype Coaching Session a) 1 winner selected each month for next 5 months. b) To be considered: - Must have a MINIMUM of $500 average cash flow each month. No exceptions. 3: GRAND PRIZE - 2 Night Trip For Two to Denver and an Afternoon With Mr. Pillmore a) 1 winner selected first week of October. b) To be considered: - Must have a MINIMUM of $500 average cash flow each month. No exceptions. - Win a 2 hour Skype session with Mr. Pillmore. Current coaching members are also eligible for the contest! Our coaching costs can change with demand. To see our current pricing please watch this video: https://www.youtube.com/watch?v=HbVLmCvFjoI Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Instagram - https://www.instagram.com/vipfinancialed/ Instagram (Lifestyle) - https://www.instagram.com/vipfinancialedlifestyle/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Complimentary services and products mentioned in our videos are available for a limited time only and are not guaranteed at the viewing of this video. VIP Financial Education provides resources for educational purposes only. Our education is not a substitute for legal, tax, or financial advice and results vary. VIP Financial Education encourages viewers to do their homework before taking any financial action. VIP Enterprises, LLC may from time to time earn commissions by recommending various products, services, and programs.
Views: 3327 VIPFinancialEd
Dep Finance Minister Gungubele on latest Moody's rating relief
 
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The National Treasury has welcomed Moody's decision to affirm South Africa's long term foreign and local currency debt ratings at Baa3. Last night Moody's kept the country's soverign debt at investment grade and revised its outlook from negative to stable. Joining us from our Cape Town studio, is the Deputy Finance Minister, Mondli Gungubele For more news, visit: sabcnews.com
Views: 531 SABC Digital News
Moody’s Analyst Says REITs Seeing Benefits of Investment-Grade Rating
 
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Phillip Kibel, associate managing director at Moody’s Investors Service, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis. Kibel discussed the benefit some REITs are seeing by obtaining investment-grade credit ratings. Since the end of the financial crisis, “companies are realizing that an investment-grade credit profile is providing them with the opportunity to tap an unsecured debt market and to continue to unencumber their portfolios and make a commitment to earnings growth long term,” he said. Asked which economic indicators he will follow most closely in 2015, Kibel highlighted job growth and the macro-economic environment. Job growth in the U.S. remains frail, according to Kibel. Meanwhile, economic instability in Europe, China and the Middle East has the potential to impact equity and debt markets in the United States. Kibel also discussed whether REITs are at a point where they need to be more judicious in their use of leverage. “We haven’t seen it yet,” he noted. Leverage still appears to be stable, while some companies continue to de-lever because capitalization rates are attractive, according to Kibel. “The market is very good for them to cull their portfolio, so to some extent, some are still net sellers. They are using some of that cash flow to de-lever and pay off debts,” he said. Kibel noted that an increase in leverage could occur in the outlet center sector, where development pipelines are starting to grow. Yet, for the most part, companies are committed to a capital structure of 60 percent equity and 40 percent debt. By Sarah Borchersen-Keto
Views: 143 Nareit1
Corporate debt is our favorite spot in the fixed income universe
 
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CORPORATE DEBT IS OUR FAVORITE SPOT IN THE FIXED INCOME UNIVERSE ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING: What did you make, if anything, of the last Fed minutes, where there seem to be some consternation among some members about ending bond buying purchases at the end of this year, I mean, is that really realistic? JON MACKAY, SENIOR FIXED INCOME STRATEGIST, MORGAN STANLEY WEALTH MANAGEMENT (ENGLISH) SAYING: I don't think so, I think basically what you need to look at is what does Ben Bernanke want to do. He will lead the charge, he would inevitably going to get it created as a discussion, there's supposed to be people in there, who genuinely you'll see one if not a couple of members of the Fed disagreeing with or at least taking issue with quantitative easing or the policies that they're conducting. So I don't think it was that surprising but a lot has to go right for the Fed to end their program. They basically set these targets, inflation around 2.5%; unemployment around 6.5%. At the current pace of job growth, that seems pretty unlikely that we'll hit that before the end of the year. ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING: Jon, what's looking different to you in the fixed income space in 2013? Do we see changes in spreads in some other products or does 2013 play out similar to the past year? JON MACKAY, SENIOR FIXED INCOME STRATEGIST, MORGAN STANLEY WEALTH MANAGEMENT (ENGLISH) SAYING: I don't think there's any way it does. I mean, we've gotten to a point now, we're getting the kind of returns you've got in fixed income over the past three to four years it's going to become very, very difficult. It's become almost mathematically-impossible. Yields have been pushed down over the last four years. We're at lower yields today than we were at the beginning of 2012, 2011 and 2010. We're also at, to some degree, tied to spreads, so getting that additional return, quite frankly, equity-like returns in fixed income, with fixed income kind of risks, I think those days are over. So what we're suggesting people do is you've really got to pick your spots, you've got to be more tactical about how you invest and that should help you generate better returns, but you've got to lower your expectations. ANCHOR QUESTION OFF-CAMERA (ENGLISH) SAYING: So what does that mean specifically, corporate debt or high yield or? JON MACKAY, SENIOR FIXED INCOME STRATEGIST, MORGAN STANLEY WEALTH MANAGEMENT (ENGLISH) SAYING: Corporate debt is our favorite spot right now in the fixed income universe. We don't see much value in treasuries; you can trade the curve, things like that. But what we're suggesting people do is move into investment-grade credit, where you can get better yield than you can in treasuries, you can get lower risk than you can get in the equity market, you'll pick up some decent income, nothing fantastic, but decent income, and then you'll see opportunities arise as the year progresses. We'll get negative news out of Washington; maybe we'll get negative news out of Europe. I'm not suggesting we're looking forward to that, but that will inevitably happen, and when it does, maybe high yield becomes more attractive, maybe emerging market debt becomes more attractive. So I think it's not a very exciting strategy, but we're saying stick to the middle of the road, stick with investment-grade for the time being, and when opportunities arise, maybe then you reduce your exposure on investment-grade, you add exposure to some of those higher beta asset classes.
Views: 142 Market Screener
Junk status has downgraded Eskom's long-term debt rating
 
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A global credit rating agency had downgraded Eskom's long-term debt rating to non-investment grade - otherwise known as junk status. Credit ratings are a signal to investors as to how likely their subjects are to return back loaned money. At junk status many big institutions will not be able to lend Eskom money and it's cost of borrowing will rise. Although the beleagured power utlity does have the option to lend with government's backing. S and P has also given Eskom a negative outlook. It says that last week's shock suspension of the utility's CEO and three other executives have led it to have less confidence in the company's corporate governance arrangements. It says the negative outlook reflects its opinon that there isrisk associated with government's support plan. Government has said it plans to sell non core assets to raise funds that Eskom needs to build new power plants and keep the lights on in the meantime. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline
Views: 112 SABC Digital News
National Treasury welcomes Moody's decision on SA economy
 
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The National Treasury has welcomed Moody's decision to affirm South Africa's long term foreign and local currency debt ratings at Baa3.. Last night Moody's kept the country's sovereign debt at investment grade and revised its outlook from negative to stable. For more news, visit: sabcnews.com
Views: 439 SABC Digital News
S&P Downgrades Brazil's Sovereign Debt Rating
 
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The Brazilian government's sovereign debt rating was downgraded Wednesday to "junk" status by Standard & Poor's, one of the major credit agencies. The loss of Brazil's investment grade rating could have a negative effect on its economy, already battling a recession, by frightening off investors, and complicate President Dilma Rousseff's efforts to balance the budget. teleSUR http://multimedia.telesurtv.net/v/sp-downgrades-brazils-sovereign-debt-rating/
Views: 129 TeleSUR English
Getting junked  Who rates countries' debt and why it matters !
 
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A major ratings agency has downgraded Greek debt to junk status, further damaging the country's efforts to avoid default and raising doubt over the overall health of the euro. France 24 explains how credit rating agencies work and why they matter. Greek debt is currently worth "junk", the major ratings agency Standard and Poor's told investors on Tuesday. The agency also downgraded Portugal's rating to A-. The financial slur marked the first time a eurozone member lost investment-grade rating since the currency's 1999 debut.Greece cried foul at the downgrade, saying the S&P's move did not correspond with the real data. But few investors were listening to Athens. A dip in market confidence led European and then Asian stocks to plunge Tuesday and Wednesday and sent the euro to one-year lows against the dollar. While Portuguese bonds are still investment grade, some market observers think a junk rating will soon infect Portugal. "Contagion will spread to Portugal, to Spain and to other countries and may lead to a second dip in the world recession," warned Ali Fatemi, a professor at the American Graduate School of Business and Economy in Paris. While a rating expresses one opinion about the quality of a credit issuer, the reaction to the Greek downgrade is evidence that ratings can have sweeping consequences for local and global economies. So who are these agencies and why do their opinions matter so much? Making the grade A credit rating agency, or CRA, is a company that gives its opinion about an institution's ability to pay back loans. The largest and most important CRA's are the US-based companies Standard and Poor's, Fitch and Moody's, which are overseen by the Securities and Exchange Commission in their assignment of credit ratings. The institutions they rate include corporations, local governments and states that issue debt-like securities, such as bonds. The CRA's assign credit ratings, based on tiers that are meant to reflect a company or government's creditworthiness. The junk rating refers to the BB+ rating by S&P. This is the highest speculative grade (the best of risky investments) in S&P's letter-rating system. The highest rating, AAA, reflects an "extremely strong capacity to meet financial commitments", according to S&P, while the lowest D rating is issued for institutions that fail to pay their financial commitments. Greece's current BB+ grade is six notches below the AAA grade. S&P's downgrading of Greece and Portugal tells investors what they might expect if they are holding bonds issued by these counties. A lower rating does not automatically trigger a sell-off of bonds, since investors look at many aspects of a company or country's investment potential. And a high rating does not guarantee that a company or country it will not default on loans. The US-dominated CRA's have been criticized for making high ratings based on the willingness to incorporate US ideas of best business practices and for the lack of transparency in their ratings. But countries can do little to curb their power. Downgrades have the inevitable effect of making potential bond buyers put away their wallets or for bond owners to trade them. This effect is a significant blow to a country like Greece, which will face added pressure from the EU and IMF to balance its budget as a condition for receiving a critical financial aid package. By Luke SHRAGO (video) FRANCE 24 (text)
Fitch: Gov't finances putting less pressure on debt profile
 
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Fitch, which assesses the credit worthiness of countries, gives one more hint that the Philippines could soon be rated investment grade.
Views: 992 ABS-CBN News
AFP takes Debt message to Wall Street
 
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Lonegan Protests Moody's Too-High Rating of "Junk" New Jersey Contract Bonds Americans for Prosperity Says Rating Begs Another Fannie-Freddie Catastrophe WASHINGTON -- Americans for Prosperity New Jersey Director Steve Lonegan held a news conference today to protest the irresponsibly high rating of risky New Jersey contract bonds by Moody's Investment Service. Lonegan was joined by a busload of New Jersey taxpayers and a giant ATM machine, designed to illustrate that taxpayers shouldn't be treated like an instant cash machine when politicians run out of money. Following the news conference, Lonegan delivered a letter to Moody's Investment Service CEO Raymond W. McDaniel Jr., urging the company to lower its rating and thus stop enabling the state of New Jersey from plunging taxpayers further into debt. The high rating given to New Jersey's so-called "contract debt," which is not backed by the full faith and credit clause of the state, begs heavy losses for investors similar to the recent Fannie Mae and Freddie Mac crisis. The letter asserts that New Jersey contract debt should accurately reflect the substantial risk of default it carries: The practice of referring to these bonds as revenue bonds is highly misleading, because often—and specifically in the case of the pending $3.9 billion bond offering for school construction bonds—there is no revenue source other than appropriations by future legislatures, which cannot be bound contractually. The major bond insurers face daunting financial uncertainty, and the Financial Guaranty Insurance Company, which insures many New Jersey EDA bonds, has already been downgraded below investment-grade. There is no guarantee, despite the millions of taxpayer dollars spent on bond insurance, that anything other than the political whims of future legislatures stands behind these bonds. Lonegan filed suit Monday against New Jersey to block a $3.9 billion borrowing scheme from being pushed through without voter approval. Article 8 of the state constitution bars the state from incurring debt of more than $3.2 million without voter approval. However, during the past 25 years the state has avoided most referendums by creating separate entities, like the Economic Development Authority, to borrow the money. Eight years ago Lonegan first filed suit to stop the practice of issuing so-called "contract debt." In a narrow 3-4 decision, The state Supreme Court permitted then-Governor Christie Whitman's bond issue, but required a disclaimer be added to contract debt noting that the debt was not backed by the full faith and credit of the state. "Gov. Jon Corzine has repeatedly told voters that the state is facing a 'debt crisis,' yet Moody's continues to rate contract bonds as if the state of New Jersey has to make good on them," said Lonegan. "In fact, as the courts have affirmed, contract bonds are not backed by the full faith and credit of the state. Just like with Fannie and Freddie, Moody's is assuming paper is good paper without actually looking at what will happen if there is an inability to pay. Americans for Prosperity (AFP) is a nationwide organization of citizen leaders committed to advancing every individual's right to economic freedom and opportunity. AFP believes reducing the size and scope of government is the best safeguard to ensuring individual productivity and prosperity for all Americans. AFP educates and engages citizens in support of restraining state and federal government growth and returning government to its constitutional limits. For more information, visit www.americansforprosperity.org
How Can Brazil Regain Its Investment-Grade Status?
 
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Rising public debt and a large deficit prompted S&P and Fitch to downgrade Brazilian sovereign debt below investment grade in 2015, and Moody’s is expected to follow suit in the coming months. How much will losing its investment-grade rating really affect the economy? What will it take for Brazil to regain investment-grade status, and how long might that take? Hear economist Norbert Gaillard discuss the ramifications of Brazil’s credit rating at the 2016 Latin America Investment Conference.
Views: 1542 Credit Suisse
Fitch rating says it will keep long-term U.S. debt at AAA
 
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Fitch rating says it will keep long-term U.S. debt at highest AAA grade.
Alibaba Gets 'A-plus' Debt Rating From Agencies
 
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Chinese e-commerce giant Alibaba Group Holding Ltd, received its first debt ratings from international credit agencies on Thursday after the company announced plans for an issue of senior unsecured notes to raise an unspecified amount. Standard & Poor's and Fitch Ratings rated the notes at investment grade "A-plus", while Moody's Investor Service assigned an equivalent "A1" rating. Alibaba said it would use the net proceeds from the U.S. bond offering primarily to refinance debt. http://news.yahoo.com/alibaba-gets-plus-debt-rating-agencies-153743929--finance.html http://www.wochit.com
Views: 40 Wochit Business
Chicago Board of Education's New Debt Deal
 
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The Chicago Board of Education, amidst financial crisis will begin to sell a new type of debt, armed with an investment grade rating from Fitch Ratings based on the bonds' ability to withstand bankruptcy filing. The $500 million capital improvement tax bonds slated to price through Barclays Capital are secured by a new property tax levy, earmarked exclusively for capital spending and not by the school district's own lower rated general obligation pledge. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/LnDtSQiBEgU/us-usa-municipals-deals-idUSKBN13Y2OL http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Views: 43 Wochit News
Warren Buffett on the Financial & Housing Crisis and Credit Rating Agencies (2010)
 
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A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themselves. In some cases, the servicers of the underlying debt are also given ratings. More on Buffett: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=22f3a19f1003df6e04ad734879f32fb7&camp=1789&creative=9325&index=books&keywords=warren%20buffett In most cases, the issuers of securities are companies, special purpose entities, state and local governments, non-profit organizations, or national governments issuing debt-like securities (i.e., bonds) that can be traded on a secondary market. A credit rating for an issuer takes into consideration the issuer's credit worthiness (i.e., its ability to pay back a loan), and affects the interest rate applied to the particular security being issued. The value of such security ratings has been widely questioned after the 2007--09 financial crisis. In 2003, the U.S. Securities and Exchange Commission submitted a report to Congress detailing plans to launch an investigation into the anti-competitive practices of credit rating agencies and issues including conflicts of interest. More recently, ratings downgrades during the European sovereign debt crisis of 2010--11 have drawn criticism from the EU and individual countries. A company that issues credit scores for individual credit-worthiness is generally called a credit bureau (US) or consumer credit reporting agency (UK). Credit rating agencies have been subject to the following criticisms: Credit rating agencies do not downgrade companies promptly enough. For example, Enron's rating remained at investment grade four days before the company went bankrupt, despite the fact that credit rating agencies had been aware of the company's problems for months. Or, for example, Moody's gave Freddie Mac's preferred stock the top rating until Warren Buffett talked about Freddie on CNBC and on the next day Moody's downgraded Freddie to one tick above junk bonds. Some empirical studies have documented that yield spreads of corporate bonds start to expand as credit quality deteriorates but before a rating downgrade, implying that the market often leads a downgrade and questioning the informational value of credit ratings. This has led to suggestions that, rather than rely on CRA ratings in financial regulation, financial regulators should instead require banks, broker-dealers and insurance firms (among others) to use credit spreads when calculating the risk in their portfolio. Large corporate rating agencies have been criticized for having too familiar a relationship with company management, possibly opening themselves to undue influence or the vulnerability of being misled. These agencies meet frequently in person with the management of many companies, and advise on actions the company should take to maintain a certain rating. Furthermore, because information about ratings changes from the larger CRAs can spread so quickly (by word of mouth, email, etc.), the larger CRAs charge debt issuers, rather than investors, for their ratings. This has led to accusations that these CRAs are plagued by conflicts of interest that might inhibit them from providing accurate and honest ratings. At the same time, more generally, the largest agencies (Moody's and Standard & Poor's) are often seen as promoting a narrow-minded focus on credit ratings, possibly at the expense of employees, the environment, or long-term research and development. These accusations are not entirely consistent: on one hand, the larger CRAs are accused of being too cozy with the companies they rate, and on the other hand they are accused of being too focused on a company's "bottom line" and unwilling to listen to a company's explanations for its actions. While often accused of being too close to company management of their existing clients, CRAs have also been accused of engaging in heavy-handed "blackmail" tactics in order to solicit business from new clients, and lowering ratings for those firms . For instance, Moody's published an "unsolicited" rating of Hannover Re, with a subsequent letter to the insurance firm indicating that "it looked forward to the day Hannover would be willing to pay". When Hannover management refused, Moody's continued to give Hannover Re ratings, which were downgraded over successive years, all while making payment requests that the insurer rebuffed. In 2004, Moody's cut Hannover's debt to junk status, and even though the insurer's other rating agencies gave it strong marks, shareholders were shocked by the downgrade and Hannover lost $175 million USD in market capitalization. http://en.wikipedia.org/wiki/Credit_rating_agency
Views: 12193 The Film Archives
Rand shrugs off downgrade but SA should still be worried
 
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South African government bonds weakened earlier after S&P Global Ratings on Friday downgraded the country’s local currency debt to sub-investment grade, while foreign currency debt was pushed deeper into “junk” territory. Moody's decision to only place South Africa on review for downgrade had brought some relief to the currency but the country's next even risk is remains the ANC December elective conference. Joining CNBC Africa to discuss the impact of South Africa's recent credit ratings downgrade and the impact this will have on the wider economy and retail facing stocks are Annabel Bishop, Chief Economist, Investec, Lesiba Mothata, Executive Chief Economist at Alexander Forbes and Michael Treherne, Portfolio Manager, Vestact.
Views: 230 CNBCAfrica
Nigeria's Current Sovereign Debt Metrics
 
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(www.abndigital.com) Richard Fox, Fitch Ratings' Head of Africa/Middle East sovereigns, speaks with ABN's Eleni Giokos to discuss a report on Nigeria's current sovereign debt metrics to those of Emerging Markets that have recently made the transition to investment grade.
Views: 129 CNBCAfrica
US GDP and Corporate Debt shows promise!!!
 
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US GDP grew at 2.4% on an annualized basis for the second quarter. In addition, the investment grade corporate bond to 10 year treasury yield differential has come down dramatically over the last 20 months since the financial debacle. These variables point to noticeable recovery in sentiment, which we believe could be a self fulfilling prophesy for economic growth going forward.
S&P keeps 'BBB' credit rating for PH
 
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Standard and Poor's affirms the credit ratings for the Philippines. The debt watcher kept its investment grade credit rating for the country at BBB, which is a notch higher than the minimum score within the investment-grade scale. - Business Nightly, ANC, April 21, 2016 Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews
Views: 576 ABS-CBN News
Inside Credit: Despite Market Volatility, Debt-Funded M&A Could Increase
 
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Market volatility has markedly slowed riskier capital markets activity. In this edition of Inside Credit, Standard & Poor’s analysts Taron Wade, Patrice Cochelin and Andrew Stillman discuss how demand for investment-grade bonds could support debt-funded M&A over the coming months.
Views: 16 SPTVbroadcast
Brazil's Emerging Economic Power: Now Investment-Grade and Why it Matters
 
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On April 30, 2008, Standard & Poor's became the first ratings agency to raise Brazil's foreign debt to investment-grade status—Fitch Ratings, the second of the world's largest three ratings agency, followed suit a few days later. These unprecedented decisions, coupled with the discovery of massive new oil and gas reserves, boost Brazil's prospects for continued, long-term economic and political stability. (ref: BRZ 20080620)
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Twitter's debt assigned 'junk' status
 
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US ratings agency Standard and Poors has given the debt of social media giant Twitter the rating "junk". S&P said Twitter's $1.8bn (£1.1bn) September debt issue - IOUs sold to investors in return for interest - were worthy of a "speculative" rating of BB-, three notches below investment grade. News of the rating sent New York listed Twitter shares tumbling nearly 6%. The social network's push for acquisitions despite slow earnings growth was behind the low rating. "The company is investing very aggressively in growth. Depending on the level of business reinvestment, Twitter may not generate positive discretionary cash flow until 2016," S&P said in a note. Just last week, Twitter announced that it was opening an office in Hong Kong despite being banned from operating in mainland China to grow its advertising and sales reach. Twitter troubles In October, Twitter reported a disappointing 7% fall in timeline views per user - a closely watched measure of engagement - despite a 23% growth in its user base in the third quarter. The company also said its fourth-quarter revenue might fall short of market expectations of $448.8mn (£283mn). S&P said it could raise the rating if Twitter broadened its revenue sources, launched new products and maintained its market share, along with improving its profitability, and cash flows. But, it also added that the rating could be downgraded still lower. Twitter shares gave up most of the 7% gain made on Wednesday after the company announced it was considering creating additional mobile applications beyond its core messaging service and video app. It shares have lost 37% so far this year.
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