The vote on the constitutional reform in Peru “sets the path for a positive credit transformation of sovereign institutions” in that country, according to the risk rating agency Moody’s. The analysis by Sergio Herrera Carranza and Jaime Reusche maintains that the bicameral reforms and immediate reelection “will introduce new checks and balances and political incentives,” […]
Tag: moody’s
Moody’s downgrades Israel’s rating for the first time due to the impact of the war in Gaza
The credit rating agency Moody’s announced that it will lower the credit rating of Israelthe first demotion in the country’s history, and also assigned a “negative outlook” to the new rating. The note for the solvency of the Israeli economy thus went from the maximum of A1 to A2, announced Moody’s in the first downgrade […]
Mexico: Moody’s foresees more credit for SMEs and risk appetite after new reform
The agency Moody’s This Wednesday, he predicted more financing for small and medium-sized businesses (SMEs) as well as a greater appetite for risk in Mexico after the new reform to the Securities Market Law. “In our view, the reforms are positive for credit because they will likely help foster credit markets and banks’ risk appetite, […]
China recognizes difficulties and says it will support the real estate market
Senior leaders of the Chinese Communist Party (CCP) recognized that their economy faces “difficulties” and they promised to support their real estate in crisis at a meeting this week, state media reported Tuesday. “China still has to overcome some difficulties and challenges to further reactivate the economy,” top CCP leaders, including President Xi Jinping, admitted […]
Moody’s downgrades China’s credit outlook for these two reasons
The rating agency Moody’s on Tuesday cut the outlook for the sovereign note of China from stable to negative, in the latest sign of growing global concern about the impact of rising debt of local governments and the worsening of the real estate crisis in the second largest economy in the world. The rating downgrade […]
Moody’s: Mine closure impacts Panama’s deficit and growth outlook
The rating agency Moody’s said this Wednesday that the cancellation in Panama of the exploitation contract of the largest open pit copper mine in Central America, “makes it very likely” that the Central American country does not meet the deficit objective this year and in 2024 and that it affects the growth perspective of the […]
Egypt defends the capacity of its economy after Fitch lowered its debt rating
Egypt defended today the “capacity” of its economy to resist the crisis it has been going through for years, after the agency of Fitch Ratings It lowered the rating of its long-term debt to B negative and thus joined others such as Moody’s or S&P in lowering its confidence in the country. ”The Egyptian economy […]
War in Israel: Moody’s issues warning on country’s credit profile
Moody’s sent a warning to Israel on Wednesday, just days before a planned credit rating review, and stated that a war prolonged with Hamas could cause a cut in the country’s debt rating. The Hamas attack over the weekend has sparked the worst escalation of violence with Israel in 50 years and has raised questions […]
Chancay Megaport: Moody’s estimates contribution of 0.2 points to annual GDP growth
The construction and commissioning of the Chancay Megaport It would contribute around 0.2 points to the annual growth of Peruvian GDP, according to preliminary estimates by the rating agency Moody’s. Jaime Reusche, vice president of the Moody’s Investors Service group, told Andina that the operation of the terminal by Cosco Shipping will mean a before […]
S&P downgrades US banks due to growing liquidity problems
S&P Global joined on monday Moody’s by cutting the credit rating and prospects of several US regional banksstating that the increase in financing costs and the problems of the commercial real estate they will probably test its robustness. The incessant interest rate hike campaign of the Federal Reserve in the United States has raised deposit […]