Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (10 lettori)

corradotedeschi

Forumer storico
L'economia globale quest'anno e' cresciuta....dove e' poi questa recessione???....non caisco da cosa possa nascere davvero...il mercato la sta gia' scontando...mah
 

Maio72

Follow the white rabbit

waltermasoni

Caribbean Trader
Rating Action:
Moody's changes Ecuador's rating outlook to negative from stable; affirms B3 ratings

12 Dec 2018
New York, December 12, 2018 -- Moody's Investors Service ("Moody's") has today changed the outlook on the Government of Ecuador's issuer rating to negative from stable and affirmed the long-term issuer and senior unsecured B3 ratings.



The decision to change the outlook to negative reflects the risk that Ecuador's government liquidity position may remain constrained ahead of debt repayments in the coming years given the challenging market conditions it faces. In Moody's view, Ecuador's market access will remain challenged due to a combination of internal and external factors that have contributed to negative investor sentiment, which has led to very high sovereign spreads, elements that will likely keep market borrowing costs high. Moody's notes that even though increased access to official (multilateral) financing would ease funding pressures, in the absence of more forceful policies that effectively address macroeconomic imbalances that built up over the past decade, a large official lending program would not be sufficient on its own to materially reduce the tight liquidity conditions.



Moody's decision to affirm the B3 ratings balances the sovereign's higher fiscal strength relative to similarly-rated peers, notwithstanding the sharp deterioration in Ecuador's government debt metrics over the last five years. The affirmation is also informed by weak but improving institutions and low economic growth as the economy transitions from a State-led economic model.



The senior unsecured bond rating on the 2030 global bond was affirmed at C, reflecting the small amount of remaining claims on principal amounts owed to bondholders that did not participate in the debt exchange of 2009, following the 2008 default.



Ecuador's long-term foreign-currency ceilings remain unchanged at B2 for bonds and Caa1 for bank deposits. The short-term foreign-currency ceilings remain NP.
 

Near

Forumer storico
Sembravano. Safeway 31 a 88. A 100 per me era fuori prezzo con quello che sta accadendo sul mercato. Prendevi un bond di Macy's stessa durata e stesso settore retail ma IG. My 2 cents
in effetti è IG però al livello più basso ;)
il gradino sotto è junk
comunque ho provato a prendere di nuovo safeway a 86/87 :wow:
 

fabriziof

Forumer storico

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