Grazie ma non ho meriti
Ho solo fatto copia e incolla
Portafogli e Strategie (investimento) Investment Grade, entro le frontiere conosciute. (7 lettori)
- Creatore Discussione canchye
- Data di Inizio
Ho solo fatto copia e incolla
waltermasoni
Caribbean Trader
dalla concorrenza elenco di obbligazioni IG USD (non mi bannate però...vero???)
Rating S&P
USD AB InBev Worldwide Inc. 3,75 15/07/2042 89,29 4,48 % 1.000 27 % A-
USD Verizon Communications Inc. 2,625 15/08/2026 90,04 4,03 % 2.000 20,7 % BBB+
USD Alphabet Inc. 1,998 15/08/2026 90,05 3,37 % 2.000 18,9 % AA+
USD International Paper Co nouveau 3 15/02/2027 91,11 4,21 % 2.000 22,6 % BBB
USD Nike Inc. 2,375 01/11/2026 91,16 3,58 % 2.000 21 % AA-
USD Microsoft Corp. 2,4 08/08/2026 91,88 3,53 % 2.000 21,4 % AAA
USD Expedia Inc. 3,8 15/02/2028 91,97 4,83 % 2.000 24,8 % BBB-
USD Johnson & Johnson 3,5 15/01/2048 92,65 3,92 % 2.000 28,2 % AAA
USD Hasbro Inc 3,5 15/09/2027 92,78 4,44 % 2.000 24,7 % BBB
USD American Tower Corp 3,375 15/10/2026 92,85 4,39 % 2.000 24,1 % BBB-
USD Visa Inc 2,75 15/09/2027 93,18 3,61 % 2.000 23,8 % A+
USD Intel Corp. 2,6 19/05/2026 93,22 3,57 % 2.000 22,8 % A+
USD Express Scripts Holding 3,4 01/03/2027 93,49 4,28 % 2.000 24,8 % BBB+
USD Walgreens Boots Alliance 3,45 01/06/2026 93,68 4,38 % 2.000 24,5 % BBB
USD Amgen Inc. 3,2 02/11/2027 93,82 3,98 % 2.000 25 % A
USD Macy's Retail Holdings Inc 2,875 15/02/2023 93,84 4,28 % 2.000 20,9 % BBB-
USD Potash Corporation of Saskatchewan 3 01/04/2025 93,87 4,01 % 2.000 23,3 % BBB
USD BMW US Capital LLC 2,25 15/09/2023 93,98 3,47 % 2.000 20,2 % A+
USD Marriott International 3,125 15/06/2026 94,09 3,97 % 2.000 24,4 % BBB
USD Thermo Fisher Scientific 3,2 15/08/2027 94,15 3,95 % 2.000 25,1 % BBB
USD Kellogg Co. 3,25 01/04/2026 94,39 4,08 % 2.000 24,7 % BBB
USD Kraft Heinz Foods Corp 3 01/06/2026 94,46 3,79 % 2.000 24,5 % BBB-
USD abbvie Inc 3,2 14/05/2026 94,6 3,98 % 2.000 24,9 % A-
USD Pepsico Inc 3 15/10/2027 94,91 3,64 % 2.000 25,5 % A+
USD EQT Corp 3,9 01/10/2027 95,07 4,54 % 2.000 26,5 % BBB
USD Shell International Finance BV 2,875 10/05/2026 95,13 3,57 % 1.000 24,9 % A+
USD Comcast Corporation 3,15 01/03/2026 95,38 3,83 % 2.000 25,3 % A-
USD Simon Property Group 3,25 30/11/2026 95,39 3,88 % 2.000 25,8 % A
USD Thomson Reuters Corp. 4,5 23/05/2043 95,54 4,81 % 2.000 28,9 % BBB+
USD Time Warner Inc 3,8 12/02/2027 95,58 4,41 % 2.000 26,6 % BBB
USD Amazon.com Inc 3,15 22/08/2027 95,59 3,71 % 2.000 26,1 % AA-
USD General Motors Financial Company 3,5 07/11/2024 95,67 4,26 % 2.000 25,3 % BBB
USD Verizon Communications Inc. 2,45 01/11/2022 95,71 3,46 % 2.000 21,8 % BBB+
USD Ebay Inc 3,6 05/06/2027 95,73 4,16 % 2.000 26,6 % BBB+
USD Pfizer Inc. 3 15/12/2026 95,74 3,57 % 2.000 25,8 % AA
USD Toyota Motor Credit Corp. 3,05 11/01/2028 95,74 3,57 % 2.000 26,3 % AA-
USD Petroleos Mexicanos 3,5 30/01/2023 95,9 4,45 % 10.000 24,2 % BBB+
USD Petroleos Mexicanos 4,5 23/01/2026 96 5,13 % 10.000 27 % BBB+
USD Oracle Corp 3,25 15/11/2027 96,01 3,75 % 2.000 26,6 % AA-
USD Exelon Corp 3,4 15/04/2026 96,02 3,98 % 2.000 26,2 % BBB-
USD Tencent Holdings Ltd 3,595 19/01/2028 96,16 4,07 % 200.000 27,1 % A+
USD General Motors Financial Company 4 06/10/2026 96,24 4,54 % 2.000 27 % BBB
USD Apple Inc. 3,2 11/05/2027 96,33 3,68 % 2.000 26,7 % AA+
USD AB InBev NV/SA 2,5 15/07/2022 96,36 3,41 % 1.000 22,4 % A-
USD FedEx Corp. 3,25 01/04/2026 96,38 3,78 % 2.000 26,4 % BBB
USD American Express Company 2,65 02/12/2022 96,39 3,49 % 2.000 23,3 % BBB+
USD Oracle Corp 2,95 15/11/2024 96,43 3,56 % 2.000 25,4 % AA-
USD Pernod Ricard SA 3,25 08/06/2026 96,43 3,76 % 150.000 26,5 % BBB
USD Prudential Financial Inc 4,5 15/09/2047 96,59 FRN 2.000 FRN BBB+
USD Nvidia Corp 3,2 16/09/2026 96,95 3,62 % 2.000 27 % BBB+
USD Continental Resources 3,8 01/06/2024 97 4,36 % 2.000 26,6 % BBB-
USD Oracle Corp 2,625 15/02/2023 97,01 3,29 % 2.000 24,3 % AA-
USD CVS Health Corporation 2,75 01/12/2022 97,04 3,44 % 2.000 24,4 % BBB
USD Heineken NV 3,5 29/01/2028 97,16 3,85 % 2.000 27,7 % BBB+
USD Xerox Corporation 3,625 15/03/2023 97,16 4,26 % 2.000 25,9 % BBB-
USD Visa Inc 3,15 14/12/2025 97,18 3,57 % 2.000 26,9 % A+
USD Ecopetrol SA 4,125 16/01/2025 97,28 4,59 % 1.000 27,4 % BBB-
USD Exxon Mobil Corporation 3,043 01/03/2026 97,44 3,41 % 2.000 27,1 % AA+
USD Societe Generale 4,25 14/04/2025 97,61 4,65 % 200.000 27,8 % BBB
USD AT&T Inc. 3 30/06/2022 97,68 3,59 % 2.000 25,4 % BBB+
USD Xerox Corporation 3,8 15/05/2024 97,69 4,23 % 2.000 27,3 % BBB-
USD Enersis Americas SA 4 25/10/2026 97,7 4,32 % 1.000 28,1 % BBB
USD Toyota Motor Credit Corp. 2,7 11/01/2023 97,77 3,2 % 2.000 25,6 % AA-
USD AB InBev Finance Inc 3,65 01/02/2026 97,83 3,97 % 1.000 27,9 % A-
USD Fibria Overseas Finance nouveau 4 14/01/2025 97,84 4,37 % 2.000 27,8 % BBB-
USD Ebay Inc 3,45 01/08/2024 97,93 3,82 % 2.000 27,4 % BBB+
USD Anthem Inc 4,55 01/03/2048 97,96 4,68 % 1.000 29,6 % A
USD Motorola Solutions Inc 3,5 01/03/2023 97,98 3,95 % 2.000 26,9 % BBB-
USD ENGIE 2,875 10/10/2022 98,07 3,34 % 2.000 26,1 % A-
USD Amazon.com Inc 3,875 22/08/2037 98,08 4,02 % 2.000 29,3 % AA-
USD Abbott Laboratories 3,75 30/11/2026 98,22 3,99 % 2.000 28,5 % BBB
USD 21st Century Fox America 3,375 15/11/2026 98,47 3,58 % 2.000 28,5 % BBB+
USD Deutsche Bank AG 3,125 13/01/2021 98,49 3,7 % 1.000 25,6 % BBB-
USD Unilever Capital Corp nouveau 3,5 22/03/2028 98,55 3,68 % 100.000 28,8 % A+
USD Anthem Inc 4,101 01/03/2028 98,56 4,28 % 1.000 29 % A
USD The Boeing Company 3,25 01/03/2028 98,82 3,39 % 2.000 28,9 % A
USD Caterpillar Financial Services nouveau 3,25 01/12/2024 98,85 3,44 % 1.000 28,5 % A
USD Exxon Mobil Corporation 2,726 01/03/2023 98,85 2,98 % 2.000 27,6 % AA+
USD General Motors Financial Company 3,2 06/07/2021 98,86 3,57 % 2.000 27,1 % BBB
USD Motorola Solutions Inc 5,5 01/09/2044 98,95 5,58 % 2.000 29,8 % BBB-
USD Bank of America Corp. 4 22/01/2025 99,2 4,13 % 2.000 29,2 % BBB+
USD Electricite de France SA 3,625 13/10/2025 99,2 3,75 % 2.000 29,1 % A-
USD CVS Health Corporation nouveau 4,1 25/03/2025 99,22 4,23 % 2.000 29,2 % BBB
USD Commonwealth Bank of Australia nouveau 3,9 16/03/2028 99,32 3,98 % 2.000 29,5 % AA-
USD Enbridge Inc 6,25 01/03/2078 99,34 FRN 2.000 FRN BBB-
USD AT&T Inc. 3,8 01/03/2024 99,37 3,92 % 2.000 29,2 % BBB+
USD Unilever Capital Corp nouveau 2,75 22/03/2021 99,5 2,93 % 100.000 28,3 % A+
USD Goldcorp Inc 3,7 15/03/2023 99,51 3,81 % 2.000 29,2 % BBB+
USD Petroleos Mexicanos 6,625 ∞ 99,61 6,65 % 10.000 30 % BBB+
USD Motorola Solutions Inc 4,6 23/02/2028 99,64 4,65 % 2.000 29,8 % BBB-
USD Campbell Soup Co nouveau 3,95 15/03/2025 99,81 3,98 % 2.000 29,8 % BBB
USD Newmont Mining 3,5 15/03/2022 99,82 3,55 % 2.000 29,6 % BBB
USD Eli Lilly & Company 3,7 01/03/2045 99,84 3,71 % 2.000 30 % AA-
USD Campbell Soup Co nouveau 3,65 15/03/2023 99,92 3,67 % 2.000 29,9 % BBB
USD Campbell Soup Co nouveau 3,3 15/03/2021 100,02 3,29 % 2.000 30,1 % BBB
USD Ford Motor Credit Co LLC 3,47 05/04/2021 100,03 3,46 % 200.000 30,1 % BBB
USD Toyota Industries Corp nouveau 3,235 16/03/2023 100,05 3,22 % 200.000 30,1 % AA-
USD Toyota Industries Corp nouveau 3,566 16/03/2028 100,2 3,54 % 200.000 30,2 % AA-
USD Glencore Funding LLC 4,125 30/05/2023 100,41 4,04 % 2.000 30,6 % BBB
USD Braskem Finance LTD 7,375 ∞ 100,76 7,32 % 100.000 30 % BBB-
USD Petroleos Mexicanos 4,875 18/01/2024 100,82 4,71 % 10.000 30,9 % BBB+
Brizio,
Hai la possibilità di fare una selezione simile sempre usd ( anche tagli minimi violenti) però in tds o sovranazionali ?
Vedo quel che riesco a fare ma penso per lunedì o martedì non prima
zoroaster
Forumer attivo
mago gambamerlo
Xx Phuket xX
Grazie .
waltermasoni
Caribbean Trader
segnalo ARABIA SAUDITA 4% 2025 XS1791937441 E AL 4,5% 2030 XS1791939066
sONO LOTTI DA 200 K LO CAPISCO , MA LE DURATE SONO RELATIVE E RATING ELEVATO (A+)
Fitch Affirms Saudi Arabia at 'A+'; Outlook Stable
02 NOV 2017 10:49 AM ET
Fitch Ratings-Hong Kong-02 November 2017: Fitch Ratings has affirmed Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook.
A full list of rating actions is at the end of this rating action commentary.
KEY RATING DRIVERS
Saudi Arabia's ratings are supported by strong fiscal and external balance sheets, including exceptionally high international reserves, low government debt, significant government assets and strong commitment to an ambitious reform agenda. These strengths are balanced by high oil dependence, the prospect of slow non-oil growth, weak World Bank governance and business environment indicators and large fiscal deficits.
The central government deficit is expected to narrow to 8.7% of GDP in 2017, from 17.2% in 2016, largely as a result of higher oil prices and because clearance of arrears that widened the 2016 deficit by 4.4% of GDP will no longer be necessary. The deficit will shrink more moderately in subsequent years to 5.4% of GDP in 2019. The government has indicated that expenditure may rise 4% next year, but a number of revenue measures should still lead to a significant improvement of the fiscal position. The government increased excise duties in June and expat levies in July and is still expected to raise energy costs before the end of the year. A 5% value added tax will be introduced at the beginning of 2018 and further energy price reforms and expat levies are also planned.
The measures are part of the government's ambitious reform agenda, the Vision 2030, which seeks to put public finances on a sustainable basis but also aims to reduce the dependence of the government on oil revenue. The planned sale of a 5% stake in Saudi Aramco will primarily be used to fund domestic investments to diversify the economy. As such it is likely to have a limited impact on the government's balance sheet. The government is also pursuing the privatisation of other state entities and seeks to attract private financing for a wide range of projects. There is a risk that the government may need to step in if private sector financing fails to materialise for some projects or revenue assumptions for public private partnership projects prove optimistic.
The government has financed its deficits by a combination of running down its deposits at the Saudi Arabian Monetary Authority (SAMA, the central bank) and by issuing domestic and external debt. As a result, general government deposits with SAMA are expected to continue declining, albeit at a slower pace, to 20.7% of GDP by 2019 from a peak of 57.7% in 2013 and 35.2% at end-2016. Meanwhile, central government debt is expected to rise to 24.9% of GDP in 2019, from 1.6% in 2014 and 13.1% in 2016. But at 19.1% of GDP in 2019, general government debt (excluding debt held by government entities) will still be well below the 'A' category median of 44.3%.
The recovery of oil prices has led to a sharp improvement in the current account balance, which is expected to be broadly balanced in 2017 and 2018 after a deficit of 4.3% of GDP in 2016. Nonetheless, international reserves have continued to decline, by USD51 billion during the first nine months of 2017, partly reflecting large errors and omissions. However, at 23 months of current external payments, SAMA reserves are well above the 'A' category median of five months.
Fitch expects GDP to contract 0.4% in 2017 as a whole, as OPEC oil production cuts outweigh a recovery in non-oil GDP induced by less tight fiscal policy, the stimulus from the payment of arrears at end-2016 and improved confidence. GDP should increase 0.8% in 2018, held back by non-oil revenue measures, and 1.3% in 2019. Inflation has remained negative during the first three quarters of 2017, but is likely to rise substantially as a result of energy price hikes and the new VAT. Fitch assigns Saudi Arabia's banking sector a Bank System Indicator of 'a', with only four jurisdictions receiving a higher rating. This reflects stable profitability, which has allowed the sector to build sizeable capital buffers against any downturn in the operating environment. The sector Tier 1 regulatory capital ratio was 17.2% at end-June 2017.
A change in the royal succession announced in June has put Mohammed bin Salman, the main driver behind the Vision 2030, next in line for the throne. This has reduced risks to the implementation of the reform agenda. However, risks that the line of succession is challenged remain and the ambition for wider social reform could also lead to increased resistance from conservatives. The boycott of Qatar by Saudi Arabia and several other countries in the region are unlikely to have a significant economic impact on Saudi Arabia. However, the drastic measure increases risks that tensions with Iran could escalate suddenly.
SOVEREIGN RATING MODEL (SRM) and QUALITATIVE OVERLAY (QO)
Fitch's proprietary SRM assigns Saudi Arabia a score equivalent to a rating of 'A-' on the Long-Term Foreign-Currency (LT FC) IDR scale.
Fitch's sovereign rating committee adjusted the output from the SRM to arrive at the final LT FC IDR by applying its QO, relative to rated peers, as follows:
Public finances: +1 notch, to reflect the large government deposits held with SAMA as well as other government assets.
External finances: +1 notch, to reflect the large size of sovereign net foreign assets, largely held as international reserves and the strong net external creditor position.
Fitch's SRM is the agency's proprietary multiple regression rating model that employs 18 variables based on three-year centred averages, including one year of forecasts, to produce a score equivalent to a LT FC IDR. Fitch's QO is a forward-looking qualitative framework designed to allow for adjustment to the SRM output to assign the final rating, reflecting factors within our criteria that are not fully quantifiable and/or not fully reflected in the SRM.
RATING SENSITIVITIES
The following factors could, individually or collectively, trigger negative rating action:
- Extended erosion of the fiscal or external positions, for example as a result of a failure to implement fiscal reforms or due to a renewed fall in oil prices; and
- Spill-over from regional conflicts or a domestic political shock that threatens stability or affects key economic policies or activities.
The following factors could, individually or collectively, trigger positive rating action:
- Fiscal reforms or an extended improvement in oil prices that are sufficient to put the budget on a path to a surplus and to reverse the decline in the government's net creditor position.
KEY ASSUMPTIONS
Fitch forecasts Brent crude oil prices to average USD52.5/b in 2017 and 2018 and USD55/b in 2019.
The full list of rating actions is as follows:
Long-Term Foreign- and Local Currency IDRs affirmed at 'A+'; Outlook Stable
Short-Term Foreign- and Local Currency IDRs affirmed at 'F1+'
Country Ceiling affirmed at 'AA'
Issue ratings on long-term senior unsecured foreign-currency bonds affirmed at 'A+'
Issue ratings on KSA Sukuk Limited global trust certificates (sukuk) affirmed at 'A+'
Contact:
Primary Analyst
Jan Friederich
Senior Director
+852 2263 9910
Fitch (Hong Kong) Limited
19/F Man Yee Building
68 Des Voeux Road Central
Hong Kong
Secondary Analyst
Krisjanis Krustins
Associate Director
+852 2263 9831
Committee Chairperson
James McCormack
Managing Director
+44 20 3530 1286
Media Relations: Peter Fitzpatrick, London, Tel: +44 20 3530 1103, Email: [email protected]; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: [email protected].
Additional information is available on www.fitchratings.com
Applicable Criteria
Country Ceilings Criteria (pub. 21 Jul 2017)
Sovereign Rating Criteria (pub. 21 Jul 2017)
Sukuk Rating Criteria (pub. 14 Aug 2017)
Additional Disclosures
Dodd-Frank Rating Information Disclosure Form
Solicitation Status
Endorsement Policy
sONO LOTTI DA 200 K LO CAPISCO , MA LE DURATE SONO RELATIVE E RATING ELEVATO (A+)
Fitch Affirms Saudi Arabia at 'A+'; Outlook Stable
02 NOV 2017 10:49 AM ET
Fitch Ratings-Hong Kong-02 November 2017: Fitch Ratings has affirmed Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook.
A full list of rating actions is at the end of this rating action commentary.
KEY RATING DRIVERS
Saudi Arabia's ratings are supported by strong fiscal and external balance sheets, including exceptionally high international reserves, low government debt, significant government assets and strong commitment to an ambitious reform agenda. These strengths are balanced by high oil dependence, the prospect of slow non-oil growth, weak World Bank governance and business environment indicators and large fiscal deficits.
The central government deficit is expected to narrow to 8.7% of GDP in 2017, from 17.2% in 2016, largely as a result of higher oil prices and because clearance of arrears that widened the 2016 deficit by 4.4% of GDP will no longer be necessary. The deficit will shrink more moderately in subsequent years to 5.4% of GDP in 2019. The government has indicated that expenditure may rise 4% next year, but a number of revenue measures should still lead to a significant improvement of the fiscal position. The government increased excise duties in June and expat levies in July and is still expected to raise energy costs before the end of the year. A 5% value added tax will be introduced at the beginning of 2018 and further energy price reforms and expat levies are also planned.
The measures are part of the government's ambitious reform agenda, the Vision 2030, which seeks to put public finances on a sustainable basis but also aims to reduce the dependence of the government on oil revenue. The planned sale of a 5% stake in Saudi Aramco will primarily be used to fund domestic investments to diversify the economy. As such it is likely to have a limited impact on the government's balance sheet. The government is also pursuing the privatisation of other state entities and seeks to attract private financing for a wide range of projects. There is a risk that the government may need to step in if private sector financing fails to materialise for some projects or revenue assumptions for public private partnership projects prove optimistic.
The government has financed its deficits by a combination of running down its deposits at the Saudi Arabian Monetary Authority (SAMA, the central bank) and by issuing domestic and external debt. As a result, general government deposits with SAMA are expected to continue declining, albeit at a slower pace, to 20.7% of GDP by 2019 from a peak of 57.7% in 2013 and 35.2% at end-2016. Meanwhile, central government debt is expected to rise to 24.9% of GDP in 2019, from 1.6% in 2014 and 13.1% in 2016. But at 19.1% of GDP in 2019, general government debt (excluding debt held by government entities) will still be well below the 'A' category median of 44.3%.
The recovery of oil prices has led to a sharp improvement in the current account balance, which is expected to be broadly balanced in 2017 and 2018 after a deficit of 4.3% of GDP in 2016. Nonetheless, international reserves have continued to decline, by USD51 billion during the first nine months of 2017, partly reflecting large errors and omissions. However, at 23 months of current external payments, SAMA reserves are well above the 'A' category median of five months.
Fitch expects GDP to contract 0.4% in 2017 as a whole, as OPEC oil production cuts outweigh a recovery in non-oil GDP induced by less tight fiscal policy, the stimulus from the payment of arrears at end-2016 and improved confidence. GDP should increase 0.8% in 2018, held back by non-oil revenue measures, and 1.3% in 2019. Inflation has remained negative during the first three quarters of 2017, but is likely to rise substantially as a result of energy price hikes and the new VAT. Fitch assigns Saudi Arabia's banking sector a Bank System Indicator of 'a', with only four jurisdictions receiving a higher rating. This reflects stable profitability, which has allowed the sector to build sizeable capital buffers against any downturn in the operating environment. The sector Tier 1 regulatory capital ratio was 17.2% at end-June 2017.
A change in the royal succession announced in June has put Mohammed bin Salman, the main driver behind the Vision 2030, next in line for the throne. This has reduced risks to the implementation of the reform agenda. However, risks that the line of succession is challenged remain and the ambition for wider social reform could also lead to increased resistance from conservatives. The boycott of Qatar by Saudi Arabia and several other countries in the region are unlikely to have a significant economic impact on Saudi Arabia. However, the drastic measure increases risks that tensions with Iran could escalate suddenly.
SOVEREIGN RATING MODEL (SRM) and QUALITATIVE OVERLAY (QO)
Fitch's proprietary SRM assigns Saudi Arabia a score equivalent to a rating of 'A-' on the Long-Term Foreign-Currency (LT FC) IDR scale.
Fitch's sovereign rating committee adjusted the output from the SRM to arrive at the final LT FC IDR by applying its QO, relative to rated peers, as follows:
Public finances: +1 notch, to reflect the large government deposits held with SAMA as well as other government assets.
External finances: +1 notch, to reflect the large size of sovereign net foreign assets, largely held as international reserves and the strong net external creditor position.
Fitch's SRM is the agency's proprietary multiple regression rating model that employs 18 variables based on three-year centred averages, including one year of forecasts, to produce a score equivalent to a LT FC IDR. Fitch's QO is a forward-looking qualitative framework designed to allow for adjustment to the SRM output to assign the final rating, reflecting factors within our criteria that are not fully quantifiable and/or not fully reflected in the SRM.
RATING SENSITIVITIES
The following factors could, individually or collectively, trigger negative rating action:
- Extended erosion of the fiscal or external positions, for example as a result of a failure to implement fiscal reforms or due to a renewed fall in oil prices; and
- Spill-over from regional conflicts or a domestic political shock that threatens stability or affects key economic policies or activities.
The following factors could, individually or collectively, trigger positive rating action:
- Fiscal reforms or an extended improvement in oil prices that are sufficient to put the budget on a path to a surplus and to reverse the decline in the government's net creditor position.
KEY ASSUMPTIONS
Fitch forecasts Brent crude oil prices to average USD52.5/b in 2017 and 2018 and USD55/b in 2019.
The full list of rating actions is as follows:
Long-Term Foreign- and Local Currency IDRs affirmed at 'A+'; Outlook Stable
Short-Term Foreign- and Local Currency IDRs affirmed at 'F1+'
Country Ceiling affirmed at 'AA'
Issue ratings on long-term senior unsecured foreign-currency bonds affirmed at 'A+'
Issue ratings on KSA Sukuk Limited global trust certificates (sukuk) affirmed at 'A+'
Contact:
Primary Analyst
Jan Friederich
Senior Director
+852 2263 9910
Fitch (Hong Kong) Limited
19/F Man Yee Building
68 Des Voeux Road Central
Hong Kong
Secondary Analyst
Krisjanis Krustins
Associate Director
+852 2263 9831
Committee Chairperson
James McCormack
Managing Director
+44 20 3530 1286
Media Relations: Peter Fitzpatrick, London, Tel: +44 20 3530 1103, Email: [email protected]; Wai-Lun Wan, Hong Kong, Tel: +852 2263 9935, Email: [email protected].
Additional information is available on www.fitchratings.com
Applicable Criteria
Country Ceilings Criteria (pub. 21 Jul 2017)
Sovereign Rating Criteria (pub. 21 Jul 2017)
Sukuk Rating Criteria (pub. 14 Aug 2017)
Additional Disclosures
Dodd-Frank Rating Information Disclosure Form
Solicitation Status
Endorsement Policy
waltermasoni
Caribbean Trader
Banca IMI S.p.A. Collezione Inflazione USA Serie I | Banca IMI - Prodotti e Quotazioni
comprate per cassettare
comprate per cassettare
waltermasoni
Caribbean Trader
Buy un lotto minimo 99,72 xs1791937441 nuova saudi Arabia 4% scadenza 2025.
Solo scopo cassetto
Research: Rating Action: Moody's affirms Saudi Arabia's A1 ratings, maintains stable outlook - Moody's
Solo scopo cassetto
Research: Rating Action: Moody's affirms Saudi Arabia's A1 ratings, maintains stable outlook - Moody's
waltermasoni
Caribbean Trader
oggi comprato EIB TF 3,25% GE24 USD US298785GJ95 rating ovviamente AAA
