Articles sur Credit ratings agencies

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South Africa’s Finance Minister, Pravin Gordhan, left, chats with Lesetja Kganyago, Governor of the Reserve Bank of South Africa. Reuters/Siphiwe Sibeko

South Africa faces difficult times, but disaster is not inevitable

Pessimists aren't asking if the glass in South Africa is half full. They want to know if there's anything in the glass. The answer is a pleasant surprise.
South African finance minister Pravin Gordhan had to tread carefully to please many competing interests in his budget. shutterstock

South African finance minister forced to walk a difficult political tightrope

South Africa's finance minister means well, especially in his bid to cut public sector expenditure. But his success requires strong leadership and strategic alignment across the entire public sector.
South Africa’s Justice Sisi Khampepe swears in David van Rooyen as the new Minister of Finance while President Jacob Zuma looks on. EPA/Elmond Jiyane

Zuma’s leadership: political expediency versus the interests of South Africa

The sudden expulsion of the finance minister makes it hard not to be pessimistic about the South African government's ability to manage the difficult challenges it might face in 2016.
Qantas CEO Alan Joyce is under pressure, with the airline flagging a $300 million half-year loss. Alan Porritt/AAP

Runway to junk looms large for cash flow negative Qantas

Qantas has flagged deteriorating trading conditions and a potential A$300 million half-year loss in a statement to the market that has sent its share price tumbling. The airline has stepped up its cost…
Troubled bank is co-operating with the authorities. Rui Vieira/PA

What went wrong for the Co-op Bank?

Collapsing business deals, massive financial losses, and a “junk” rating have made recent months a nightmare for the Co-op Bank. In March it announced losses of £634m for the 2012 financial year, largely…
Subprime ratings have come back to haunt Standard and Poor’s, which is now facing civil action from the US government. AAP

US government’s lawsuit against S&P puts ratings agencies back in the spotlight

Five billion dollars is a lot of money — and that is the amount which the US Justice Department claims were losses incurred by US banks and credit unions from investing in CDOs rated by Standard &…
Italian Prime Minister Silvio Berlusconi’s austerity measures are misdirected and too dramatic. AAP

As Moody’s trashes Italy, voters can’t count on Berlusconi

The move by international ratings agency Moody’s to cut Italy’s credit rating for the first time in two decades will do little to ease concerns about the Eurozone’s debt crisis, despite global markets…
Standard & Poor’s could still downgrade the US credit rating, despite the debt ceiling deal. AAP

Explainer: the role of credit ratings agencies

Washington lawmakers in the US House of Representatives have passed an agreement hammered out between Republican and Democrat leaders designed to avert a US debt default. The move is a further step towards…
Despite attempts at regulatory reform, ratings agencies still act with little threat of litigation. AAP

Should investors sue ratings agencies? It’s a matter of opinion

Standard & Poor’s downgraded Greece’s sovereign debt rating by three notches on Monday, reflecting its view that it would be next to impossible to imagine a scenario where the country could restructure…
Ratings agencies face tougher rules, but how much regulation is too much? herval/flickr

Reining in credit rating agencies

The behaviour of credit rating agencies is back in the spotlight, as Portugal struggles with its large debt burden. Credit rating agency Fitch has copped some criticism for cutting Portugal’s credit rating…

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