Standard & Poor's Fundamentals of Corporate Credit Analysis by Blaise, Ganguin

Standard & Poor's Fundamentals of Corporate Credit Analysis



Download eBook




Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin ebook
Page: 463
Publisher: McGraw-Hill
Format: pdf
ISBN: 0071454586,


Yann Le Pallec, Executive Managing Director at EMEA, Standard and Poor's, argues for the importance of credit agencies, and explains both the benefits and the potential pitfalls that their work can bring to investors. In-depth analysis on Credit Writedowns Pro, now with big discounts for regular readers. There has been much debate in recent years about the role But our ratings opinions can and do change, as our views of the fundamental creditworthiness of a borrower or debt security may change over time. Government from “stable” to “negative" because of the budget deficit and rising debt. The following is the rationale for the ratings action Standard and Poor's took earlier today in downgrading the sovereign debt ratings of Spain Overview. Austan Goolsbee, the chairman of the White House Council of Economic Advisers, said Standard & Poor's made a “political judgment” when it dropped its outlook for the U.S. €�We believe there is a material risk that U.S. Policy makers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013,” credit analyst Nikola G. €�Vinashin's woes highlight the lack of transparency, weak accountability, and poor corporate governance in Vietnam,” said S&P credit analyst Ivan Tan. This doesn't mean QE did nothing (I think it (Figure 2 – Corporate Profits vs S&P 500) .. Well, I think the fiscal policy and lack of transfers have played a larger role than you're giving credit for. According to the State Audit of Vietnam, many state-owned enterprises “Vinashin has created significant uncertainty over the likelihood of a government bailout, further highlighting the importance of sound credit risk assessment based on borrowers' fundamentals. All those people screaming about the ill effects of deficit spending and hyperinflation in recent years missed the very explainable and fundamental driver of the profits momentum.