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(RT.com) International rating agency Moody’s has downgraded its credit rating for Brazil to its lowest investment grade, from Baa2 to Baa3. However, the outlook on the rating was changed to stable from negative, suggesting there will be no more changes over the next 12-18 months. The downgrade was driven by Brazil’s weak economic growth and rising government spending. “Moody’s estimates that GDP growth of at least 2 percent and primary ...Read full article...
Terra.es Abril 5, 2011 La agencia de calificación crediticia Moody’s ha recortado en un escalón la nota de solvencia de Portugal a ‘Baa1’ desde ‘A3’ y la ha situado en revisión para una posible rebaja adicional. Portugal sigue rebajando su fortaleza. La agencia de calificación Moody’s ha recortado en un escalón su nota de solvencia. No obstante, a pesar de la rebaja de este martes, Moody’s aún mantiene la ...Read full article...
The Spanish government is preparing a plan to outsource the control of the people’s banks by demanding larger reserves in a short period of time. The result? Banks will probably not make it and the government will ask foreign investors to take control of the Cajas. AFP March 6, 2011 Spain’s ailing regional savings banks are scrambling to raise billions of euros of fresh funds to meet strict new ...Read full article...