angy2008
Forumer storico
è comunque un HY al prezzo attuale, ben vengano IG se sono HY
Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (2 lettori)
- Creatore Discussione gionmorg
- Data di Inizio
fabriziof
Forumer storico
Giusto qui non guardiamo il rating ma il rendimento
Myskin
Forumer stoico
Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news
Lebanon - Credit Rating
Moody's: In Africa and the Middle East, domestic banking constraints intensify liquidity risks as global markets tighten
23 Jan 2019
Paris, January 23, 2019 -- Significant constraints on banks' capacity and willingness to absorb potential increases in government financing needs in the event of a shock are intensifying government liquidity risks in Angola (B3 stable), Bahrain (B2 stable), Ghana (B3 stable), Kenya (B2 stable) and Lebanon (Caa1 stable) Moody's Investors Service said in a report today.
The report, "Sovereigns -- Africa and Middle East, Domestic banking constraints intensify liquidity risks as global markets tighten", is available on www.moodys.com. Moody's subscribers can access the report using the link at the end of this press release. The research is an update to the markets and does not constitute a rating action.
The report assesses Middle East and African governments' capacity to fund their borrowing needs from domestic banks looking at banks' capacity and willingness to meet government borrowing needs. It also considers relevant changes in the regulatory environment that can influence banks' capacity and willingness. The report is focused on the countries where Moody's rates both the sovereign and banks.
"When governments' access to external markets is constrained and more costly, their capacity to finance borrowing needs from domestic banks is a key driver of their liquidity risk," said Lucie Villa, a Moody's Vice President -- Senior Credit Officer and author of the report. "In Angola, Bahrain, Ghana, Kenya and Lebanon, governments combine at least two of the following constraints: government borrowing needs are large relative to the size of their banking systems, banks' exposures to government debt are already high, deposit inflows are low relative to fiscal deficits."
The capacity of a banking system to absorb governments' borrowing needs is driven by the system's size, the scale of the government's gross borrowing requirement and the size and consistency of banks' own funding that can be invested in government securities.
Banks' willingness to provide finance is influenced by a range of qualitative factors. These can include policy credibility, or the risk-reward trade-off in lending to the private sector versus the government.
In Egypt, Nigeria and the Democratic Republic of the Congo, Moody's has identified pockets of vulnerabilities but expects governments to rely on domestic banks to cover their financing needs. Some constraints are apparent either because the banking system is very small or already largely invested in government securities, but these factors are mitigated by limited government financing needs or the system's high deposit growth.
There is scope for increased domestic bank financing of governments' needs in Mauritius and South Africa. Both countries have more developed financial sectors than the other countries covered by this report. Aside from substantial banking systems, non-bank financial institutions including insurance and pension funds provide stable and long-term funding to the government.
Moody's: Lebanon Government Formation Positive for Credit Rating
Lebanon - Credit Rating
Moody's: In Africa and the Middle East, domestic banking constraints intensify liquidity risks as global markets tighten
23 Jan 2019
Paris, January 23, 2019 -- Significant constraints on banks' capacity and willingness to absorb potential increases in government financing needs in the event of a shock are intensifying government liquidity risks in Angola (B3 stable), Bahrain (B2 stable), Ghana (B3 stable), Kenya (B2 stable) and Lebanon (Caa1 stable) Moody's Investors Service said in a report today.
The report, "Sovereigns -- Africa and Middle East, Domestic banking constraints intensify liquidity risks as global markets tighten", is available on www.moodys.com. Moody's subscribers can access the report using the link at the end of this press release. The research is an update to the markets and does not constitute a rating action.
The report assesses Middle East and African governments' capacity to fund their borrowing needs from domestic banks looking at banks' capacity and willingness to meet government borrowing needs. It also considers relevant changes in the regulatory environment that can influence banks' capacity and willingness. The report is focused on the countries where Moody's rates both the sovereign and banks.
"When governments' access to external markets is constrained and more costly, their capacity to finance borrowing needs from domestic banks is a key driver of their liquidity risk," said Lucie Villa, a Moody's Vice President -- Senior Credit Officer and author of the report. "In Angola, Bahrain, Ghana, Kenya and Lebanon, governments combine at least two of the following constraints: government borrowing needs are large relative to the size of their banking systems, banks' exposures to government debt are already high, deposit inflows are low relative to fiscal deficits."
The capacity of a banking system to absorb governments' borrowing needs is driven by the system's size, the scale of the government's gross borrowing requirement and the size and consistency of banks' own funding that can be invested in government securities.
Banks' willingness to provide finance is influenced by a range of qualitative factors. These can include policy credibility, or the risk-reward trade-off in lending to the private sector versus the government.
In Egypt, Nigeria and the Democratic Republic of the Congo, Moody's has identified pockets of vulnerabilities but expects governments to rely on domestic banks to cover their financing needs. Some constraints are apparent either because the banking system is very small or already largely invested in government securities, but these factors are mitigated by limited government financing needs or the system's high deposit growth.
There is scope for increased domestic bank financing of governments' needs in Mauritius and South Africa. Both countries have more developed financial sectors than the other countries covered by this report. Aside from substantial banking systems, non-bank financial institutions including insurance and pension funds provide stable and long-term funding to the government.
Moody's: Lebanon Government Formation Positive for Credit Rating
Near
Forumer storico
If Frontier Can Dodge Its Debt Risk, Its Equity Could Have 25x Upside By 2021
Feb. 6, 2019 11:11 AM ET
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77 comments
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About: Frontier Communications Corporation (FTR)
The GeoTeam
Information Arbitrage, long/short equity, growth at reasonable price, value
Marketplace
Geo Microcap Insights
(27,549 followers)
Summary
FTR is down about 97% in the last 5 years as the company's massive $17B debt load and out of date infrastructure have turned off potential equity investors.
We examine the company's debt maturity schedule and free cash flow estimates to arrive at the conclusion that it may not be the bankruptcy story the equity is pricing in.
If the company can dodge its bankruptcy risk, which we believe is possible, the equity could stand to have massive upside by 2021.
We explain our reasoning.
Looking for more? I update all of my investing ideas and strategies to members of Geo Microcap Insights. Start your free trial today »
iguanito
Forumer storico
Anche perchè credo che ci resterà ancora per poco IG
bia06
Listen other's viewpoint avoid conflicts & wars.
Post benvenuto, visto il rendimento.
Grazie per aver postato.
Grazie per aver postato.
Ma è IG!! É off topic.
fabriziof
Forumer storico
Stando a finra dovrei averlo preso ,così anche alliance one e noble 2045
fabriziof
Forumer storico
Questa per fortuna non me la dannoE di Legacy 2021
Maio72
Follow the white rabbit
apudmontem
Forumer storico
sears è stata salvata dal fallimento. accettata la proposta di acquisizione