Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (7 lettori)
- Creatore Discussione gionmorg
- Data di Inizio
waltermasoni
Caribbean Trader
Fitch Revises Croatia's Outlook to Positive; Affirms at 'BB+'
06 JUL 2018 4:06 PM ET
Link to Fitch Ratings' Report(s): Croatia - Rating Action Report
Fitch Ratings-London-06 July 2018: Fitch Ratings has affirmed Croatia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' and revised the Outlook to Positive from Stable.
A full list of rating actions is at the end of this rating action commentary.
KEY RATING DRIVERS
The revision of the Outlook on Croatia's 'BB+' Long-Term IDRs to Positive from Stable reflects the following key rating drivers and their relative weights:
High
Fitch forecasts Croatia to run a budget surplus of around 0.4% of GDP in 2018, following a surplus of 0.8% in 2017. This would be an outperformance of the government's own target of a deficit of 0.5% of GDP, owing to the favourable 2017 starting point, commitment to expenditure targets, falling interest costs and strong revenue growth. The European Commission (EC) forecasts a 2018 surplus of 0.7% of GDP. Croatia outperformed its 2017 budget target by 2.1% of GDP and its 2016 target by 1.5% of GDP.
For 2019, Fitch forecasts a balanced budget, compared with the government's target of a deficit of 0.4% of GDP in its Convergence Plan (CP), based on similar dynamics as in 2018. Statements by government ministers suggest likely cuts in VAT, personal income tax or social contributions in 2019. However, these are already included in the CP base line. The CP envisages a deficit of 0.4% in 2019, a balanced budget in 2020 and a surplus of 0.5% in 2021.
Fitch expects the combination of persistent primary budget surpluses (2.9% of GDP in 2018), low interest rates and healthy GDP growth to contribute to a continued marked reduction in gross general government debt. Public debt/GDP fell by 2.7pp to 77.5% at end-2017, from a peak of 84% at end-2014, and Fitch projects it to fall to around 71% by end-2019. Nevertheless, it remains well above the current 'BB' range median of 45% at end-2017.
06 JUL 2018 4:06 PM ET
Link to Fitch Ratings' Report(s): Croatia - Rating Action Report
Fitch Ratings-London-06 July 2018: Fitch Ratings has affirmed Croatia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' and revised the Outlook to Positive from Stable.
A full list of rating actions is at the end of this rating action commentary.
KEY RATING DRIVERS
The revision of the Outlook on Croatia's 'BB+' Long-Term IDRs to Positive from Stable reflects the following key rating drivers and their relative weights:
High
Fitch forecasts Croatia to run a budget surplus of around 0.4% of GDP in 2018, following a surplus of 0.8% in 2017. This would be an outperformance of the government's own target of a deficit of 0.5% of GDP, owing to the favourable 2017 starting point, commitment to expenditure targets, falling interest costs and strong revenue growth. The European Commission (EC) forecasts a 2018 surplus of 0.7% of GDP. Croatia outperformed its 2017 budget target by 2.1% of GDP and its 2016 target by 1.5% of GDP.
For 2019, Fitch forecasts a balanced budget, compared with the government's target of a deficit of 0.4% of GDP in its Convergence Plan (CP), based on similar dynamics as in 2018. Statements by government ministers suggest likely cuts in VAT, personal income tax or social contributions in 2019. However, these are already included in the CP base line. The CP envisages a deficit of 0.4% in 2019, a balanced budget in 2020 and a surplus of 0.5% in 2021.
Fitch expects the combination of persistent primary budget surpluses (2.9% of GDP in 2018), low interest rates and healthy GDP growth to contribute to a continued marked reduction in gross general government debt. Public debt/GDP fell by 2.7pp to 77.5% at end-2017, from a peak of 84% at end-2014, and Fitch projects it to fall to around 71% by end-2019. Nevertheless, it remains well above the current 'BB' range median of 45% at end-2017.
skarlatti
Forumer storico
MBIA inc. che ne dite? ultimamente il businness sta andando maluccio ma mi rincuora i 9 miliardi di assets tra cui 1 miliardo di cash e ne gli ultimi mesi hanno ridotto il debito che ora è di 5,7 miliardi.
secondo me le emissioni più interessanti: Bonds Detail Bonds Detail
secondo me le emissioni più interessanti: Bonds Detail Bonds Detail
Near
Forumer storico
Lunedì fine del festival dei ribassi
salice02
Forumer storico
Speruma ben!!Lunedì fine del festival dei ribassi
impegnativo
Guest
Teva Pharmaceutical Finance 4,1% 2016-46 ISIN US88167AAF84
Io guardo questa.
Io guardo questa.
Maio72
Follow the white rabbit
Ma a parte il titolo da scegliere sulla base delle proprie propensioni personali. Una vostra visione sull'azienda?
Personalmente i dati non mi appaiono per nulla buoni TEVA Teva Pharmaceutical Industries Limited Stock Quote
Tutti gli indici sono in negatico Roe, Roi, Redditività, Utile, etc.
Near
Forumer storico
ovviamente non sono nessuno per dare lezioni
segnalo solo che comunque un'azienda farmaceutica può avere criticità od opportunità dietro l'angolo.
anche teva ha il suo blockbuster copaxone che perderà quote di mercato di fronte ai generici ma intanto ne sta perdendo meno e più lentamente del previsto quindi gli introiti di teva reggono.
oppure delle opportunità: un farmaco la cui sperimentazione è arrivata finalmente al termine e va sul mercato conquistando quote su quote.
queste cose gli indici non te le dicono, semplicemente va tutto bene fino a un punto e poi giù, oppure va tutto male fino a un punto e poi boom.
valeant aveva il colera ma superato quel periodo siamo tornati alla parità
e alle call 
Impressiona positivamente gli analisti la strategia di Teva per risollevare le sorti del gruppo
Teva: stop a studio fremanezumab (emicrania) | Daily Health Industry
Here’s What To Do With Teva Pharmaceutical Industries Limited (TEVA), Dell Technologies Inc. (DVMT) | Post Analyst
https://www.fool.ca/2018/07/06/despite-fda-rejection-valeant-tsxvrx-stock-is-ready-to-soar/
skarlatti
Forumer storico
sta passando un momendo difficile ma nell'ottica dei bond secondo me sono un occasione... hanno 70 miliardi di assets totali tra cui 1 miliardo di cash contro 29 miliardi di debito. ad esempio la '26 rende il 6% non è male secondo me Bonds Detail