Analisi Intermarket ....quelli che.... Investire&tradare - Cap. 1 (4 lettori)
- Creatore Discussione Novenove
- Data di Inizio
- Stato
DDUKE
Viva i popoli, Viva le Nazioni europee, fanculo U€
incominciamo di prima mattina con le mega mega mega cavolate alla ennesima potenza.
Gli USA che dicono alla Cina che compra gli USA....che palle ste agenzie, sembran tanto i nostri politicanti...pensano di poter andare all'infinito.
Novenove
Moderator
allora due emissioni una a 3 anni con rendimento circa del 6,5%
l'altra a 7 anni con rendimento circa del 7,5%
size minima 100k
chi ha i dane' ....sarebbero da fare
Novenove
Moderator
Fiat: annuncia emissione obbligazionaria in euro (RCO)allora due emissioni una a 3 anni con rendimento circa del 6,5%
l'altra a 7 anni con rendimento circa del 7,5%
size minima 100k
chi ha i dane' ....sarebbero da fare
Nell'ambito del programma di Global Medium Term Notes
(Il Sole 24 Ore Radiocor) - Milano, 05 lug - Fiat Spa
annuncia l'intenzione di procedere ad un'emissione
obbligazionaria in euro, che potra' essere articolata in uno
o piu' prestiti obbligazionari benchmark con differenti
scadenze. L'emissione sara' effettuata, subordinatamente alle
condizioni di mercato, dalla controllata Fiat Finance and
Trade Ltd, nell'ambito del programma di Global Medium Term
Notes garantito da Fiat Spa. I termini finali di emissione,
precisa una nota del gruppo, saranno determinati al momento
del pricing in base alle condizioni di mercato. Per le
obbligazioni, collocate solo al di fuori degli Stati Uniti,
sara' richiesta la quotazione presso la Borsa irlandese.
Com-chm-
(RADIOCOR) 05-07-11 09:24:10 (0066) 3 NNNN
Novenove
Moderator
size minima 100k anche x queste
gipa69
collegio dei patafisici
Ora siamo in uno scenario discretamente positivo per i mercati azionari ma la guerra tra i colossi nazionali si fa sempre più virulenta sebbene nascosta da una patina di accordo.... le agenzie di rating sono usate come clave per indebolire la aree altrui a attirare i capitali nella propria area per compensare il deleveraging.... a breve la risposta emergente....
"Moody's Investors Service says that the potential scale of the problem loans at Chinese banks may be closer to its stress case than its base case, according to an assessment that the rating agency conducted following the release of new data by China's National Audit Office (NAO).
When considering the apparent absence of a clear master plan to deal with this issue, Moody's also views the credit outlook for the Chinese banking system as potentially turning to negative.
"We assume that the majority of loans to local governments are of good quality, but based on our assessment of the loan classifications and risk characteristics, as provided by the NAO and other Chinese agencies, we conclude that the banks' exposure to local government borrowers is greater than we anticipated," says Yvonne Zhang, a Moody's Vice President and one of the authors of the report.
Of the RMB 10.7 trillion (about $1.6 trillion) of local government debt examined by the Chinese audit agency, RMB 8.5 trillion ($1.3 trillion) was funded by banks. However, Moody's has identified another potential RMB 3.5 trillion ($540 billion) of such loans that the Chinese auditors did not discuss in their report.
"When cross-examining the findings by the June 27 NAO report -- in conjunction with reports from Chinese banking regulators -- we find that the Chinese audit agency could be understating banks' exposures to local governments by as much as RMB 3.5 trillion," says Zhang.
"Since these loans to local governments are not covered by the NAO report, this means they are not considered by the audit agency as real claims on local governments. This indicates that these loans are most likely poorly documented and may pose the greatest risk of delinquency," the analyst adds.
Moody's report estimates that the Chinese banking system's economic non-performing loans could reach between 8% and 12% of total loans, compared to 5% to 8% in the rating agency's base case, and 10% to 18% in its stress case.
In the report, the rating agency examines various scenarios as to how banks could tackle problem loans, including some where the government provides assistance, but Moody's generally expects the Chinese authorities to implement gradual discipline.
"Moody's Investors Service says that the potential scale of the problem loans at Chinese banks may be closer to its stress case than its base case, according to an assessment that the rating agency conducted following the release of new data by China's National Audit Office (NAO).
When considering the apparent absence of a clear master plan to deal with this issue, Moody's also views the credit outlook for the Chinese banking system as potentially turning to negative.
"We assume that the majority of loans to local governments are of good quality, but based on our assessment of the loan classifications and risk characteristics, as provided by the NAO and other Chinese agencies, we conclude that the banks' exposure to local government borrowers is greater than we anticipated," says Yvonne Zhang, a Moody's Vice President and one of the authors of the report.
Of the RMB 10.7 trillion (about $1.6 trillion) of local government debt examined by the Chinese audit agency, RMB 8.5 trillion ($1.3 trillion) was funded by banks. However, Moody's has identified another potential RMB 3.5 trillion ($540 billion) of such loans that the Chinese auditors did not discuss in their report.
"When cross-examining the findings by the June 27 NAO report -- in conjunction with reports from Chinese banking regulators -- we find that the Chinese audit agency could be understating banks' exposures to local governments by as much as RMB 3.5 trillion," says Zhang.
"Since these loans to local governments are not covered by the NAO report, this means they are not considered by the audit agency as real claims on local governments. This indicates that these loans are most likely poorly documented and may pose the greatest risk of delinquency," the analyst adds.
Moody's report estimates that the Chinese banking system's economic non-performing loans could reach between 8% and 12% of total loans, compared to 5% to 8% in the rating agency's base case, and 10% to 18% in its stress case.
In the report, the rating agency examines various scenarios as to how banks could tackle problem loans, including some where the government provides assistance, but Moody's generally expects the Chinese authorities to implement gradual discipline.
- Stato