Rating Agencies Exacerbate The Covid Crisis for Sovereigns
The three major credit rating agencies, S&P, Fitch, and Moody’s came under fire on July 18, 2020 at the G20 meeting of finance ministers. The only woman finance minister, Nirmala Sitharaman in the group picked up the cudgel against the rating agencies by...
Nomura, BDO, Sunac & Shimao Launch $ Bonds; Fitch Expects More Sovereign Downgrades
Markets are opening higher this morning despite a lack of any major news. The US was on holiday on Friday for Independence Day and US index futures are recovering Friday’s losses this morning and then some. July 3rd saw the record for daily cases globally but...
SIA Raises Funds; Pemex, South Africa, Oman Downgraded
At the time of this writing, Asian equity markets were lower with Topix down 4%, Nikkei down 3.65%, Kospi down 2.35%, Hang Seng down 1.6% and Shanghai composite down 1.37%. US markets were down 1%-2% on Friday and US futures are opening down around 1% this morning. US...
