aI am extremely worried, because the state's and the municipalities' credit ratings
are like interconnected vessels,a Fandakova told Focus news agency.
Information on all credit ratings
assigned in accordance with the National Rating Scale may be found in THOMSON REUTERS and BLOOMBERG information systems.
These five have enjoyed a competitive advantage over their peers because the guidelines for many government, mutual fund and other institutional investment portfolios not only specify minimum credit ratings
for their securities, but also require that the ratings come from NRSROs.
The preferred shares of companies with stellar AAA credit ratings
are yielding about 7.
Speculation occurs when instruments with low credit ratings
or high default risks are purchased to obtain higher yields.
3 The 'Raison d'tre' of Credit Ratings
and Their Market
The merger deal was sealed in the last days of May 2010, and the newly-established "Agency for Credit Ratings
and Analyses" is to be listed with the Bulgarian Registry Agency.
These five enjoy a competitive advantage over their peers because the guidelines for many government, mutual fund and other institutional investment portfolios not only specify minimum credit ratings
for their securities but also require that the ratings come from NRSROs.
If ESRX succeeds in acquiring CMX, the transaction could result in a significant increase in leverage, which Fitch views as a potential negative for ESRX's and CMX's credit ratings
Currently, a CRA achieves NRSRO status by requesting a staff no-action letter from the SEC that states that SEC staff will not recommend enforcement action against persons who use an agency's credit ratings
for purposes of the SEC's net capital rule.
Furthermore, while access to capital is widely available from an array of lenders and investors, credit ratings
are established by a small group of raters using confidential procedures.
The order was followed by the downgrade of CVPS's corporate credit ratings
to junk bond status, which required CVPS to put up millions of dollars in collateral to assure performance of power contracts, and raised the cost of capital.