Flash Comment
7
0
EM: Fitch downgrades four CEE countries
Mon, Nov 10 2008, 10:30 GMT
by Lars Christensen
The bad news continues on the rating front for Central and Eastern Europe. This morning the rating agency Fitch downgraded four CEE countries: Romania, Bulgaria, Hungary and Kazakhstan. Bulgaria and Kazakhstan were each downgraded by one notch to BBB-. Hungary was lowered from BBB- to BBB. Romania was lowered by two notches to BB+. Hence, Fitch no longer rates Romania as 'investment'. Now both S&P and Fitch have downgraded Romania to 'junk' status.
Published on Mon, Nov 10 2008, 10:32 GMT
Archive
- Lithuania: New Minister of Finance
Published On Fri, Jul 3 2009, 10:28 GMT - China: Manufacturing PMI only slightly up in June
Published On Wed, Jul 1 2009, 13:50 GMT - EMEA PMI data tick up, Turkey surprises positively
Published On Wed, Jul 1 2009, 11:48 GMT - Russia considers bank bail-out
Published On Fri, Jun 26 2009, 10:16 GMT - South Africa: SARB surprises and keeps interest rates on hold
Published On Thu, Jun 25 2009, 14:40 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
EMEA Daily - We expect a 50bp rate cut from the Romanian central bank by Danske Bank A/S
Tue, Jun 30 2009, 06:39 GMT
EMEA Daily - Monetary policy meeting in Hungary, key event of the day by Danske Bank A/S
Mon, Jun 22 2009, 06:34 GMT
Weekly Economic and Financial Commentary - A Few Good Numbers; New Reserve Currency? by Wachovia
Fri, Mar 27 2009, 17:26 GMT
Daily Forex Strategy Briefing - Greenback Mixed on Gloomy US Data by CMS Forex
Wed, Jan 7 2009, 01:17 GMT
Daily Forex Strategy Briefing - Yen Falls as Risk Aversion Decreases by CMS Forex
Tue, Jan 6 2009, 00:53 GMT
romania, europe, kazakhstan, bulgaria
View AllRelated content
Romania Jan-May New Car Sales Fall 49% On Year - Mediafax
Dow Jones | Tue, Jun 23 2009, 11:52 GMT
EU, Romania Reach Deal On EUR5 Billion Financial Rescue Loan
Dow Jones | Tue, Jun 23 2009, 10:46 GMT
Bulgarian Inflation Slows In March To 4% From Feb's 5.4%
Dow Jones | Tue, Apr 14 2009, 08:41 GMT
EUR/USD reaches the support line at 1.3109
FXstreet.com | Fri, Apr 10 2009, 07:20 GMT
Kazakh Ctrl Bk Mar Gold, Forex Reserves $18.89B, -3.9% On Mo
Dow Jones | Tue, Apr 7 2009, 06:45 GMT
romania, europe, kazakhstan, bulgaria
View AllInterested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.