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.
Flash Comment
EM: Fitch downgrades four CEE countries
Mon, Nov 10 2008, 10:30 GMT
by
Lars Christensen
- Danske Bank A/S
|
View company's profile
About this Report
Danske Bank A/S
danskeresearch@danskebank.com
Archive
-
"No disbursement without implementation"
Fri, Feb 10 2012, 09:24 GMT
-
China: Signs of slower import growth in distorted trade data
Fri, Feb 10 2012, 08:59 GMT
-
ECB meeting: Looking intensively at credit tightening risk
Fri, Feb 10 2012, 05:48 GMT
-
BoE does another £50bn QE - buying strategy changed
Thu, Feb 9 2012, 15:15 GMT
-
Greece is close to a deal
Thu, Feb 9 2012, 13:23 GMT
Advertisement
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.
