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News about Fitch
Fitch revises Lithuania’s outlook to stable; affirms at BBBThe governmental initiatives to ramp-up the Lithuanian economic scenario look set to bear results. The latest good news came as Fitch ratings last week announced that it had changed the Republic of Lithuania’s outlook to Societe Generale may increase BelRosBank capital France’s Societe Generale (SC) is considering increasing the capital of BelRosBank, informs the press service of the Belarusian bank. Jean-Louis Mattei, Head of SG International Retail Banking, announced these plans at a recent meeting with Fitch confirms ratings on five Azerbaijani banks Fitch international rating agency recently affirmed five Azerbaijani banks’ Long-term Issuer Default Ratings (IDRs). They are Accessbank (AB) at BB+, AGBank (AGB) at B-, Demirbank (Demir) at B-, Unibank Commercial Bank (UB) at B- and BOV announces 4.80% 10-Year Bond Issue Bank of Valletta has announced that it has received regulatory approvals in relation to the issue of 50 million euros Subordinated Bonds with a coupon of 4.8% redeemable in 2020, with a nominal value of Portuguese planning more spending cuts from 2011 The Portuguese government would implement newly designed measures to trim its expenses starting from 2011, Finance Minister Fernando Teixeira dos Santos recently announced. The measures would form part of the efforts to intensify the budget Fitch affirms negative outlook at BBB- Fitch ratings recently announced that it has affirmed the Republic of Croatia’s sovereign Long-term foreign currency Issuer Default Rating (IDR) at BBB- and long-term local currency IDR at ‘BBB’, reads a press release. The Outlooks Greece is only the beginning Spanish Prime Minister Jose Luis Rodriguez Zapatero, whose country now holds the European Union’s rotating presidency, said last week that his fellow Socialist Greek counterpart George Papandreou is doing a good job curbing the infamous Moody’s upgrades NBU rating International rating agency Moody’s Investors Service recently upgraded the long-term foreign currency deposit rating of the National Bank of Uzbekistan to B2 from B3. The agency also affirmed long-term local currency deposit rating of Ba3 Papandreou, Papaconstantinou urge calm in the face of pressure Greek Prime Minister George Papandreou met with Finance Minister George Papaconstantinou on 8 December, with the latter advising calm in the face of exerted international pressure due to the state of the Greek economy. Papaconstantinou State support for the needy banks In the aftermath of the last credit crunch, which forced the governments of the US, the European Union countries and a large number of other industrial or developing countries, to support the banking sector with Espirito Santo issues €400 mln in subordinate notes Espírito Santo Financial Group S.A. announced the successful launch of €400,000,000 6.87% Subordinated Notes due 2019. Closing came on 21 October. The Subordinated Notes are expected to be rated Baa1 by Moody’s Investors Service, Inc. Fitch affirms Serbia at BB-; outlook negative Fitch Ratings recently affirmed the Republic of Serbia’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BB-’. The outlook is negative. Simultaneously the agency affirmed the Short-term foreign currency IDR at ‘B’ and Ukraine thinks about gas debts The Ukrainian government confirmed on 22 October the concept of development and modernization of the gas transport system for 2009-2015. Ukraine’s Fuel and Energy Minister Yuriy Prodan mentioned a focus on the technical re-equipment of Fitch rates Lithuanias coming eurobond BBB FITCH Ratings on 7 October assigned Lithuanias upcoming fixed-rate dollar-denominated eurobond, which has a maturity date of 2015, a BBB rating, the agency announced. The rating is in line with Lithuanias Long-term foreign currency Issuer Sounds like hypocrisy, starts with D Democracy in Europe has a funny connotation. It exists maybe, is run by those who haven’t considered it as a reputable path to power and yet seems to come up in almost every sentence referencing Fitch cuts rating, warns on GDP fall Global credit ratings agency Fitch had downgraded Armenia‘s long-term foreign and local currency Issuer Default Ratings to BB- from BB. Reducing the debt rating by one notch, Fitch warned the ex-Soviet republic is facing one Fitch upgrades BRE Bank's long- and short-term ratings Poland's leading financial institution BRE Bank turned out to be the only Polish bank to have its rating upgraded. On May 8, 2009, Fitch Ratings announced upgrade of BRE Bank's long- and short-term ratings. At Fitch rates Uzbekistan Microcreditbank at B- Fitch Ratings recently assigned Uzbekistan-based Microcreditbank (MCB) a Long-term Issuer Default Rating (IDR) of B- (B minus). The outlook is stable. MCBs Long- and Short-term IDRs are underpinned by potential support from the Uzbek authorities, Fitch: long-term IDR on rating watch negative Fitch Ratings recently placed on Kazakhstans Long-term foreign currency Issuer Default Rating (IDR) of BBB- (BBB minus) and its Long-term local currency IDR of BBB on Rating Watch Negative (RWN), reads a press release. The Fitch Ratings says financial crisis lesser? impact on Cyprus Governor of the Central Bank of Cyprus Athanasios Orphanides and representatives of a leading global rating agency Fitch Ratings reached the conclusion, during a meeting in Nicosia, that the economy of Cyprus appears to be |
A few years ago, the European Commission selected the company Hudson/DeWitte & Morel to organize an Assessment Centre for Senior The former leader of the European Tories Conservative party was ejected from after defeating the As Bart Staes, a Member of the European Parliament (MEP) from Belgium and the Group EADS learns the US fix was in for Boeing Greek Lessons for Europe About interest rates and public interest EU’s Arctic Policy skating on thin ice Morocco needs tougher talk, sweeter carrots The Truth About Turkish Cypriot Isolation Reluctant EU tailors tough bail-out deal for near-bankrupt Greece Without homeland, Blair says no hope for Palestinians, peace Yes to the European Monetary Fund Spain dismantles a big hacker network Banks can create and destroy -... Banks can create money. This time-cherished truth opened the way to the last credit crisis, which still threatens the world Down with the bankers, loan sharks... Europeans have rightfully blamed greedy American bankers whose blood lust for money caused the worldwide recession that put scores of EU says ok to Greek deficit... After the European Union once again delayed any decision on whether to bail out Greece as the country struggles to Farage To Belgium: "I'm Sorry"... Speaking to New Europe ahead of his meeting with Parliament President, Jerzy Buzek, the unrepentant EFD Leader spoke about being Spanish Presidency plan for electric... Spanish Prime Minister Jose Luis Rodriguez Zapatero, whose country holds the rotating European Union presidency, has pledged to present a World unites in Haiti aid effort:... With the whole world watching, as Haiti tries to recover from the 7-richter earthquake that has reportedly killed 50,000, a Although the European Parliament dealt a surprise defeat to an EU-US deal that would have allowed American investigators to look US President Barack Obama on 16 February announced $8 billion worth of loan guarantees to In what is gearing up to be the event of the Defense calendar 2010, UK Even if you’re on the right track, you’ll get run over if you just sit The Baltic states of Latvia and Lithuania said on 24 February that they remained to be convinced that the sale Military forces from Russia and Ukraine will resume a naval exercise last held seven years On a visit to New Delhi to visit political and business leaders, Russian Prime Minister Russian oligarch Boris Berezovsky on 10 March won libel damages of GBP 150,000 ($223,000) after Will China redefine great power politics?
China is presenting its ascent not as a power shift, but as a paradigm shift. The worldwide economic recession has had European Union businesses keenly eyeing China for continuing markets, Showing there is still some major differences between the European Union and China in areas |
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