Posts Tagged “Standard & Poor’s”

S&P says Republic Bank doing okay

by sinistra on October 5, 2009

Short note from rating agency Standard & Poor’s on Republic Bank (highlighting mine): S&P: Republic Bank Ltd. Counterparty Credit Ratings Affirmed At ‘BBB-/A-3′ With Stable Outlook * The bank’s financial performance has been stable through a period of tough economic (…)

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S&P’s move on Jamaica suggests there’s pain ahead

by sinistra on August 6, 2009

This is bad. S&P had previously assigned a rating of B- to Jamaica. In financial parlance, a B- rating sovereign rating suggests that the country is perceived as “high risk” by would-be lenders; in a word, “junk”. By downgrading Jamaica (…)

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Standard & Poor’s downgrades Sagicor Life Inc

by sinistra on July 28, 2009

I tend to bang on about these rating agency downgrades, but they are important. For those of you not familiar with these companies, their essence can be distilled thus:  ratings agencies are arbiters of creditworthiness. In other words, agencies like (…)

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