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25 Ratings Raised Based Upon Reduced Risk Of FOREX Controls
Standard & Poors, Nov 2005
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) Nov. 3, 2005--Standard & Poor's Ratings Services said today that it raised 25 nonsovereign credit ratings-15 ratings in Latin America and 10 ratings in the Asia/Pacific region-following a review of the transfer and convertibility risk in these markets (see Ratings List). 'The evidence shows that sovereigns in political and economic stress are less likely to restrict nonsovereign entities' access to foreign exchange needed for debt service,' said Standard & Poor's Managing Director Laura Feinland Katz. 'As a result, Standard & Poor's today also raised the ratings associated with the risk of foreign exchange controls in 27 countries,' she added. An article published today and available on RatingsDirect, Standard & Poor's Web-based credit research and analysis...
Action: General Comment
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