- Language: English
- 308 Pages
- Published: March 2013
- Region: Global
Long-Term Ratings On The Cook Islands Lowered To 'B+' On Updated Rating Methodology; Outlook Is Stable Dec 11
- Published: December 2011
- Region: Cook Islands
- Standard & Poors
MELBOURNE (Standard & Poor's) Dec. 15, 2011--Standard & Poor's Rating Services said today that it had lowered its long-term local and foreign currency sovereign credit ratings on the Cook Islands to 'B+' from 'BB-'. At the same time, we affirmed the short-term credit rating on the Cook Islands at 'B'. The outlook on the local and foreign currency ratings is stable. The transfer and convertibility assessment for the Cook Islands remains 'AAA', which is the same as for New Zealand because of the Cook Islands' use of the New Zealand dollar. "The lowering of the ratings follows the implementation of Standard & Poor's methodology and assumptions for rating sovereign governments with limited external data," explained Standard & Poor's credit analyst...
Companies mentioned in this report are: Cook Islands
Action: Outlook: Stable
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.
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