Mark Schaltuper, Head of Europe Country Risk and Financial Markets, and Tim Cooper, Chief Economic Strategist, come together to discuss Business Monitor’s latest Special Report titled “Market Meltdown: Global Economy On The Edge”. With the US reeling from debt concerns after losing its AAA credit rating, the eurozone dogged by the ongoing sovereign debt crises,… [Read more]
In Business Monitor Online today, we carry two special features on Standard and Poor’s (S&P)’s downgrade of the United States’ credit rating to AA+ on August 5. In the first article, we answer the following questions: Why has the US credit rating been downgraded? What does it mean to be rated AA+ rather than AAA?… [Read more]
Looking at recent economic data and leading indicators, such as the Ifo Business Climate Index, I get the impression that the economic recovery of Europe’s largest economy knows no bounds. Indeed, after posting its fastest economic growth rate since re-unification (at 2.2%), my colleagues at Business Monitor International have upgraded their real GDP growth forecast… [Read more]
China’s Dagong Global Credit Rating Co earlier this week released what it described as the first ever assessment of sovereign credit risks by a non-Western ratings agency. Dagong’s report covers 50 countries (20 in Europe, 17 in Asia, 2 in North America, 6 in South America, 3 in Africa, and 2 in Oceania) comprising 90%… [Read more]
Sovereign risk roared back on to the agenda this week after Fitch Ratings agency downgraded Greece’s sovereign issuer default rating to ‘BBB+’ on December 9. We discuss the tactical market implications for the eurozone and the strategic risks posed by further downgrades in the region going forward.
