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...Apollo says its AAA product has $5bn in institutional commitments from backers including the Japanese bank SuMi Trust. Apollo and Athene have $10bn committed to AAA....
...This enabled Indonesia to optimise its debt-service levels in the face of volatile markets....
...From the paper’s conclusion: Three data patterns suggest that the discretion is often exercised in a way that encourages firms to buy fee-based services from the S&P....
...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....
...S&P has a long-term issuer credit rating of ‘A’ on GE, the third-highest rung of rating after AAA and AA. The company is now on credit watch negative....
...Bankers close to SoftBank say discussions on a possible initial public offering of the mobile phone unit were aired a number of times over the past year but were recently expedited....
...S&P lowered its long-term rating on Hong Kong to AA+ from AAA on Friday after it cut its credit rating on China by one notch to A+ from AA-....
...They added: “Brinkmanship over the debt limit could ultimately have rating consequences, as failure to raise it would jeopardise the Treasury’s ability to meet debt service and other obligations.”...
...In fact, on Wednesday Fitch Ratings warned that a failure to raise the debt ceiling would potentially put America’s pristine ‘AAA’ rating in jeopardy....
...Both lending laws prohibit conditioning the provision of a loan on the customer buying other goods or services....
...Australia is one of only a handful of sovereign borrowers to enjoy the highest credit rating from all three major agencies – S&P, Fitch and Moody’s Investors Services....
...S&P has confirmed that the UK is likely to lose its final AAA credit rating....
...S&P has maintained its AAA/A-1 credit rating for Hong Kong, but warned that it could face a downgrade in the next year if economic weakness in mainland China continues....
...Even if only the callable capital committed by AAA-rated countries were incorporated into capital adequacy measures, it could expand loan portfolios by $1tn, as Standard &Poor’s (S&P) has noted....
...Indeed, while S&P this month maintained its AAA/A-1 credit rating for Hong Kong, it warned that the territory could face a downgrade in the next year if economic weakness in mainland China continues....
...The share of AAA-rated countries is now at an all-time low of 9.2 per cent, after the UK’s vote to leave the EU led to a double downgrade last month....
...S&P reduced the rating from “AAA” to “AA”, and warned that more cuts could be on the horizon....
...Fitch, which cut its rating on the UK to a notch below AAA level in 2013, said that leaving the EU would bring short-term disruption and long-term risks....
...The agency added that ExxonMobil’s credit measures will remain below its expectations for the ‘AAA’ rating through 2018....
...“Future arrangements regarding the export of services, including by the UK’s important financial services industry, are even more uncertain,” S&P said....
...Mortgage applications, net imports and a survey of the services sector all posted strong growth....
...That came as Standard & Poor’s lowered its credit rating on the UK to “AA-” from “AAA”, becoming the last of the three major ratings agencies to strip the country of the top triple-A rating....
...On Monday, S&P became the last of the major ratings agencies to strip the UK of its triple-A rating, as it downgraded the government’s debt to “AA” from “AAA”....
...The climb was the biggest since August 8, 2011, when the S&P 500 index plummeted by 6.7 per cent as investors reacted to ratings company S&P stripping the US of its top-notch “AAA” rating....
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