Hints and tips:
...Shanghai-based Shimao, named after a father and son duo who have run the company since 2001, was rated investment grade by Fitch and deemed a safe bet....
...Job moves Law firm Paul Weiss has hired Kenneth Ziman as a partner in its restructuring practice, based in New York. He was previously a managing director at Lazard....
...Harvard economist Kenneth Rogoff has written extensively on the role of excessive debt in financial crises. In this case, however, he sees the borrowing as necessary....
...Moody’s and Fitch own 49 per cent of local JVs, though they have minimal influence over operations....
...Standard & Poor’s and Fitch have downgraded UK public debt. Investors have savaged bank shares. So far, the experts, dismissed by Michael Gove, justice secretary, have been proved right....
...The paper, by Harvard academics Carmen Reinhart and Kenneth Rogoff, suggested that countries whose debt levels exceed 90 per cent of national income are prone to slow growth....
...They would have also dealt with rating agencies, such as Fitch, which have become increasingly nervous about the impasse....
...Shares in Abercrombie & Fitch fell 2.4 per cent to $47.83 on the day....
...But Kenneth Rogoff and Carmen Reinhart, two of the most distinguished experts on debt crises, have examined the records of the League of Nations and other international bodies to map the shifting fortunes...
...In addition, the agency assumes that a majority of compensatory damages will be met via the independent claim facility that is administered by Kenneth Feinberg, reducing BP’s reliance on committed credit...
...Brian Coulton, head of Fitch sovereign ratings in Europe, said that a hung parliament “was a risk we were aware of.”...
...‘A tragedy,’ Kenneth Clarke, the British Conservatives’ shadow business secretary, said....
...Of the 14 countries that enjoy the top AAA rating for creditworthiness with all three rating agencies – Fitch, Moody’s, and Standard and Poor’s – 10 have coalitions or minority governments including Germany...
...As economists Larry Hatheway and strategist Kenneth Liew write on Friday (our emphasis): In our view, a large correction remains fundamentally unwarranted....
...This month Moody’s cut SEB to A1 and Fitch downgraded Swedbank to A....
...In October, Fitch warned that default was “a real possibility”, saying: “The margin of safety to endure these threats in a cyclical downturn has largely been exhausted.”...
...Brian Coulton, Fitch Ratings The crisis has hit the advanced economies hardest and within this those that had previously been most reliant on strong credit growth....
...Fitch Ratings has formed a global infrastructure and project finance team, drawing on senior analysts from its corporate, structured, project and public finance groups....
...Kenneth Gill, managing director for CDOs at Fitch, said that defaults could only go up, but echoed the comments of many when he said there was unlikely to be a flood in terms of either the number or value...
...“Investors should have few remaining illusions about the reality of the rising rate and widening spread environment that has unfolded,” said Kenneth Hackel and Karine Mercado, authors of the report....
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