Showing posts with label Downgrade. Show all posts
Showing posts with label Downgrade. Show all posts

Saturday, March 2, 2013

Russell Indexes to Reclassify Greece as Emerging Market


By Nina Mehta - Mar 2, 2013 2:43 AM GMT+0200
Bloomberg
Russell Investments, which advises funds with $2.4 trillion in assets, will reclassify Greece from a developed to an emerging market, following a four-year recession in which the country’s economy shrank 20 percent.
Greece, which was raised to developed market status by the New York-based adviser in 2001, has failed one or both of Russell Indexes’ economic and operational risk assessments each year since 2011, according to a note on the company’s website. Relegation to emerging market status will force managers to buy and sell shares to align holdings with their funds’ criteria.

Saturday, January 14, 2012

France Loses AAA Status as S&P Wields Ratings Ax


Bloomberg
The first gauge of the report’s impact will come in two days when France sells as much as 8.7 billion euros…
U.S. Treasuries rose, pushing yields to the lowest levels this year…
Perhaps this will now concentrate the minds of EU policy makers making them realize that no country is immune to being pulled down by the euro crisis…
Greece’s creditors yesterday suspended talks…
The French and Austrian downgrades risk sapping the potency of the region’s current rescue program…