Senior Unsecured Regular Bond/Debenture, Downgraded to Baa1 Rating Under Review from A3 Negative; Placed Under Review for further
DowngradeRationale for placing OPWP and the other six issuers ratings on review for
downgradeHe argued that the
downgrade came largely as a result of the availability of foreign currency on the Egyptian market and the ease with which it could be distributed to clients, especially considering constant fluctuations in the country's foreign currency exchange rate.
Users of Windows 7 may skip Vista entirely when downgrading, this news comes after Microsoft would continue to support XP until April 30th 2010, the Win 7 Professional to XP Pro
downgrade OS will also discontinue on the same day.
Contrast the earnings
downgrades in Japan with Samsung Electronics of South Korea.
The placement under review for
downgrade of UAB's long-term ratings and the extensionof the review for
downgrade on NBO's long-term ratings incorporate:
Expert:
Downgrade timing casts doubt over IMF negotiations
The covered bond ratings of Banco Santander Totta (Aa3 on review for
downgrade) and Caixa Economica Montepio Geral (Baa3 on review for
downgrade) were not affected by this action.
The rating actions on Bradesco Seguros and SASA follow the
downgrade of Brazil's long-term IDRs to 'BB-'/Outlook Stable from 'BB'/Outlook Negative (for further information, see 'Fitch
Downgrades Brazil's Ratings to 'BB-'; Revises Outlook to Stable', dated Feb.
The
downgrade actions follow and are in response to Moody's
downgrade of
Today's rating actions follow Moody's decision to
downgrade Egypt's government bond ratings to C1 from B3, and reflect to differing degrees (1) the Government's reduced capacity to support the banks; (2) the high credit linkages between the banks' balance sheets and sovereign credit risk; and (3) the
downgrade of the foreign currency deposit ceiling for Egypt.
CAM's mortgage covered bond programme was trimmed to Baa1 from Aa2, on review for possible
downgrade. Public-sector covered bond programmes were also downgraded, to A3 from Aa2, on review for possible
downgrade.