Senior Unsecured Regular Bond/Debenture, Downgraded to Baa1 Rating Under Review from A3 Negative; Placed Under Review for further Downgrade
Rationale for placing OPWP and the other six issuers ratings on review for downgrade
He 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:
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.
actions follow and are in response to Moody's downgrade
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