Comments on: S&P Lowers Outlook on Bond Insurers http://www.nakedcapitalism.com/2007/12/s-lowers-outlook-on-bond-insurers.html Sat, 21 Nov 2009 23:52:37 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2007/12/s-lowers-outlook-on-bond-insurers.html#comment-2568 Anonymous Thu, 20 Dec 2007 04:32:00 +0000 http://www.nakedcapitalism.com/2007/12/sp-lowers-outlook-on-bond-insurers/#comment-2568 In the fourth quarter, two Australian companies' ratings were placed on review for possible downgrade, after incurring higher debt levels for expansion. At present, 20 percent of the rated companies in Australia and New Zealand either face possible downgrade or are on negative outlook, compared with 6 percent with positive trends. In the fourth quarter, two Australian companies’ ratings were placed on review for possible downgrade, after incurring higher debt levels for expansion. At present, 20 percent of the rated companies in Australia and New Zealand either face possible downgrade or are on negative outlook, compared with 6 percent with positive trends.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/12/s-lowers-outlook-on-bond-insurers.html#comment-2563 Anonymous Thu, 20 Dec 2007 02:37:00 +0000 http://www.nakedcapitalism.com/2007/12/sp-lowers-outlook-on-bond-insurers/#comment-2563 Market players cheered media reports that Japan's three megabanks are poised to turn down a U.S. request to provide about 5 billion dollars each in lending to a bailout fund that major U.S. banks plan to set up to alleviate the global credit crunch caused by the U.S. subprime mortgage problem.<br/><br/>"If Japanese banks were to participate in creating the U.S. credit line, they would likely face shareholder lawsuits and cause the subprime fallout to spread in Japan," Akio Yoshino, chief economist at Societe Generale Asset Management (Japan) Co., said. Market players cheered media reports that Japan’s three megabanks are poised to turn down a U.S. request to provide about 5 billion dollars each in lending to a bailout fund that major U.S. banks plan to set up to alleviate the global credit crunch caused by the U.S. subprime mortgage problem.

“If Japanese banks were to participate in creating the U.S. credit line, they would likely face shareholder lawsuits and cause the subprime fallout to spread in Japan,” Akio Yoshino, chief economist at Societe Generale Asset Management (Japan) Co., said.

]]> By: Yves Smith http://www.nakedcapitalism.com/2007/12/s-lowers-outlook-on-bond-insurers.html#comment-2550 Yves Smith Wed, 19 Dec 2007 20:05:00 +0000 http://www.nakedcapitalism.com/2007/12/sp-lowers-outlook-on-bond-insurers/#comment-2550 Fair point, this is closing the barn door after the horse is gone. We've discussed the reluctance of the rating agencies to downgrade the bond insurers due to the nasty knock-on effects, but they should have caught this at an earlier stage. Fair point, this is closing the barn door after the horse is gone. We’ve discussed the reluctance of the rating agencies to downgrade the bond insurers due to the nasty knock-on effects, but they should have caught this at an earlier stage.

]]> By: Anonymous http://www.nakedcapitalism.com/2007/12/s-lowers-outlook-on-bond-insurers.html#comment-2547 Anonymous Wed, 19 Dec 2007 19:40:00 +0000 http://www.nakedcapitalism.com/2007/12/sp-lowers-outlook-on-bond-insurers/#comment-2547 "keeping the heat on" .... after they failed to turn on the stove, for years; this is all way to late and implies they were bought off! “keeping the heat on” …. after they failed to turn on the stove, for years; this is all way to late and implies they were bought off!

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