S&P Ratings

Roberto Paciotti, Analytical Manager Covered Bond Ratings, discute di alcuni trend che potrebbero impattare i rating dei Covered Bond nel 2014 tra cui l’implementazione dei nuovi criteri S&P “ Rating Above the Sovereign”, l’impatto di innovazioni strutturali quali il Conditional Pass through e l’introduzione di nuove classi di attivi a collaterale come i prestiti alle PMI.

The U.S. higher education sector faces mounting challenges on multiple fronts this year. Moreover, we expect to take negative rating actions and outlook revisions on a number of institutions. In this CreditMatters TV segment, Director Jessica Matsumori explains what likely lies ahead.

Neste segmento de TV CreditMatters, a associate director da Standard & Poor’s, Cynthia Cohen Freue, e o diretor sênior, Sergio Garibian, sumarizam as conclusões que chegaram com relação ao efeito do crescimento continuado dos empréstimos dos bancos públicos brasileiros sobre a qualidade de ativos do sistema.

In this CreditMatters TV segment, Standard & Poor’s Associate Director Cynthia Cohen Freue and Senior Director Sergio Garibian summarize the conclusions we have reached regarding the effect of continued growth in Brazilian public bank lending on the system’s asset quality.

In this CreditMatters TV segment, Standard & Poor’s Head of Global Fixed Income Research Diane Vazza explains how corporate credit quality could play out in 2014. Pressure points include the European region and emerging markets, particularly Indian, Brazilian, and Argentine companies.

Downside economic risks will put pressure on the credit quality of South African banks over the coming year. In this CreditMatters TV, Samira Mensah, Associate Director in Financial Services, discusses the foreseeable trends that could impact the South African Banking sector.

Standard & Poor’s expects the U.S. economy’s underlying momentum in second-half 2013 to carry over into 2014. The jobs market and balance sheets will continue to strengthen, and housing and manufacturing will pick up again in the spring. In this segment, U.S. Economist Satyam Panday discusses fourth-quarter GDP growth and what lies ahead.

Standard & Poor's Ratings Services requests comments on proposed changes to its bank and prudentially regulated finance company hybrid capital rating methodology. We believe that banking regulators are adopting a tighter stance toward hybrids, increasing the risk that banks may have to use them to a greater extent to absorb losses.

Die Entwicklung der Covered Bond Ratings wird auch im Jahr 2014 weiter durch die Entwicklung von Länderrisiken und regulatorischer Änderungen geprägt sein. In diesem CreditMatters Interview erläutert Bernd Ackermann, Senior Director in Standard & Poor's Covered Bond Team einige der wesentlichen Trends welche wir dieses Jahr für Covered Bond und Pfandbriefratings erwarten.

Nach den neuen Unternehmenskriterien im November 2013, hat Standard & Poor’s nun auch Details der Auswertung einzelner Komponenten aller öffentlichen Unternehmensratings in EMEA veröffentlicht. In dieser Credit Matters TV Episode spricht Sabine Gromer, Analytical Manager Corporate Ratings über die Gründe und erläutert Vorteile, die diese transparente Aufstellung bringt.

California’s drought declaration facilitates water transfers throughout the state and eases certain restrictions on water diversions. However, the measure offers limited relief to water bond obligors managing supplies through drought conditions that have affected the state for two years. In this CreditMatters TV segment, Standard & Poor's Associate Director Tim Tung discusses the outcomes.

The number of rising stars has increased by two entities since the last reporting period, pushing the 2013 count to 37 at the end of the year. We define rising stars as issuers that Standard & Poor's has upgraded to investment grade (rated 'BBB-' and higher) from speculative grade (rated 'BB+' and lower). In this CreditMatters TV segment, Associate Director Gregg Moskowitz explains the key trends and data points.

According to the U.S. Census Bureau, sales at U.S. retailers rose 0.2% in December, compared with 0.4% growth in November. Concurrently, the retail sector composite spread tightened during the last two months of 2013. In this CreditMatters TV segment, Standard & Poor’s Associate Director Gregg Moskowitz explains the key trends and data points.

Many cable operators in Europe issued debt in 2013, largely for acquisitions and/or refinancing. In this edition of CreditMatters TV, Standard & Poor's recovery analyst Gemma Johnson explains why these companies' capital structures are dominated by senior secured issuance and why we expect our existing recovery ratings on cable operators to remain stable over 2014.

The vast majority of rated insurers have adequate ERM. However, when weak ERM is identified at a company, it will inevitably be a focus in the rating. In this CreditMatters TV segment, Standard & Poor's Director David Anthony explains where the areas of concern can be, when looking at areas of weakness in a company’s Enterprise Risk Management systems.