{"id":33460,"date":"2012-02-15T13:01:03","date_gmt":"2012-02-15T13:01:03","guid":{"rendered":"https:\/\/armbanks.am\/2012\/02\/15\/234827\/"},"modified":"2024-12-15T12:55:28","modified_gmt":"2024-12-15T12:55:28","slug":"european-countries-and-banks-ranking","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/02\/15\/33460\/","title":{"rendered":"European countries and banks ranking"},"content":{"rendered":"

YEREVAN, February 15.\u00a0\/ARKA\/. <\/strong>Three\u00a0major international rating\u00a0agencies –\u00a0Moody’s, S&P\u00a0and Fitch\u00a0have revised on Tuesday the rankings of several \u00a0European countries and their\u00a0banks.\u00a0 In particular, \u00a0Moody’s Investors Service\u00a0has downgraded the\u00a0credit ratings of\u00a0nine European\u00a0countries,\u00a0Standard & Poor’s\u00a0and Fitch Ratings\u00a0have lowered the\u00a0ratings of\u00a0leading Spanish\u00a0banks.<\/p>\n

Moody\u2019s<\/strong><\/p>\n

(Moody\u2019s Country Ranking)<\/p>\n

\"1\"<\/a><\/p>\n

Moody\u2019s has downgraded the rankings of countries\u00a0burdened with large public debts\u00a0and those with\u00a0increasing\u00a0 susceptibility\u00a0to financial and\u00a0macroeconomic risks.<\/p>\n

Long-term\u00a0sovereign credit ratings\u00a0of Spain\u00a0has been\u00a0 reduced\u00a0to the level of\u00a0A3\u00a0from A1, Italy\u2019s\u00a0 ranking has been was lowered to \u00a0A3\u00a0from A2, Malta\u2019s\u00a0 to\u00a0A3\u00a0from A2, Slovakia\u2019s \u00a0to A2\u00a0from\u00a0A1\u00a0and Slovenia\u2019s-\u00a0to A2 from\u00a0A1,\u00a0Portugal\u2019s\u00a0 to\u00a0Ba3\u00a0from\u00a0Ba2. The rankings of Austria, France\u00a0and Britain\u00a0were affirmed at\u00a0‘AAA’, but the\u00a0outlook was revised from “stable”\u00a0to “negative.”<\/p>\n

Moody\u2019s analysts\u00a0say\u00a0Europe\u2019s prospects for carrying out national projects \u00a0to improve competitiveness and investment attractiveness are slashing. They also point out\u00a0the uncertainty associated\u00a0with the sources\u00a0of funding\u00a0to combat the crisis.<\/p>\n

Standard & Poors <\/strong><\/p>\n

Standard & Poor’s\u00a0has lowered the\u00a0ratings of\u00a015 leading\u00a0Spanish banks.\u00a0It has downgraded long-term and\u00a0short-term ratings\u00a0of one of the\u00a0largest \u00a0Banco Santander\u00a0from \u00a0A + to\u00a0AA-,\u00a0\u00a0BBVA\u2019s \u00a0from\u00a0A + to\u00a0A.\u00a0The outlook\u00a0for\u00a0 all\u00a015\u00a0banks is\u00a0negative.<\/p>\n

(S&P\u2019s Banks ranking)<\/p>\n

\"2\"<\/a><\/p>\n

Standard & Poor’s\u00a0has lowered the\u00a0ratings of the banks\u00a0after\u00a0revising January 13\u00a0Spain\u2019s long-term rating\u00a0\u00a0from A1\u00a0to A3.\u00a0S&P\u2019s analysts\u00a0have revised\u00a0downward\u00a0BICRA (banking industry country risk assessment)\u00a0indicator for Spain. It reflects the\u00a0strengths and weaknesses\u00a0of the banking system\u00a0of the country\u00a0compared to\u00a0other countries’ systems, which also\u00a0served as the basis\u00a0for the revision of\u00a0the rating\u00a0of Spanish\u00a0banks.<\/p>\n

The outlook\u00a0 for another\u00a0transnational\u00a0bank Barclays Bank\u00a0has been revised\u00a0from “stable”\u00a0to “negative”, by\u00a0 retaining\u00a0the previous ranking\u00a0– A\/A-1. In addition to\u00a0 Spain, Standard & Poor’s\u00a0has also lowered\u00a0by two notches\u00a0the long-term\u00a0sovereign\u00a0credit ratings of\u00a0Italy, Cyprus\u00a0and Portugal.\u00a0The \u00a0ratings\u00a0of Austria,\u00a0Malta,\u00a0Slovakia, Slovenia\u00a0and France were lowered by one notch.<\/p>\n

Fitch<\/strong><\/p>\n

Fitch\u00a0has downgraded\u00a0the rankings of six major\u00a0Spanish banks.\u00a0Its experts predict\u00a0that Spain will not see GDP growth in 2012. The outlook for 2013 is 1%.\u00a0The unemployment rate\u00a0will not change and remain\u00a0at record\u00a023%.<\/p>\n

On the basis of\u00a0pessimistic\u00a0forecasts and\u00a0the country’s\u00a0inability to\u00a0keep\u00a0afloat\u00a0the largest financial institutions,\u00a0Fitch downgraded, in particular,\u00a0long-term credit\u00a0default rating for Santander and\u00a0Banco Bilbao Vizcaya Argentaria (BBVA),\u00a0which are the largest multinational\u00a0banks.\u00a0At the same\u00a0time the rating\u00a0of Santander\u00a0was lowered by\u00a0two notches\u00a0and\u00a0one notch\u00a0 for BBVA. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

Three major international rating agencies – Moody’s, S&P and Fitch have revised on Tuesday the rankings of several European countries and their banks.<\/p>\n","protected":false},"author":1,"featured_media":144675,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,9216,13105],"tags":[12163,13106,1343],"class_list":{"0":"post-33460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-announces","8":"category-news","9":"category-ratings","10":"tag-banks","11":"tag-ranking","12":"tag-sp"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/33460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=33460"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/33460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/144675"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=33460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=33460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=33460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}