kredi notu

[eren@]

Moody´s ABD´nin kredi notunu izlemeye alabilir


Moody´s, ABD´nin gelecek haftalarda yasal borç limitini artırmazsa,
ülkenin temerrüde düşme riski olduğunu belirtti. Moody´s, bu riskin
oldukça küçük ancak artan bir risk olduğu kaydetti...

Moody´s, konuya dair yaptığı açıklamada, Washington´da bütçe
görüşmeleri konusunda Temmuz ortasına kadar ciddi bir ilerleme
kaydedilmezse ABD´nin Aaa olan kredi notunu olası bir indirim için
izlemeye alacağını kaydetti.

Açıklamada, ´´Bütçe görüşmelerindeki açmazın büyümesi riski nedeniyle
eğer görüşmelerde Temmuz ortasına dek ilerleme sağlandığına dair bir
kanıt görülmezse böylesi bir harekete geçmemiz muhtemel´´ denildi...

[eren@]

Moody's Puts BofA, Wells Fargo And Citi On Downgrade Review: Cites
Risk Of No Government Support, Mortgage Exposure As Risks

Moody's Investors Service has placed the deposit, senior debt, and
senior subordinated debt ratings of Bank of America Corporation (A2
senior), Citigroup Inc. (A3 senior), Wells Fargo & Company (A1
senior), and their subsidiaries on review for possible downgrade. Each
of these ratings currently incorporates an unusual amount of "uplift"
from Moody's systemic support assumptions that were increased during
the financial crisis. The review will focus on whether these ratings
should be adjusted to remove this unusual uplift and include only pre-
crisis levels of government support. At the same time, Moody's said
that it will assess improvements in Bank of America's and Citigroup's
standalone financial strength, and that this may temper the extent of
any ratings downgrades that could result from its review of these
firms' unusual level of systemic support.

Moody's also placed the Prime-1 ratings of Bank of America's and
Citigroup's holding companies on review for possible downgrade. The
Prime-1 rating of Wells Fargo's holding company, Wells Fargo &
Company, was affirmed. Moody's also affirmed the Prime-1 ratings of
all three companies' banking operations, including the Prime-1 ratings
of Bank of America, N.A., Citibank, N.A., and Wells Fargo Bank N.A.

These actions had no impact on the FDIC-guaranteed debt issued by
these firms, which remain at Aaa with a stable outlook.

MOODY'S CONTINUES TO ASSESS THE IMPACT OF THE DODD-FRANK ACT

Regulatory authorities continue to make progress in rulemaking,
however, the final shape of the landscape remains uncertain. Today's
rating actions reflect Moody's view that, in light of developments on
the Dodd-Frank Act that have occurred to date, the unusual levels of
uplift incorporated into the ratings of Bank of America, Citigroup,
Wells Fargo may no longer be appropriate.

"The US government's intent under Dodd-Frank is very clear," says
Senior Vice President Sean Jones. "Going forward, it does not want to
bail out even large, systemically important banking groups." Mr. Jones
notes however that Moody's continues to believe that such a group
could not be resolved without risking a disorderly disruption of the
marketplace and the broader economy. "Even so, the support assumptions
built into these three banks' ratings are unusually high, which may no
longer be appropriate in the evolving post-crisis environment," added
Jones.

Moody's also continues to evaluate whether it should reduce to below
even pre-crisis levels its support assumptions for the eight US banks
that currently benefit from ratings uplift. In this context, the
rating outlook on the deposit, senior debt, and senior subordinated
debt ratings of Bank of New York Mellon has been changed to negative
from stable. This brings its outlook into line with that of the other
US banking groups whose debt and deposit ratings benefit from
government support assumptions: JPMorgan Chase & Co, The Goldman Sachs
Group, Inc., Morgan Stanley, and State Street Corporation.

Unlike the three institutions placed on review today, the support
assumptions incorporated into these five groups' ratings are not
unusual -- they remain similar to, not higher than, what they were
before the crisis. Although Moody's considers it unlikely that it will
withdraw all government support from the ratings of these eight
banking groups, the agency will continue to evaluate the amount of
uplift derived from support assumptions as regulators write and
promulgate rules and regulations that could increase their ability to
resolve these institutions without triggering contagion and broader
systemic risk.

Given these potential developments, over time this could lead to
Moody's reducing its support assumptions for these eight firms to
below even pre-crisis levels.

SUPPORT FOR BOFA, CITI, AND WELLS FARGO EXCEEDS PRE-CRISIS LEVELS

Moody's government support assumptions for Bank of America, Citigroup,
and Wells Fargo are higher than what similarly rated institutions
would have received prior to the crisis. For example, Bank of America
N.A.'s and Citibank N.A.'s C- (C minus) unsupported BFSRs translate to
a Baa2 rating on Moody's long-term debt scale; prior to the crisis a
similarly rated, systemically important bank would typically have
benefited from no more than three notches of uplift, meaning its
ratings would be no higher than A2. Currently, Bank of America
receives five and Citibank four notches of uplift from government
support assumptions, bringing their senior ratings to Aa3 and A1,
respectively. Wells Fargo's unsupported BFSR of C+ (C plus) translates
to an A2 rating on Moody's long-term debt scale; prior to the crisis a
similarly rated, systemically important bank would typically have
received no more than two notches of uplift, to Aa3.
Currently, Wells Fargo's Aa2 senior rating benefits from three notches
of uplift.

CONSIDERATION OF IMPROVEMENTS IN STANDALONE FINANCIAL STRENGTH OF BANK
OF AMERICA AND CITIGROUP LEAD TO HYBRID RATING REVIEW AND COULD TEMPER
DEBT AND DEPOSIT RATINGS DOWNGRADES.

Moody's has affirmed the C- (C minus) standalone bank financial
strength rating (BFSR) of each of Bank of America and Citigroup, and
affirmed the C+ (C plus) BFSR of Wells Fargo. However, Moody's will
consider whether there has been sufficient improvement in Bank of
America's and Citigroup's financial strengths to warrant increasing
their Baa2 Baseline Credit Assessments (BCAs) to Baa1. Consequently,
certain of their hybrid securities were placed under review for
possible upgrade. These ratings do not incorporate any systemic
support uplift, so the review of their ratings will be focused on the
assessment of these firms' standalone financial strength. In addition,
to the extent that the BCAs are increased, this would temper the size
of the potential downgrades to Bank of America's and Citigroup's debt
and deposit ratings.

During its assessment of Bank of America's and Citigroup's BCAs,
Moody's will evaluate each bank's progress in improving its risk
profile. Each of these banks have increased their equity through
internal capital generation, and most of their asset quality
indicators have improved. In addition, the costs related to
repurchasing mortgages sold to third parties due to breaches in
representations and warranties have stabilized at relatively modest
levels for Citigroup, though Bank of America continues to experience a
high level of repurchase costs, but has entered into settlements with
the GSEs and Assured Guaranty that reduce its potential exposure to
higher losses under a stress scenario.

Despite this progress, these banks still have sizable residential
mortgage exposures; their credit costs could therefore spike if the US
economy were to contract again. Further, they continue to face
litigation costs related to faulty foreclosure practices.

"Other considerations will include the potential effectiveness of
changes in risk management at Bank of America and Citigroup, given
their poor performance during the credit crisis and their still
sizable capital market activities, which we view as both opaque and
volatile," Jones says, "while ongoing capital plans will also be
important in our assessment."

[eren@]

Moody's Bank of America, Wells Fargo ve Citibank'ın notlarını muhtemel bir indirim için izlemeye aldı/RTS

[eren@]

ABD: Moody´s uyarısı borçlanma tavanı için harekete geçilmesi
gerektiğini gösteriyor


ABD Hazine Bakan Yardımcısı Mary Miller, Moody´s Investors Service´in
ABD´nin kredi notunu olası bir indirim için izlemeye alabileceği
yönündeki uyarısının, ABD Kongresi´nin federal hükümetin yasal
borçlanma limitini artırmak konusunda acele etmesi gereğini ortaya
koyduğunu bildirdi..

Miller yaptığı açıklamada, "Moody´s açıklaması, Kongre´nin ABD´nin tüm
yükümlülüklerine karşılayabilmesini sağlamak için hızlı hareket etmesi
ihtiyacının altını çizdi" diye konuştu...

[bikmisbroker]

[radyolog]

ABD nin notu düşrülmüş

JAPONYA nın notu düşürülmüş


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