Change font size:   

 
Selling short

Selling short

Euromoney's coverage of past short selling regulations and questionable events is worth a look today

FX poll 2008:

FX poll 2008:

FX moves to centre stage

weeklyFiXLiquid real estate
Skip Navigation LinksHome :: Markets/asset classes :: Credit markets :: S&P: Early elections have no immediate impact on ratings.

Tuesday, April 15, 2008

S&P: Early elections have no immediate impact on ratings.





S&P: Early elections have no immediate impact on ratings. Early elections in Macedonia will not have an immediate effect on the country sovereign credit rating, the international ratings agency S&P comments in a press release. The agency stated that inter-ethnic tensions and a resulting deteriorating political situation would have a negative effect on the ratings. The Parliament’s dissolution, however, is a result of the failed bid for NATO membership. Previously, the ratings agency stated that the postponement of NATO membership invitation will not affect Macedonia ’s rating . Invitation to the Alliance would have contributed to political security both in the country and in the region, which would have contributed towards the launch of accession talks. The launch of EU accession talks is significant for political stability and S&P expects no deviation from the policy course required. S&P has assigned Macedonia ’s long-term local and foreign currency ratings at BBB- and BB+, respectively. The B short-term foreign currency and the A-3 short-term local currency ratings are affirmed. The outlook on all positions remains stable. “The ratings on Macedonia reflect structural rigidities, labour market challenges, limited fiscal flexibility, and residual political tensions among political parties,” according to press releases. Significant decline in ethnic cooperation will challenge reforms and macroeconomic stability.







This year it’s an award for survival not for excellence

A debt banker lets gallows humour get the better of him. -Awards for Excellence 2008 Off the record special

  1. Top 10 financial definitions that are funnier since the credit crunch

  2. Opportunities in the Gulf: Distribution holds the key

  3. Credit markets: Life after the crunch

  4. Hedge funds seek out Middle East alpha

  5. Credit default swaps: On dangerous ground

Latest Issue

August 2008
Ruromoney Jobs Post a job

Home | Mobile site | Contact Us | Debt markets | Equities | Foreign exchange | Banking | Alternative Investments | Regions and Emerging markets | Polls & Awards | Structured credit | Back issues | Euromoney store | Useful links and Related events | Site Map

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms and Conditions, Privacy Policy before using the site.

All material subject to strictly enforced copyright laws. © 2008 Euromoney Institutional Investor PLC.