- INDONESIA - Moody's Upgrades Indonesian
Outlook.
The Indonesian government's attempts to attract investment received a boost on Feb. 18 when Moody's Investors Service improved the outlook from stable to positive on its B2 foreign currency country ceiling for bonds, its B3 foreign currency ceiling for bank deposits and the government's B2 foreign and local currency ratings....
- S&P REVISES RATING.
Standard & Poor's has revised Costa Rica's long-term ratings outlook to stable from positive, citing the "weaker-than-expected fiscal performance and sizable external financing needs,." reports Reuters (Jan. 2, 2002). Policymakers in Costa Rica will find it increasingly challenging to finance a projected current account deficit of about 5% of gross ......
- S&P OUTLOOK NEGATIVE.
Standard & Poor's Ratings Services said April 4 that it revised its outlook on the Republic of Costa Rica's "BB+" long-term local and "BB" long-term foreign currency sovereign credit ratings to negative from stable: The negative outlook reflects Costa Rica's heightened vulnerabilities, which result from fiscal slippage and the increased ......
- INVESTMENT GRADE LOOMS FOR BRAZIL
HEADNOTE ROUNDUP BRAZIL Brazil continues to move closer to a coveted investment-grade rating, albeit slowly. In October Moody's upgraded the sovereigns foreign currency rating to Ba3 from B1 with a positive outlook, putting it three notches away from the top rating. The move came after Brazil's debt fell from 51.8% ......
- Malaysian textile & apparel industry
HEADNOTE Malaysian Textile & Apparel Industry HEADNOTE Pursuit of High Efficiency and Value-Added Products High Economic Growth Malaysia's real GDP (gross domestic product) is expected to have exceeded 7.5% in 2000. Its GDP growth rate fell from 7.5% in 1997 to minus 7.5% in 1998 due to the currency crisis....
- MOODY'S ANNUAL REPORT.
In its annual report on the Bahamas, Moody's Investors Service said the country's investment-grade credit ratings are based on low external debt, a competitive tourism sector, and prudent macroeconomic management, reports Reuters (Sept. 29, 2003). The country's issuer rating for foreign currency debt and bonds and its foreign currency country ......
- Moody's cuts Jamaica's sovereign
ratings.
Moody's Investors Service said it cut Jamaica's foreign- and local-currency ratings, citing heightened credit risks posed by the Government's defense of the exchange rate and its increased debt load, reports Reuters (May 27, 2003). Moody's said it cut Jamaica's country ceiling for foreign currency bonds and notes to B1, four ......