Discover and read the best of Twitter Threads about #Moodys

Most recents (8)

Una cronología del 2do colapso bancario más grande en la historia de EEUU. Las redes están a full con publicaciones sobre #SiliconValleyBank, y la historia es difícil de seguir. Acá un hilo 🧵con un poquito de research para intentar entender mejor cómo se llegó a esta situación
El miércoles pasado, Silicon Valley Bank $SIVB tenía $212 billones en activos y una capitalización de mercado de $16bn. 48 horas después, el banco quebró. ¿CÓMO SE LLEGÓ HASTA ESTA SITUACIÓN CRÍTICA?
La raíz del problema empezó en 2021 cuando las firmas, mayoría #startups respaldadas por #venturecapital, recaudaron $330bn (el doble que el año anterior). Todo esto en un mundo en donde sobraba liquidez, con Fed fund rates de 0,25 %, T-Bonds a 10 años al 1% e inflación de 1,4%
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The RATE-ARDs at $MCO Moody's and S&P $SPGI have too much influence over companies - case in point is $INVH which owns 80k single family homes with a loan-to-value (LTV) of just 32%. Somehow this company is NOT 'investment grade' and they are de-levering...
2/ to appease these idiot rating agencies. Consider that people typically put down only 5-10% of the purchase price of a home (the rest is financed with a mortgage at an LTV of 80%+). Of course there is one recent example of a situation where the US housing market blew up -caused
3/by rating agencies who in pursuit of fees did whatever $BAC $GS $MS $C $JPM etc told them too - rating hundred$ of billion$ in garbage debt as investment grade creating a housing bubble followed by a global financial crisis…
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E ora ci manca solo rating junk. #Moodys lancia alert #Italy #governoConte indebolito "fa fronte a sfide spaventose sia in gestione #COVID che in utilizzo risorse #NextGenerationEU . Spread BTP-Bund boom, +9% a record novembre #22gennaio #coronavirus
"#Moodys said on Friday that Italy's inability to take advantage of the available EU resources to boost its economy's growth potential would likely exert downward pressure on its credit rating" VIA @Reuters
#Moodys on #Italy: "the weakened government led by Prime Minister Giuseppe #Conte "faces daunting policy challenges both in managing the current phase of the pandemic and ensuring the effective and timely absorption of EU recovery funds" #COVID19 #22gennaio
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#MCOpinion: The market rally of Nov is showing no signs of let-up. What is playing on retail investors’ minds?

#Markets #Retail #Investors #Investments…
How do companies in the Asia Pacific stack up on the rating front? How is India placed? A @MoodysInvSvc rating report brings out the numbers. @ravi_ananth writes for #MCOpinion.

#Moodys #Companies #Business…
#MCOpinion: The three farm laws have been reforms that have been long overdue, ever since the 1991 liberalisation era. @AnandKochukudy writes.

#FarmLaws #FarmBills #FarmBills2020…
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An event that slipped by quietly is,
#Moody’s upgrading #YesBank's long-term foreign&local currency deposit ratings,from Caa1 to B3

Foreign currency senior unsecured #MTN rating of #Yes,raised from (P)Caa1 to (P)B3

Rating upgrade,follows successful #FPO,where Yes raised 15000Cr
Surprising,how mainstream media that went hammer&tong at the @narendramodi govt,in March 2020,when #YesBank collapsed,thx to a fraudulent #RanaKapoor&his ilk,is silent today,post the brilliant recovery of #Yes,coming back on track

PSB,#SBI,is doing a good job in resurrecting Yes
A significantly improved #Solvency ratio,#Moodys said, "strengthens #YesBank’s resilience to potential asset quality risks from impact of economic slowdown& #coronavirus related disruptions"

Moody's also lauded Yes Bank’s funding&liquidity that moderately improved in June'20 qtr
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Left& @RahulGandhi went berserk when #Moodys downgraded India

Well,besides #Fitch,which projects 9.5% growth for India in FY22,S&P has retained BBB minus,but with #StableOutlook

S&P has praised India's sound net external position&closing of fiscal gap under @narendramodi govt💪
S&P forecasts #GDP growth of 8.5% for India in FY22

S&P's #StableOutlook has been received pretty well by Bond markets with 2029 bonds trading at #Yield of 5.98%&2030@ #BondYield of 5.77%

Global markets will seek cues from #FOMC,as it concludes its 2 day meet today
Well,well--#Fed decides to keep rates at #zero,till 2022!In other words,for next 18 months,expect global asset markets to be driven #northwards, by the big #LiquidityTap-Yes #QEInfinity is here

Fed will buy $80billion of treasuries &$40bn of #MBS each month-HUGE

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Not unexpected, & for all the reasons we have all been talking about for quite some time. 1/… via @BusinessLiveSA
Most of the downgrade has probably already been priced into bond, interest and exchange rates, but with the Corona-induced risk-fleeing reallocation of portfolios underway internationally, these rates might deteriorate some more. 2/
Also, at a time when the government will need to borrow substantially to finance its Corona fight back, it might find significantly less interest in the bonds it sells to finance the fight back. 3/
#CoronavirusSouthAfrica #Moodys #downgrade
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#Moodys has pulled down its growth forecast for FY19 to 5.8%. Only surprise is why it’s not even lower. In the past year growth has collapsed from 8% to 5%. /1

#India #CPI #GDP #RBI #bonds #inflation #ratecut #NBFC #jobs #credit #NPA #NCLT #growth
On the other hand #CPI is now at 4.6%. The laxmanrekha of 4% has been breached. A mix of drought, floods and unseasonal rain is driving food prices up. Core #inflation continues to fall to 3.7% reflecting the slowdown. /2
#India #GDP #RBI #bonds #ratecut #NBFC #jobs #credit #NPA
The wisemen and women of the economy have only one mantra - Cut, Pray, Hope. When in doubt cut rates.135 bps done but transmission is limited. We are told don’t look at nominal, real rates are still high. A single large cut is required. /3
#India #CPI #GDP #RBI #bonds #inflation
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