14 listopada 2010

Muni czyli potencjalny trup - odc 2

Nawiązując do poprzedniego wpisu (klik) - w piątek pojawił się ciekawy raport Fitcha na temat finansów publicznych. Ciekawostka:
Negative Rating Trends to Persist for U.S. Munis U.S. public finance rating downgrades outnumbered upgrades for the seventh consecutive quarter during 3Q’10, a trend that Fitch Ratings expects to continue, according to the agency’s latest quarterly rating review. The bulk of the 3Q downgrades came from tax-backed bonds, while public power bonds drove the majority of the upgrades.
Innymi słowy 7 kwartał z rzędu pogarszają się finanse publiczne (obniżeń ratingów jest więcej niż podwyższeń). NY Times ma również o tym artykuł gdzie odnotował: Fitch, the credit ratings agency, issued a report saying that ratings downgrades for municipal bonds outnumbered upgrades for the seventh consecutive quarter. Raport poniżej, z pozdrowieniami dla informatorów:
US Public Finance Rating Actions for Third-Quarter 2010

4 komentarze:

  1. http://www.zerohedge.com/article/muni-exodus-confirmed-investors-pull-money-affected-funds

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  2. http://www.zerohedge.com/article/muni-exodus-confirmed-investors-pull-money-affected-funds

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  3. Crisis looming in US municipal debt market?
    1:13 AM Meredith Whitney rose to prominence as a financial analyst by predicting the problems at Citigroup. Ms Whitney has since started her own firm, Meredith Whitney Advisory Group, and is now predicting dramatic declines in US home prices, large layoffs at US banks and widespread default

    Meredith Whitney Advisory Group is now predicting dramatic declines in US home prices, large layoffs at US banks and widespread defaults in the municipal bond market. As concerns munis, people, she says, will not want to own this asset class after the shit hits the fan. The rating agencies have helped generate a false sense of security about the tax-exempt market. States will focus on their own survival first, leaving local governments to fend for themselves. Housing market will remain disrupted, banks cannot do well under this scenario. Eighty thousand layoffs in the US due to fallout in housing
    http://video.ft.com/v/677794093001/Crisis-looming-in-US-municipal-debt-market-

    OdpowiedzUsuń
  4. Crisis looming in US municipal debt market?
    1:13 AM Meredith Whitney rose to prominence as a financial analyst by predicting the problems at Citigroup. Ms Whitney has since started her own firm, Meredith Whitney Advisory Group, and is now predicting dramatic declines in US home prices, large layoffs at US banks and widespread default

    Meredith Whitney Advisory Group is now predicting dramatic declines in US home prices, large layoffs at US banks and widespread defaults in the municipal bond market. As concerns munis, people, she says, will not want to own this asset class after the shit hits the fan. The rating agencies have helped generate a false sense of security about the tax-exempt market. States will focus on their own survival first, leaving local governments to fend for themselves. Housing market will remain disrupted, banks cannot do well under this scenario. Eighty thousand layoffs in the US due to fallout in housing
    http://video.ft.com/v/677794093001/Crisis-looming-in-US-municipal-debt-market-

    OdpowiedzUsuń


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