SCHEDA - Rating sovrani e debito paesi zona euro

venerdì 13 gennaio 2012 23:53
 

 FRANKFURT, Jan 13 (Reuters) - Below is a list of euro zone sovereign 	
ratings currently assigned by Standard & Poor's, Moody's, Fitch and smaller 	
rival DBRS.  	
   	
               S&P       Moody's     Fitch    DBRS     	
                                                        Debt on issue    	
                                                          (USD bln)*   	
 Austria       AA+  n       Aaa  s      AAA  s   AAA  s       $253    	
 Belgium       AA   n       Aa3  n      AA+  CWn AA (high) n  $412   	
 Cyprus        BB+  n       Baa3 rur    BBB  CWn ---           $15      	
 Estonia       AA-  n       A1   s      A+   s   ---            $0    	
 Finland       AAA  n       Aaa  s      AAA  s   ---          $103    	
 France        AA+  n       Aaa  s      AAA  n   AAA  n     $1,680    	
 Germany       AAA  s       Aaa  s      AAA  s   AAA  s     $1,457    	
 Greece        CC   n       Ca   dev    CCC  n   ---          $345    	
 Ireland       BBB+ n       Ba1  n      BBB+ CWn A (low) n    $111    	
 Italy         BBB+ n       A2   n      A+   CWn A (high) n $2,047    	
 Luxembourg    AAA  n       Aaa  s      AAA  s   ---            $5    	
 Malta         A-   n       A2   n      A+   s   ---            $6    	
 Netherlands   AAA  n       Aaa  s      AAA  s   AAA  s       $399    	
 Portugal      BB   n       Ba2  n      BB+  n   BBB  n       $155    	
 Slovakia      A    s       A1   s      A+   s   ---           $36    	
 Slovenia      A+   n       Aa3  rur    AA-  CWn ---           $19    	
 Spain         A    n       A1   n      AA-  CWn AA (low) n   $763   	
	
  * USD equivalent, according to Reuters CreditViews  	
p= positive outlook; s= stable outlook; n= negative outlook; CWn credit watch 	
negative; rur= rating under review; dev= constantly under review due to fast 	
changing circumstances    	
 ******************** LONG-TERM CREDIT RATINGS*****************  	
 STANDARD & POOR'S            MOODY'S                  FITCH  	
 --------------------- INVESTMENT GRADE RATINGS ---------------  	
   AAA                      Aaa                     AAA  	
  Obligations for which there is the lowest expectation of investment risk.  	
Capacity for timely repayment of principal and interest is substantial, such  	
that adverse changes in business, economic or financial conditions are unlikely 	
to increase investment risk substantially.  	
 AA                        Aa                       AA  	
 Obligations for which there is a very low expectation of investment risk.  	
Capacity for timely repayment of principal and interest is substantial. Adverse 	
changes in business, economic or financial conditions may increase investment  	
risk albeit not very significantly.  	
 A                         A                        A  	
 Obligations for which there is a low expectation of investment risk.  	
Capacity for timely repayment of principal and interest is strong, although  	
adverse changes in business, economic or financial conditions may lead to  	
increased investment risk.  	
 BBB                       Baa                      BBB  	
 Obligations for which there is currently a low expectation of investment  	
risk. Capacity for timely repayment of principal and interest is adequate,  	
although adverse changes in business, economic or financial conditions are more 	
likely to lead to increased investment risk than for obligations in previous  	
categories.  	
 --------------- SPECULATIVE GRADE RATINGS --------------------  	
 BB                        Ba                       BB  	
 Obligations for which there is a possibility of investment risk developing. 	
Capacity for timely repayment of principal and interest exists but is  	
susceptible over time to adverse changes in business, economic or financial  	
conditions.  	
 B                         B                        B  	
 Obligations for which investment risk exists. Timely repayment of principal 	
and interest is not sufficiently protected against adverse changes in business, 	
economic or financial conditions.  	
 CCC                       Caa                      CCC  	
 Obligations for which there is a current perceived possibility of default.  	
Timely repayment of principal and interest is dependent on favourable business, 	
economic or financial conditions.  	
 CC                        Ca                       CC  	
 Obligations which are highly speculative.  	
 C                         C                        C  	
 This rating may be used to cover a situation where a bankruptcy petition has	
been filed or similar action has been taken, but payments on this obligation are	
continued.  	
 SD                                                 RD  	
 S&P defines its "selective default" status as one where the obligor has  	
selectively defaulted on a specific issue or class of obligations but will  	
continue to meet its payment obligations on other issues or classes of  	
obligations in a timely manner. Fitch Ratings has a similar category termed  	
"restricted default."  	
 D                                              DDD/DD/D  	
 Obligations which are currently in default. Fitch DDD designates the highest	
potential for recovery of amounts outstanding on any securities involved, and D 	
the lowest recovery potential.  	
   	
 ** S&P and Fitch ratings from AA to CCC may be modified by a plus or minus  	
sign to show relative standing within the major rating categories. DBRS adds a  	
'high' or 'low' to its ratings.  	
 ** S&P ratings may have an 'r' attached to the ratings of instruments with  	
significant non-credit risks to highlight risks to principal or volatility of  	
expected returns which are not addressed in the credit rating.  	
 ** S&P's credit watch negative signals a one in two chance of a downgrade in	
no more than three months.   	
 ** Moody's applies numerical modifiers 1, 2 and 3 in each generic rating  	
classification from Aa through B. Modifier 1 indicates the obligation is ranked 	
at the higher end of its generic rating.  	
  	
 (Compiled by Sakari Suoninen; Editing by Ruth Pitchford)  	
 	
 	
Keywords: RATINGS/EURO ZONE  	
  	
	
	
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 Friday, 13 January 2012 22:52:30RTRS {EN}ENDS