ratings agencies

Here are the English-language links for 26 November.

The central bank intervened aggressively in September-October to limit TRY weakness, but it does not have a huge war chest like Brazil or Asia. Reserves were $84.4 bln at the end of October, down 10% from a peak of $93 bln in July. Reserves…

Downgrade watch begins as debt panel concedes defeat - The Hill's On The Money Credit rating agencies reiterated Monday that the U.S. is at risk of a downgrade following the announcement that the supercommittee has failed.…

The US dollar is trading with a softer bias in what largely appears to be a consolidation. The euro held support near $1.34, sterling near $1.56 and Aussie near $0.9800. The news stream is light and corrective forces are seen in equities,…

With the fundraiser week winding down, I am going to start making a few changes now. One thing we probably need is a synopsis of the past week’s posts in order to tie the week’s events together thematically. I will make this synopsis using…

The following is the text of today’s Moody’s press release on the Irish banking system. London, 21 November 2011 -- The outlook on Ireland's banking system remains negative, says Moody's Investors Service in a Banking System Outlook…

With sovereign interest rates in the euro zone rising, Finland is feeling the contagion effect despite being only country in the euro zone except tiny Luxembourg which is both AAA-rated and meets all of the Maastricht Treaty requirements.…

2011/11/16 00:43 - Japan's Hidden Jobless Hits 4.69mn, Worse Than After Lehman Shock The number of Japanese that want to work but are not actively seeking employment has surpassed levels from after the global financial crisis…

The following numbers come from a recent article in Die Welt on the backlash in Europe against the ratings agencies.

The following is the text of the recent ratings action taken by Moody's on twelve German state-owned banks.