However, given the Federal Reserve's ongoing and growing concern about Iraq's creditworthiness
, even the limited allegations of linkages between the BNL case and the CCC export credit sales guarantee program provided, in our view, an additional reason to be cautious about further extensions of such guarantees to Iraq.
The ratings of the four individual tranches issued under the programme could evolve independently from one another as each would move in tandem with its respective guarantor's Short-Term IDR or Fitch's assessment of creditworthiness
. The rating of each tranche is also sensitive to changes to the terms of the guarantee, although this is not expected.
Japanese banks usually stop providing fresh credit to a firm as soon as its creditworthiness
category deteriorates into the category of ''firms at risk of failure.''
If the creditworthiness
categories of many borrowers are downgraded, it would hammer banks' profitability by obliging them to put up much more loan-loss provisions than they initially planned.
If the creditworthiness
categories of many borrowers are downgraded as a result of the planned FSA check, it would hammer the banks' profitability by obliging them to put up much more loan-loss provisions than they initially planned.
Fitch assesses HBIS's rating by notching down from its internal assessment of the creditworthiness
of Hebei SASAC, reflecting the close linkage between the two entities.
29 June 2011 - R&I attached Tuesday "high creditworthiness
" preliminary ratings to bonds as part of Mizuho Bank Ltd's JPY500bn (USD6.2bn/EUR4.3bn) shelf registration, reflecting the creditworthiness
of the entire group.
The City Creditworthiness
Initiative is committed to supporting cities throughout this process by delivering technical assistance to sub-national authorities in developing countries with the objective of improving municipal credit markets for climate-smart infrastructure projects, using local currency markets if at all possible.
Vice president and senior analyst at Moody's agency, Vladlen Kuznetsov, said that the creditworthiness
of Kazakh banks will improve over the next year and a half, despite the fact that modest economic growth and high interest rates will limit demand for loans, and the creditworthiness
of individual banks will remain weak.
Noteworthy is S and P's explanation that Korean companies' more aggressive financial policies and shareholder returns are the main reasons for the downward pressure on their creditworthiness
. More specifically, it noted that competitive increases in dividend payouts and share buybacks have resulted in cash outflows, aggravating their financial structure and eroding corporate value.
Among the four credit rating agencies, Moody's is the only one that maintains Cyprus' creditworthiness
in "junk" (Ba2), two grades away from investment grade with astable outlook, unlike the rest of the rating agencies who have already upgraded Cyprus sovereign rating back to investment grade.
The linkage is reflected in KIIFB's special legal status, Kerala's unconditional and irrevocable guarantee to KIIFB's payment obligations as well as the financial impacts on Kerala's creditworthiness
if KIIFB defaults.