downgrade


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downgrade

Chiefly US and Canadian a downward slope, esp in a road
References in periodicals archive ?
Senior Unsecured MTN, Downgraded to (P)A3 from (P)A1; Placed Under Review for further Downgrade
Issuer Rating (Foreign Currency), Downgraded to A3 from A1; Placed Under Review for further Downgrade
The sovereign downgrade was driven by increased downside risks to macroeconomic stability and the recent deterioration in economic policy credibility.
KCB Group said its rating had been affected by the sovereign downgrade but added that an upgrade would have a similar effect on the bank, given its capital ratios and resilient business."Today's rating actions conclude the review for downgrade initiated on October 4, 2017, on the three Moody's-rated banks and follows the weakening of the Kenyan government's credit profile as captured by Moody's downgrade of the sovereign rating on February 13, 2018."Moody's said that an erosion of financial metrics and rising liquidity risks, all relating to debt levels, had contributed to the lower rating of the banks.
The primary driver for the ratings downgrade is the challenging operating environment that South Africa represents, which is also partially reflected in its sovereign rating.
Moody's downgraded Oman's government long-term issuer rating to Ee"A3Ee" from Ee"A1Ee" and placed it on review for further downgrade. The key driver for the rating downgrade is the highly negative impact of the structural shift in lower oil prices, which has continued through the opening months of 2016, on Oman's government finances, balance-of-payments position, and economic performance.
Global Banking News-April 7, 2015--Fitch downgrades key Greek banks
The analysts stated that the recent downgrade would not have a large affect on Egypt's banking sector, adding that the value of stock for some banks may decrease as a result, but only for one or two trading sessions at the most.
Meanwhile, Midland business leaders have said that while the UK wide credit rating downgrade should serve as a warning to the Government, firms should not panic.
Four Dutch banks were downgrade by two notches and one bank by one notch.
25 November 2011 -- Fitch today downgraded the credit ratings of Portuguese banks Caixa Geral de Depositos (CGD), Millennium bcp (MCE:BCP) and BPI (ELI:BPI) to "junk", following the downgrade on the sovereign rating yesterday.
Moody's has also placed the ratings of the three banks on review for further downgrade. These actions follow Moody's downgrade on November 4 of the Cypriot government bond rating by two notches to Baa3 (on review for possible further downgrade) from Baa1.