Rating Agency

"2017 Will Be A Tipping Point" - Why Some Think This Is The Next "Big Short"

"These malls are dying, and we see very limited prospect of a turnaround in performance" according to a January report from Alder Hill, which began shorting the securities. "We expect 2017 to be a tipping point." Indeed, cracks have appeared: prices on the BBB- pool of CMBS have tumbled from 96 cents on the dollar in late January to 87 cents last week

Fitch Warns Trump Administration Could Lead To Global Economic Disaster

"US policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in US policies with potential global implications. In Fitch's view, the present balance of risks points toward a less benign global outcome."

Turkish Lira Plunges Over 2% To New Record Low, Yields Rise On Moody's Warning

The collapse in the Turkish Lira, which has been relentless since last summer's failed coup, has only accelerated in 2017, and especially this morning, when the Turkish currency tumbled more than 2% against the dollar - its single worst day since the July 19 military coup attempt - sliding as low as 3.73, down over 5% so far in 2017, and over 23% in the past 12 months.

Moody's Cuts Outlook On Italian Banks To Negative From Stable

Moody's Investors Service has changed its outlook on Italy's banking system to negative from stable, reflecting the rating agency's view that the recognition of losses will depress the banking sector's profitability and erode its capital over the next 12 to 18 months, as well as the adverse effect upon confidence following the country's rejection of constitutional reforms.

Global Equity Euphoria Prepares To Meet Mario Draghi

There’s seemingly no stopping the equity side of the “Trumpflation” trade in what may be developing into an epic year end blow-off top. The euphoria which took the S&P 500, Russell 2000 and the Transports to all-time highs yesterday, and the Dow to less than 500 points away from 20,000 carried over into Asian stocks (+0.8%) as they followed bullish trend, while European stocks rose for a fourth day.