"France is sovereign country, its decisions on tax matters are sovereign and will continue to be sovereign," he added.
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"France is a sovereign country, its decisions on tax matters are sovereign and will continue to be sovereign," Le Maire said.
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" On other EU sovereign ratings, S&P's global sovereign chief Moritz Kraemer said: "We have no intention of downgrading any other EU sovereign.
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"Sovereign currencies should remain sovereign and we do not want to challenge sovereign currencies," said Marcus in response to a particularly sharp line of questioning.
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Upgrades of VRs above the sovereign rating are extremely unlikely given the high sovereign exposure/dependence of many borrowers on some form of sovereign support.
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Twelve new sovereign, or virtually sovereign, states emerged in Europe or on its borders.
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BNDES's IDRs are driven by sovereign support and are aligned with Brazil's sovereign ratings.
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BdB's IDRs are driven by sovereign support and are aligned with Brazil's sovereign ratings.
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However, the ratings are constrained by the sovereign rating, given the banks' high exposure to sovereign creditworthiness through their liquid assets portfolios and lending to sovereign-owned enterprises.
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Such a series of events would amount to a crime of unspeakable depravity by a sovereign state in another sovereign state with a resident of a third sovereign state.
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U.S. sovereign bond U.S. sovereign bond prices were lower Wednesday as oil prices reversed course.
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We also believe hard-currency sovereign and quasi-sovereign bonds will continue to perform well.
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The sovereign market was "basically dead", Regis Chatellier, global sovereign credit analyst at Societer Generale, said.
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Country Ceilings are determined by sovereign rating committees for all countries with Fitch-rated sovereign issuers.
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A constitutional monarchy requires that the sovereign—and, by extension, the prospective sovereign—be above politics.
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The Sovereign Wealth Fund Institute ranks KIA as the world's fourth-biggest sovereign fund, managing $524 billion.
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In most African markets, domestic sovereign bonds are rated several notches lower than Moroccan sovereign bonds (BBB-).
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The Sovereign Wealth Fund Institute ranks KIA as the world's fourth-biggest sovereign fund, managing $592 billion.
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RATING SENSITIVITIES Namibia's National Rating is sensitive to Namibia's sovereign rating as well as South Africa's sovereign rating.
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Sovereign debt restructuring is almost unthinkable without Lee Buchheit, who has advised 23 countries through sovereign debt negotiations.
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External financing conditions and market access have tightened ahead of looming repayments on sovereign and sovereign-guaranteed debt.
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Israel is a sovereign nation with the right like every other sovereign nation to determine its own capital.
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Additionally, stronger explicit support from the sovereign could result in an equalisation of the rating with the sovereign.
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However, MAPFRE's exposure to sovereign debt is reflected in a sovereign constraint of 'A-' being applied to MAPFRE's ratings, one notch higher than the sovereign rating of Spain, due to international diversification of MAPFRE's earnings.
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However, the legal links are limited, with no sovereign-guaranteed debt and no cross-default clauses with the sovereign.
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Sovereign net foreign assets are the largest of any Fitch-rated sovereign and debt/GDP is among the lowest.
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RATING SENSITIVITIES Barcelona's IDRs are constrained by the sovereign IDRs and are sensitive to changes in the sovereign ratings.
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"Israel is a sovereign nation with the right like any other sovereign nation to determine its own capital," Trump said.
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Transnet's ratings are constrained by the sovereign rating, as Fitch typically does not rate state-owned entities above the sovereign.
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"Israel is a sovereign nation, with the right like every other sovereign nation, to determine its own capital." https://t.
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SIAT's IFS rating is constrained by Italy's sovereign rating (BBB/Stable) due to its large exposure to Italian sovereign debt.
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The IDRs are driven by potential sovereign support and could be downgraded if the sovereign ability to provide support weakens.
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I guess because he was a super sovereign citizen and the more commas you put, the more sovereign you are.
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Argentina and YPF say that the Foreign Sovereign Immunities Act deprives U.S. courts of jurisdiction over sovereign acts of expropriation.
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RDIF, Russia's $10 billion sovereign wealth fund, already has investment partnerships with Saudi Arabia's sovereign wealth funds, PIF and SAGIA.
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Additional detail on Portugal's sovereign rating can be found in Fitch's latest sovereign report, available by clicking the link below.
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The selloff also knocked South Africa's sovereign debt prices, raising the average sovereign premium over Treasuries by nine basis points.
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The group's exposure to Italian sovereign debt, which is to match domestic liabilities in Italy, is reflected in the sovereign constraint on Generali's ratings at 'A-', one notch higher than the sovereign rating of Italy (BBB+/Negative).
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RATING SENSITIVITIES Barcelona's IDRs are constrained by the sovereign IDRs (BBB+/Stable) and are sensitive to changes of the sovereign ratings.
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Banks' outstanding home sovereign and sub-sovereign securities represented 6.4 percent of total assets in the EU, according to Standard & Poor's.
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Batelco could benefit from a one-notch uplift from sovereign support if the sovereign rating is higher than Batelco's standalone rating.
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GIC is ranked the world's eighth-biggest sovereign investor, managing $219 billion in assets, according to the Sovereign Wealth Fund Institute.
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GIC is ranked the world's tenth biggest sovereign investor, with about $217 billion worth of assets, according to Sovereign Wealth Centre.
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Its sovereign wealth fund, Qatar Investment Authority, established in 2005, oversees around $338 billion in assets, according to Sovereign Wealth Center.
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" Trump (via video): "Israel is a sovereign nation with the right like every other sovereign nation to determine its own capital.
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His estimates are based on data from sovereign wealth funds and figures from the Sovereign Wealth Fund Institute, a research group.
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RATING SENSITIVITIES Pamplona's IDRs are constrained by the sovereign IDRs (BBB+/Stable) and are sensitive to changes of the sovereign ratings.
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GIC is ranked the world's eighth-biggest sovereign investor, managing $390 billion in assets, according to the Sovereign Wealth Fund Institute.
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China Great Wall's ratings are credit-linked with those of the Chinese sovereign (A+/Stable), and rated one notch below the sovereign.
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RATING SENSITIVITIES Credit-Linked with Sovereign: An upgrade of Fitch's credit view on the sovereign may trigger positive rating action on KORAIL.
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"We're looking at three segments, potentially - sovereign, quasi-sovereign, as well as financial institutions - for issuing in the sukuk format," Merican said.
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" Trump said via videolink: "Israel is a sovereign nation which like any other sovereign nation has the right to determine its capital.
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SOVEREIGN RATING SENSITIVITIES The Stable Outlook reflects Fitch's assessment that upside and downside risks to the sovereign ratings are currently well balanced.
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GIC is among the world's 10 biggest sovereign investors with $390 billion worth of assets, according to the Sovereign Wealth Fund Institute.
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HSBC said sovereign green bond issuance could grow slightly in 2017, with up to six governments expected to issue sovereign green bonds.
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"To consider risk in sovereign bonds is acknowledging economic reality," Koenig said, supporting the bolder option of setting caps on sovereign holdings.
|
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In the same vein, he also argued for risk weights on sovereign debt to break to nexus between sovereign and their banks.
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For instance, they looked at Russia's sovereign crisis in 1992; Poland's banking crisis in 1989 and Ecuador's banking and sovereign crisis in 1999.
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Many sovereign funds voluntarily commit to the Santiago Principles, a set of guidelines agreed in 2008 to govern how sovereign wealth funds operate.
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Have to give enormous credit to Nigel Farage for forcing the issue How dare a sovereign nation decide to be a sovereign nation.
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The court said the company should have made its attempt under the Foreign Sovereign Immunities Act, which offers strong protections to sovereign defendants.
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"The current political crisis in Sri Lanka is credit negative for the sovereign," said Matthew Circosta, an analyst with Moody's Sovereign Risk Group.
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The sovereign is expected to issue next year, most likely in the US dollar market, continuing the spree of Gulf sovereign bond deals.
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The KIA is one of the world's biggest sovereign funds with assets estimated at $592 billion, according to the Sovereign Wealth Fund Institute.
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Mubadala, the fourteenth largest sovereign fund in the world according to the Sovereign Wealth Fund Rankings, has approximately $125 billion assets under management.
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Ultimately, the Qatari sovereign ability to support QNB could weaken and its IDR, which is driven by potential sovereign support, could be downgraded.
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At the same time, government deposits at 12% of GDP and USD5 billion of the sovereign wealth fund lower the net sovereign debt.
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This action follows the application of Fitch's revised Sovereign Criteria to the notching relationship between sovereign LTLC and Long-Term Foreign Currency IDRs.
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An upgrade of SACE's ratings is unlikely in the near future given the sovereign constraint already at one notch above the sovereign rating.
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The fund manages $828 billion in assets, according to the Sovereign Wealth Fund Institute, making it the world's third- largest sovereign wealth fund.
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A downgrade of India's sovereign rating will trigger a downgrade of the banks' IDRs that are at the same level as the sovereign.
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The message, Dr. Mead said, is: "A revolution that began with the monarch as sovereign established a country where the people are sovereign."
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Brexit will be moderately credit negative for the UK sovereign and as we have previously stated we will review the sovereign rating shortly.
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RATING SENSITIVITIES As Wandsworth's IDR is constrained by the sovereign, a downgrade of the sovereign would lead to a downgrade of the borough.
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It manages about $592 billion in assets, according to the Sovereign Wealth Fund Institute, which ranks it the world's fourth-biggest sovereign fund.
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A peace treaty between two countries is a legal document that requires one sovereign state to recognize the other sovereign state's right to exist.
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Loans outside the EU are guaranteed by the EU. Overall, sovereign and sovereign guaranteed loans accounted for 29% of the portfolio at end-44.
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"India is popular with sovereign wealth funds," said Tihir Sarkar, London-based partner at Cleary Gottlieb, which counts several prominent sovereign funds as clients.
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It said it would be hard for Ukraine to refinance its sovereign and sovereign-guaranteed debt in 2018-2020 without support from the Fund.
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Here's how the newly endowed fund would stack up compared with the other sovereign wealth funds, as tracked by the Sovereign Wealth Fund Institute.
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If reforms are introduced, banks could respond by selling domestic sovereign exposures, or they could keep their existing sovereign bonds and hold additional capital.
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Nevertheless, the largest Peruvian banks' Viability Ratings are constrained by the sovereign and would be sensitive to any rating action at the sovereign level.
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He said interest was fuelled by expectation that quasi-sovereign Chinese names would stand to benefit from tightly priced China sovereign US dollar bonds.
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An upgrade of Reale Mutua's ratings is unlikely in the near future given the sovereign constraint already at one notch above the sovereign rating.
|
|
The Abu Dhabi Investment Fund is the Middle East's largest sovereign wealth fund at about $828 billion, according to the Sovereign Wealth Fund Institute.
|
|
"People still want sovereign wealth fund money," said Michael Maduell, president of the Sovereign Wealth Fund Institute, which provides research on government investment funds.
|
|
KEY RATING DRIVERS Rating Linked With Sovereign: Cinda's ratings are linked to those of the Chinese sovereign (A+/Stable) and rated one notch lower.
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Following a reassessment of potential sovereign support available to the banks in 2016, Fitch believes that sovereign support cannot be relied on given Nigeria's (B+/Negative) weak ability to do so in FC. As a consequence, we removed sovereign support from the Long-Term IDRs.
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REC's ratings are credit-linked to those of the sovereign, which means rating action on the sovereign would result in similar rating action on REC.
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South Africa Sovereign Outlook Revision: Fitch revised the South African sovereign Outlook to Negative from Stable in November 2016 and affirmed the country at 'BBB-'.
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|
In turn, since Banorte's SRF is below the sovereign rating, this rating is unlikely to be affected in the event of a moderate sovereign downgrade.
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An upgrade of Alfa would therefore likely require a sovereign upgrade, while a sovereign downgrade would probably lead to a downgrade of the bank's ratings.
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KEY RATING DRIVERS Poste Vita's IFS rating is constrained by Italy's sovereign rating (BBB/Stable) due to the insurer's large exposure to Italian sovereign debt.
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If there is one sovereign in the world with the strength of the balance sheet to internalize that risk, we think it's the Chinese sovereign.
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Any decision to impose capital charges on sovereign debt holdings would be unlikely to affect our ratings as Prism already takes account of sovereign risk.
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A downgrade of India's sovereign rating will also trigger a downgrade of the bank's IDRs, which is at the same level as the sovereign rating.
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|
Fitch expects AsDB to maintain high disbursement volumes in sovereign lending and a fairly limited exposure to the non-sovereign sector (9.45% at end-2015).
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The clear lesson is that financial support from the U.S government has not and cannot change the core beliefs of sovereign or semi-sovereign entities.
|
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A downgrade of India's sovereign rating will also trigger a downgrade of the bank's IDR as it is at the same level as the sovereign.
|
|
He'd been peddling a workshop called "The Sovereign Factor: The Revolution Starts With You" — a nod to what is known as the sovereign citizens movement.
|
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Therefore, the bank's Outlook revision follows the affirmation of Mexico's sovereign rating at 'BBB+' and revision of the sovereign Outlook to Stable from Negative on Aug.
|
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However, an upgrade of the IDRs would additionally rely on the upgrade of the sovereign, as local and regional governments cannot be rated above the sovereign.
|
|
KORAIL's ratings are equalised with those of the Korean sovereign (AA-/Stable) due to the company's strong links with the sovereign and its high strategic importance.
|
|
However, the Negative Outlook on the sovereign reflects a weakening ability of the sovereign to support GIB due to the significant deterioration in its fiscal position.
|
|
"Israel is a sovereign nation with the right, like every other sovereign nation, to determine its own capital," Trump said in a speech announcing the move.
|
|
An upgrade of the banks' VRs is possible if the sovereign ratings are upgraded but this is unlikely given the Negative Outlook on the sovereign rating.
|
|
However, the Negative Outlook on the sovereign reflects a weakening ability of the sovereign to support the banks due to significant deterioration in its fiscal position.
|
|
Chile's sovereign balance sheet remains its key strength relative to peers, but it is experiencing the most rapid erosion of any sovereign in the 'A' category.
|
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Take this document, for example, written by a sovereign citizen, in which he declares himself to be a superior court judge: Sovereign citizen legal documents, decoded.
|
|
Both the sovereign and PDVSA bonds were down across the curve, with PDVSA's 2021 issue falling 1.5 cents and the sovereign 2022 issue dropping 1.3 cents.
|
|
By Shore's calculation, transferring a patent from a non-sovereign entity to a sovereign one would increase its value anywhere from four to ten times over.
|
|
Capape said though more sovereign wealth funds are joining the group of sovereign venture funds, Temasek was still leading in terms of capital deployed and activity.
|
|
Recent data suggests "trade wars and overheated valuations are turning most sovereign wealth funds cautious", said Javier Capape, Sovereign Wealth Lab director at IE Business School.
|
|
Namibia Water Corporation's Long-Term Local Currency IDR is equalised with that of its Namibian sovereign parent and today's action follows the downgrade on the sovereign.
|
|
The Qatar Investment Authority is one of the world's largest sovereign funds, with $295.33 billion in assets under management, according to the Sovereign Wealth Fund Institute.
|
|
SOVEREIGN CLOUD Previous French government-supported attempts to build a so-called "sovereign" cloud to store the most sensitive data held by companies and states failed.
|
|
RATING SENSITIVITIES Credit-Linked to Sovereign: Positive rating action for the sovereign, in conjunction with consistent strong state support, would lead to positive rating action on SBC.
|
|
Fitch's expectation is that the relativities of GFNorte and Banorte's VR/IDRs versus the sovereign rating will be maintained in the event of a potential sovereign downgrade.
|
|
The European Union fulfills damn near every requirement of being a sovereign country but it's still not a sovereign country because no one recognizes it as such.
|
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As SGI's IFS rating is at the same level as the South Korean sovereign (AA-/Stable), an upgrade would also require an upgrade of the sovereign rating.
|
|
This week's proposal—for a new asset, sovereign-bond-backed securities (SBBS)—both leaves states responsible for their own debts and encourages banks to diversify sovereign risk.
|
|
RATING SENSITIVITIES Malopolska's IDRs are currently constrained by the sovereign (A-/Stable) ratings and any change in the sovereign IDRs will be mirrored in the region's IDRs.
|
|
"A sovereign nation that cannot—or worse, chooses not—to defend its borders will soon cease to be a sovereign nation," added Homeland Security Secretary Kirstjen Nielsen.
|
|
Local 10-year sovereign debt yields soared as high as 8.615% - levels last seen in May this year - while dollar-denominated sovereign bonds also suffered a selloff.
|
|
We have set the sovereign constraint at one notch higher than the sovereign rating of Italy, in recognition of SACE's strong credit profile and diversification by geography.
|
|
However, the Negative Outlook on the sovereign reflects a weakening ability of the sovereign to support the banks due to the significant deterioration in its fiscal position.
|
|
That investigation involved supra-sovereign bonds, issued by institutions like the European Investment Bank; sovereign bonds; and agency bonds issued by government-linked agencies or regional authorities.
|
|
" SHAMAILA KHAN, DIRECTOR OF EMERGING MARKET DEBT STRATEGIES AT ALLIANCEBERNSTEIN "Mexico sovereign downgrade has less of an impact directly on sovereign bonds as spreads already reflect credit deterioration.
|
|
Those names include Singapore-based sovereign funds GIC and Temasek, Malaysian sovereign fund Khazanah Nasional Berhad, Warburg Pincus, Canada Pension Plan Investment Board, Silver Lake and General Atlantic.
|
|
Back in May, on the TechCrunch Disrupt Berlin stage, Myki announced a partnership with self-sovereign identity application Blockpass to combine self-sovereign identity and offline password security.
|
|
The Sovereign Wealth Fund Institute ranks Singapore's GIC as the sixth-largest sovereign wealth fund in the world, and estimates it holds approximately $440 billion in total assets.
|
|
RATING SENSITIVITIES Credit-Linked to Sovereign: Positive rating action would stem from a similar change in the ratings of the sovereign, in conjunction with continued strong state support.
|
|
This includes the maturity of an USD580m sovereign-guaranteed bond issued by the DBM on 21 March 2017, and another USD500m sovereign bond due on 5 January 0003.
|
|
KIA, a major global investor, manages about $592 billion in assets, according to the Sovereign Wealth Fund Institute, which ranks it the world's fourth-biggest sovereign wealth fund.
|
|
As I mentioned, the FBI considers the sovereign citizens movement to be a domestic terrorist movement, and there have been a number of violent incidents involving sovereign citizens.
|
|
S&P lowered its long-term foreign currency sovereign credit rating on South Africa by one notch and affirmed short-term foreign currency sovereign credit rating at 'B'.
|
|
However, an upgrade of the IDRs would additionally rely on the upgrade of the sovereign ('A-' /Stable), as local and regional governments cannot be rated above the sovereign.
|
|
The fund, which the Sovereign Wealth Fund Institute ranked as the 13th largest public fund globally and the eighth largest sovereign wealth fund, holds assets across 40 countries.
|
|
Fitch considers it unlikely that Argentine banks could be rated above the sovereign, making any upside potential in Macros's ratings contingent on positive developments in the sovereign rating.
|
|
A sovereign country facing this situation would declare a legal default on its debts, but Puerto Rico is not a sovereign nation — it's subject to US federal law.
|
|
The KIA is one of the world's largest sovereign wealth funds with about $592 billion under management, according to the Sovereign Wealth Fund Institute, which tracks the industry.
|
|
The JP Morgan local currency sovereign debt index fell over 15 percent in 2015 whilst its hard currency sovereign and corporate debt benchmarks returned just over 1 percent.
|
|
The sovereign has also made strong progress in repaying the loans it received from the IMF during the sovereign crisis, with around 63% of its €483bn loan repaid.
|
|
"I don't expect a sovereign crisis because the ECB will continue to manage the bond market and avoid a sharp rise in the sovereign interest rate," she said.
|
|
" SHAMAILA KHAN, DIRECTOR OF EMERGING MARKET DEBT STRATEGIES AT ALLIANCEBERNSTEIN "Mexico sovereign downgrade has less of an impact directly on sovereign bonds as spreads already reflect credit deterioration.
|
|
VR In Fitch's opinion, there is no upside potential of Citibanamex's VR considering the current sovereign rating, since the bank's VR is already one notch above Mexico's sovereign rating.
|
|
Sterling corporate bond volumes were 46 percent lower than their 30-day average, with euro sovereign bond volumes 24 percent lower and sterling sovereign bond volumes 11 percent lower.
|
|
The most recent data, which includes all sovereign defaults up to the end of 2017, shows that defaulted sovereign debt accounts for just 0.3% of all world public debt.
|
|
Sovereign loans are protected by the bank's preferred creditor status, which ensures that EIB will be repaid in priority in the event of a sovereign defaulting on its obligation.
|
|
Batelco as a state-owned entity is highly unlikely to be rated higher than the sovereign, therefore any negative rating action for the sovereign would impact Batelco's rating negatively.
|
|
HSBC Mexico's IDRs are sensitive to changes in Mexico's sovereign rating on the down side, since its ratings are at the maximum uplift of two notches above the sovereign.
|
|
Lower sovereign debt holdings will also reduce concentration risk, however the sector is likely to remain highly exposed to any deterioration in the Italian sovereign credit profile or rating.
|
|
SOVEREIGN RATING MODEL AND QUALITATIVE OVERLAY Fitch's proprietary Sovereign Rating Model (SRM) assigns Israel a score equivalent to an 'A+' rating on the Long-Term Foreign-Currency IDR scale.
|
|
PFC's ratings are credit-linked to those of the sovereign, so a positive or negative rating action on the sovereign would result in similar rating action on the issuer.
|
|
EU antitrust regulators on Thursday charged four banks with taking part in a U.S. dollar supra-sovereign, sovereign, agency bond trading cartel over a seven-year period to 2015.
|
|
China Huarong is credit-linked to the Chinese sovereign (A+/Stable) and rated one notch below the sovereign, reflecting the company's state-ownership and strong control by the authorities.
|
|
"As a sovereign wealth fund, sanctioning us strongly would create a precedent for other sovereign wealth funds to really pull their money out of the U.S. economy," he said.
|
|
But we do expect all nations to uphold these two core sovereign duties: to respect the interests of their own people and the rights of every other sovereign nation.
|
|
Fitch considers it unlikely that Argentine banks could be rated above the sovereign, making any upside potential in BBVA Frances's ratings contingent on positive developments in the sovereign rating.
|
|
A sovereign downgrade would likely result in a downward revision of the SRFs of Ziraat, Halk and Vakifbank due to the diminished ability of the sovereign to provide support.
|
|
Any negative sovereign rating action would affect the relatively small number of sovereign-linked or capped ratings in infrastructure, public finance and structured finance and government-guaranteed bank debt.
|
|
Rating Sovereign Constraint All of the restricted group's assets are based in Nigeria, which means the company is exposed to the risks associated with the Nigerian sovereign (B+/Stable).
|
|
On the same day, Russia's sovereign wealth fund announced plans to bring in Saudi Arabia's sovereign wealth fund as a new partner in its joint Russia-China Investment Fund.
|
|
These are of mostly good quality, while higher-risk Venezuelan exposures (in the form of sovereign and quasi-sovereign bonds) were a moderate 17% of FCC at end-2016.
|
|
Linkage to the Sovereign Batelco's current rating does not benefit from any uplift for government support, as the company's standalone rating is at the same level as the sovereign.
|
|
The Negative Outlook mirrors that on the sovereign, meaning that GIB's IDR will be downgraded to 'BBB+' in the event of a downgrade by one notch of the Saudi sovereign.
|
|
RATING SENSITIVITIES Positive: Developments that may, individually or collectively, lead to positive rating action include: - Positive rating action on the Chinese sovereign - Strengthening linkage between CCCG and the Chinese sovereign.
|
|
And only about 10 of the world's 80 or more sovereign funds have made sizeable investments in tech ventures so far according to market research firm Sovereign Wealth Fund Institute.
|
|
Some Chinese state-owned entities have argued that they have sovereign immunity and thus can't be sued in U.S. courts under the U.S. Foreign Sovereign Immunities Act (FSIA) of 1976.
|
|
"If we rewrote the rules on Puerto Rico's sovereign debt now, what would that do to the sovereign debts of the 50 states?" asked Representative Thomas McClintock, Republican of California.
|
|
"In India and China, there's very strong demand for sovereign...But on the other hand, some other countries for different reasons they probably prefer more non-sovereign lending," he said.
|
|
"What we look at when we make positive adjustments for sovereign wealth funds is the extent to which a sovereign wealth fund can cover the country's external debt," says Lindow.
|
|
SOVEREIGN RATING MODEL and QUALITATIVE OVERLAY Fitch's proprietary sovereign rating model (SRM) assigns Egypt a score equivalent to a rating of 'B' on the Long-Term Foreign-Currency IDR scale.
|
|
In practice, this latter approach would lead to banks altering the mix of their sovereign portfolios to shift partly out of their home sovereign and into other eurozone government debt.
|
|
There is … about $220 billion — $220 billion — a month coming from the central banks of the world into sovereign debt, dragging $12 trillion worth of sovereign debt into negative yield.
|
|
SOVEREIGN RATING MODEL and QUALITATIVE OVERLAY) Fitch's proprietary sovereign rating model (SRM) assigns Macao a score equivalent to a rating of 'AA-' on the Long-Term Foreign-Currency IDR scale.
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KEY RATING DRIVERS Estonia's sovereign ratings are supported by a strong sovereign balance sheet, a sound macroeconomic policy framework, eurozone membership, and healthy governance indicators in comparison with rated peers.
|
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An upgrade of Generali's ratings is unlikely in the near future given the sovereign constraint at two notches above the sovereign rating, the maximum level possible according to our methodology.
|
|
A downgrade of Indonesia's sovereign ratings or a demotion in IIGF's status due to a dilution of its legal status or control by the sovereign could trigger a rating downgrade.
|
|
"The possibility of unexpected political outcomes, could lead to sharp policy shifts in euro zone member states with implications for sovereign ratings," S&P's top sovereign analyst Moritz Kraemer said.
|
|
ADIA and KIA manage a combined total of about $1.5 trillion in assets, according to the Sovereign Wealth Fund Institute, making them among the biggest sovereign funds in the world.
|
|
"France is a sovereign state, it decides its fiscal provisions in a sovereign manner, and it will continue to decide its tax decisions in a sovereign manner," Bruno Le Maire, France's finance minister, said in front of the Senate, according to the AP. Allies needed to settle differences "without using threats," he added.
|
|
However, further sovereign rating actions could also affect these banks' IDRs, since they are already at the typical maximum uplift for banks with external institutional support, two notches above the sovereign.
|
|
The Long-Term IDR of Turkcell is at the Turkish sovereign level, and a negative action on the Turkish sovereign rating would likely be mirrored in Turkcell and TFS's ratings respectively.
|
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"Cash flow benefits have effectively been transferred from global investors to sovereign issuers, as sovereign borrowing costs have dropped in response to central bank monetary stimulus," Fitch said in the report.
|
|
SOVEREIGN RATING MODEL and QUALITATIVE OVERLAY Fitch's proprietary sovereign rating model (SRM) assigns Sri Lanka a score equivalent to a rating of 'BB-' on the Long-term Foreign-Currency IDR scale.
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Later on Friday, Moody's is scheduled to review Spain's sovereign rating, days after warning that political tensions between Madrid and the secessionist leadership in Catalonia were credit-negative for the sovereign.
|
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"I don't see that a downgrade of Pemex, like we just had, that doesn't spell a sovereign downgrade necessarily," said Seville, the agency's co-head of sovereign ratings in the Americas.
|
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Fitch does not assign VRs to any Turkish banks above the sovereign FC IDR due to their concentrated operations in the Turkish market and typically high exposure to the Turkish sovereign.
|
|
RATING SENSITIVITIES Credit Linked to China Sovereign: Positive rating action would stem from a similar change in the ratings of the sovereign, in conjunction with continued strong support from the state.
|
|
" Yet it is reasonable to "expect all nations to uphold these two core sovereign duties: to respect the interests of their own people and the rights of every other sovereign nation.
|
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VRs An upgrade of Sberbank's VR could be triggered by a sovereign upgrade, as Fitch believes that Sberbank's intrinsic credit strength is close to and correlated with that of the sovereign.
|
|
EU antitrust regulators on Thursday charged four banks with taking part in a U.S. dollar supra-sovereign, sovereign, agency bond trading cartel over a seven-year period going up to 2015.
|
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The Bank of Mexico described how rating agencies downgraded Mexico's sovereign risk outlook from stable to negative and, in turn, sovereign risk premia and medium and long-term interest rates rose.
|
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SOVEREIGN RATING MODEL AND QUALITATIVE OVERLAY Fitch's proprietary Sovereign Rating Model (SRM) assigns Hong Kong a score equivalent to a rating of AA+ on the Long-Term Foreign-Currency IDR scale.
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Conversely, a revision of the sovereign Outlook to Stable would lead to the same actions on the banks, while a downgrade of the sovereign would trigger a downgrade of the banks.
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"The four banks exchanged commercially sensitive information and coordinated on prices concerning U.S. dollar denominated supra-sovereign, sovereign and agency bonds, known as 'SSA bonds'," the Commission said in a statement.
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If the congressman had approached us as tribal sovereigns, we would have sought to bring our traditional knowledge into decision-making on a sovereign-to-sovereign basis with the federal government.
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Where the banks' IDRs are driven by sovereign support, they would be sensitive to a change in their Support Ratings or Support Rating Floors through a change to the sovereign rating.
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|
With a sovereign bond market that now exceeds $2.5 trillion, making it the third largest sovereign market in the world, it is inconceivable that a default on Italy's sovereign bond market would not have major reverberations throughout the global financial system in much the same way as did the Lehman Brothers bankruptcy in 2008.
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"Common themes that have driven sovereign ratings in the last few years will dominate again in 2019, including tightening sovereign financing conditions, commodity price fluctuations and political and geopolitical developments," McCormack said.
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KEY RATING DRIVERS Estonia's sovereign ratings are supported by solid credit fundamentals, including a strong sovereign balance sheet, a sound macroeconomic policy framework and healthy governance indicators in comparison to rated peers.
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KEY RATING DRIVERS The IFS rating is constrained by Italy's sovereign rating (BBB+/Stable), given Poste Vita's large exposure to Italian sovereign debt (EUR74.5bn at end-2015 or around 23x shareholders' funds).
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|
The fund also limits the maturity date of any single investment to 397 days other than sovereign or quasi-sovereign floating-rate notes, which may have maturities of up to 24 months.
|
|
KEY RATING DRIVERS China Huarong is credit-linked to the Chinese sovereign (A+/Stable) and rated one notch below the sovereign, reflecting the company's state ownership and strong control by the authorities.
|
|
Russia's RDIF sovereign wealth fund and some of its partners, including sovereign wealth funds from Asia and the Middle East, said they were also interested in co-investing into Russian infrastructure projects.
|
|
The largest EU banking groups would be less affected by the possible changes because they already use internal model-based approaches to calculate sovereign capital charges and have more diversified sovereign portfolios.
|
|
While the drama in Venezuela currently has center stage in sovereign debt circles, a lawsuit in San Juan has the potential to be one of the most significant in sovereign debt history.
|
|
But the number of deals by sovereign investors, which include sovereign wealth funds (SWFs) and state pension funds, fell to 183 in 703 from 198 in 2016, according to Thomson Reuters data.
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"When we realized there was such a huge disparity in value, we started trying to figure out ways to help our non-sovereign clients get the protection of sovereign immunity," Shore said.
|
|
Germany and other states with lower debts want to end the doom-loop by making sovereign bonds' holdings more expensive for banks, forcing them to set aside capital against sovereign debt risks.
|
|
Turkish sovereign dollar bonds fell across the curve on Monday and the cost of insuring exposure to Turkish debt rose after Moody's and S&P Global lowered their sovereign credit ratings on Friday.
|
|
The global supply of long- and short-term sovereign securities yielding less than zero now nears $13 trillion, constraining the ability of banks, insurers and other sovereign investors to generate fixed-income returns.
|
|
Sovereign-wealth funds invested over 15% of their worldwide spending in student accommodation that year, up from less than 4% in 2011-15, according to the Sovereign Wealth Lab at IE Business School.
|
|
KEY RATING DRIVERS Linkage to the Sovereign: Batelco's current rating does not benefit from any uplift for government support, as the company's 'BB+' standalone rating is at the same level as the sovereign.
|
|
However, given the large exposure to Italian sovereign debt, Poste Vita would be faced with a significant increase in capital charges if European regulators were to remove the zero risk-weighting for sovereign.
|
|
You have states, the United States, France, Germany, Italy — all sovereign states with sovereign currencies: dollar, euro and so on and they are sticking to some very strong commitments, some very strong rules.
|
|
Investors have been concerned that JPMorgan could exclude PDVSA from the EMBI Global benchmarks of sovereign and sub-sovereign emerging hard-currency debt after Washington imposed sweeping sanctions on the company on Monday.
|
|
A downgrade of the Bahraini sovereign by one notch would result in a downward revision of NBB's SRF by one notch, reflecting the weakening ability of the sovereign to support its domestic banks.
|
|
Banks with Long-Term Ratings Driven by Sovereign Support Changes to the sovereign rating or perception of state support to NSB and BOC could result in a change in their Support Rating Floors.
|
|
"Discussion on mechanics of sovereign bond has not started and we need to understand the macro economic implications of the sovereign bond issuance," the official, who did not wanted to be named, said.
|
|
Turkish sovereign dollar bonds fell across the curve on Monday and the cost of insuring exposure to Turkish debt rose after Moody's and S&P Global lowered their sovereign credit ratings on Friday .
|
|
Other ways to bring market pressure to bear would be through changing the risk weighting on sovereign bonds or through introducing caps on the concentration of sovereign bonds in banks' portfolios, he said.
|
|
"We turn more negative on Italian banks ... as sovereign spread volatility looks set to continue amid clashes with Brussels on the budget law and potential additional sovereign rating downgrades," Credit Suisse analysts said.
|
|
One major impact was the downgrade of U.S. sovereign debt from AAA to AA+ by Standard & Poor's, a decision that makes little sense based on the country's ability to issue a sovereign currency.
|
|
LONDON (Reuters) - Turkey needs to put a comprehensive and credible economic plan in place if it is to avoid another cut to sovereign credit rating, a senior Moody's sovereign analyst said on Thursday.
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|
"If you breach a state's sovereign immunity, then the argument against your own sovereign immunity being breached is weaker," Daveed Gartenstein-Ross, a senior fellow at the Foundation for Defense of Democracies, said.
|
|
A downgrade of the sovereign rating may result in a negative rating action to PSBC, but an upgrade of the sovereign rating may not lead to a similar rating action to the bank.
|
|
The fund also limits the maturity date of any single investment to 397 days other than sovereign or quasi-sovereign floating-rate notes (FRNs), which may have maturities of up to 24 months.
|
|
Lèse-majesté, a noun that means a crime committed against a sovereign power, or in a second definition, an offense violating the dignity of a ruler as the representative of a sovereign power.
|
|
People tend to want sovereign control of their energy supply.
|
|
Further large rises in sovereign spreads, though, could spell trouble.
|
|
We expect the sovereign to remain a net external creditor.
|
|
INGRAHAM: And sovereign wealth funds going in and investing early.
|
|
QA, the agricultural arm of the country's sovereign wealth fund.
|
|
LONDON (Reuters Breakingviews) - Sovereign wealth investors are sounding the alarm.
|
|
The Stable Outlook mirrors that on the Hungarian sovereign rating.
|
|
The Senate still needs to approve the sovereign debt deal.
|
|
Ratings agency DBRS reviews its sovereign debt rating on Italy.
|
|
Sovereign countries cannot outsource their security and prosperity to America.
|
|
The sovereign has announced initial price thoughts of 6.85% area.
|
|
MTN's rating is constrained by the South African sovereign rating.
|
|
Ahmed Javed was awarded this year's Sovereign Asian Art Prize.
|
|
Moody's rates South Africa's sovereign debt two notches above Turkey's.
|
|
That might lead rating agencies to downgrade Japan's sovereign rating.
|
|
So the outflows from sovereign wealth funds have surprised us.
|
|
The payment will be financed through new sovereign debt issuances.
|
|
That's not to say all sovereign wealth is at issue.
|
|
This is supposed to bolster confidence in the sovereign bolívar.
|
|
The economic consultancy advises multinational firms and sovereign wealth funds.
|
|
The latter is based on a history of sovereign support.
|
|
The Maldives is a sovereign country, not a geopolitical football.
|
|
This legislation would change longstanding international law regarding sovereign immunity.
|
|
His son, José Filomeno, ran the $5bn sovereign wealth fund.
|
|
They don't want to borrow too much in sovereign terms.
|
|
Prism FBM already includes a capital charge for sovereign assets.
|
|
But that's still well above other highly rated sovereign bonds.
|
|
These are corporates that are partially owned by the sovereign.
|
|
He acknowledged that the country was no longer "completely sovereign".
|
|
Oversubscribed issues for risky sovereign bonds have become almost normal.
|
|
It has no unique sovereign issuer to stand behind it.
|
|
China is the biggest foreign buyer of U.S. sovereign debt.
|
|
Kazakhstan's sovereign wealth fund will also invest, the WSJ said.
|
|
So the support for the sovereign bonds could be reduced.
|
|
Hence further negative sovereign rating action could impact TT's ratings.
|
|
Yield on Spanish sovereign bonds rose before the election announcement.
|
|
The Negative Outlook mirrors that on the Bahraini sovereign (BB+).
|
|
Jerry said he was a pastor and a sovereign citizen.
|
|
Customers would have the option of holding sovereign money accounts.
|
|
KEY RATING DRIVERS BAM's ratings are driven by sovereign support.
|
|
It will raise many eyebrows among other sovereign wealth funds.
|
|
Iran's government will provide a sovereign guarantee, the statement added.
|
|
Headlines Saudi Arabia's sovereign wealth fund eyes overseas expansion on.ft.
|
|
New Zealanders too are disinclined to replace their British sovereign.
|
|
Bulgaria's sovereign external buffer continues to strengthen as reserves climb.
|
|
A country can be wholly sovereign yet have little influence.
|
|
"This is a sovereign decision by the government," he said.
|
|
China in turn demanded that Vietnam "respect China's sovereign rights".
|
|
The Stable Outlook reflects the Outlook of the sovereign rating.
|
|
We have tried to deny the existence of sovereign nations.
|
|
There is no supreme law governing relations among sovereign states.
|
|
Dmitriev, who presides over Russia's $10 billion sovereign investment fund,
|
|
The Exposure Draft: Sovereign Rating Criteria is available at www.fitchratings.
|
|
The ancient republics were political bodies, but not sovereign states.
|
|
Iraq also has $2.7 billion in sovereign bonds due 2028.
|
|
We can secure our border, which is our sovereign responsibility.
|
|
Kazakhstan's sovereign dollar bonds fell across the curve on Tuesday.
|
|
L), Qatar's sovereign wealth fund, and Italian bank Intesa (ISP.
|
|
The Stable Outlook reflects the Outlook on the Qatari sovereign.
|
|
But they are not the only competitors to sovereign investors.
|
|
The younger Dos Santos currently heads Angola's sovereign wealth fund.
|
|
Saudi Arabia's sovereign wealth fund and the SoftBank Group Corp.
|
|
After all, sovereign citizens are his favorite group to study.
|
|
It's not, like, a specifically sovereign citizen sort of symbol.
|
|
Sovereign wealth funds have slowed down their startup investment pace.
|
|
The tribe did not claim sovereign immunity in that case.
|
|
"This is a sovereign state that dispenses justice," he said.
|
|
But it adamantly opposes that instrument becoming a sovereign currency.
|
|
Talks in the future would be between two sovereign states.
|
|
The Positive Outlook reflects that of the Spanish sovereign (BBB+).
|
|
It has 192 members, all of whom are sovereign nations.
|
|
On the contrary, in our republic, the people are sovereign.
|
|
He was a senior figure in a sovereign government's military.
|
|
Qassim Suleimani, the top general of Iran, a sovereign nation.
|
|
It has divested its enormous sovereign wealth fund from coal.
|
|
The United States can't dictate outcomes to a sovereign Iraq.
|
|
NEW YORK (Reuters Breakingviews) - Sovereign debt's bad boy is back.
|
|
Moody's Investors Service downgraded China's sovereign credit rating in May.
|
|
However, the reversal of sovereign risk improvements cannot be underestimated.
|
|
But these portfolios are primarily betting on overseas sovereign bonds.
|
|
When you also look at sovereign bond yields, they're lower.
|
|
The cost of insuring exposure to its sovereign debt rose.
|
|
Cyprus says that defining its EEZ is its sovereign right.
|
|
Negative: Developments that may, individually or collectively, lead to negative rating action include: - Negative rating action on the Chinese sovereign - Weakening linkage between CCCC and CCCG - Weakening linkage between CCCG and the Chinese sovereign.
|
|
MOSCOW, Oct 25 (Reuters) - Russian sovereign wealth fund RDIF said on Thursday that Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF) would become a new partner in the joint Russia-China Investment Fund.
|
|
The uncertainty for economic policy, external trade and regulatory frameworks created by June's Brexit vote are a sovereign rating weakness for the UK. Our sovereign ratings assessment is not predicated on any base case.
|
|
Sovereign and quasi-sovereign debt issuers from Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait will all become eligible for the EMBI Global Diversified (EMBIGD), EMBI Global (EMBIG) and EURO-EMBIG indexes.
|
|
It's somewhat analogous to the sovereign citizen movement, which is to say these men reject the idea of even seeking a romantic partner the way that a sovereign citizen might reject the federal government.
|
|
If Italy's rating were downgraded to BBB- or lower, it is likely that Fitch would reconsider its approach of rating SACE one notch above the sovereign and would equalize its rating with the sovereign.
|
|
Citi's aggregate G5 and G7 sovereign bond yields, which capture sovereign borrowing costs in the world's biggest and most industrialised economies, were also at their lowest since the U.S. bank began compiling the data.
|
|
Generali's ratings are heavily influenced by the concentrated exposure to Italian sovereign debt (EUR66 billion at end-2016, 2.7x consolidated shareholders' funds), which is reflected in the sovereign constraint on Generali's ratings at 'A-'.
|
|
Should Italy's rating be downgraded to 'BBB-' or lower, it is likely that Fitch would reconsider its approach of rating SACE one notch above the sovereign and would equalise its rating with the sovereign.
|
|
As of September 13, sovereign wealth funds around the world had amassed $7.4 trillion in assets under management, according to the Sovereign Wealth Fund Institute (SWFI), up from $3.4 trillion almost a decade ago.
|
|
As of September 2017, sovereign wealth funds around the world had amassed $7.4 trillion in assets under management, according to the Sovereign Wealth Fund Institute (SWFI), up from $3.4 trillion almost a decade ago.
|
|
Impeachment is designed for an offense so bad that it essentially is like defecting to another sovereign or taking action in the interest of another sovereign to the clear detriment of the United States.
|
|
In Fitch's view, these banks' standalone profiles have remained unchanged despite the Thai sovereign rating action, which has led to a narrowing of the gap relative to the sovereign on the national scale ratings.
|
|
The tale can vary from sovereign to sovereign, but it goes roughly like this: At some point, a corporation secretly usurped the United States government, then went bankrupt and sought aid from international bankers.
|
|
Set up in 2005, the QIA benefited from Qatar's gas boom amassing assets of over $300 billion and making it one of 10 world's largest sovereign wealth funds, according to the Sovereign Wealth Fund Institute.
|
|
Exposure to Guatemala's Sovereign Ratings: Fitch considers in CBC's ratings a higher weight of Guatemala's sovereign rating (BB/Stable) as it is the company's main market in terms of consolidated revenues (34%) and EBITDA (103%).
|
|
In the event of a one notch downgrade to the Japanese sovereign rating, Fitch would likely affirm Symetra's ratings, due to its lack of direct exposure to Japan and the issues constraining its sovereign rating.
|
|
The banks' VRs are capped by the South African sovereign rating (BBB-/Negative) due to the majority of their operations being in South Africa and their high exposure to domestic sovereign debt relative to capital.
|
|
In a stress scenario above the French sovereign rating, Fitch would model a default of the sovereign and apply an 214% probability of default with minimal recoveries given default to all French public-sector exposures.
|
|
Banks Rated Above the Sovereign The Viability Ratings (VRs) of Bradesco, IU and IUH were downgraded to 'bb+' from 'bbb-', and remain one notch above Brazil's sovereign rating, due to their very strong credit profile.
|
|
Other Russian sovereign bonds were mostly flat on the day but the size of the 2030 issue meant the average Russian sovereign bond yield spread over U.S. Treasuries rose 11 basis points on the day.
|
|
ALMATY, Nov 20 (Reuters) - Alik Aidarbayev, former deputy head of Kazakhstan's sovereign wealth fund, has been named chief executive of the Central Asian nation's national oil company, KazMunayGaz, sovereign fund Samruk-Kazyna said on Tuesday.
|
|
A downgrade of the Bahraini sovereign by one notch would result in a downward revision of NBB's and BBK's SRFs by one notch, reflecting the weakening ability of the sovereign to support its domestic banks.
|
|
S&P said last week put Mexico's sovereign debt on a negative outlook and said there was a one-in-three chance of a sovereign downgrade in the coming year, although not yet to junk.
|
|
The trader noted that China's sovereign 20.35-year CDS further marginally tightened to 2106.7bp/23bp, a new low since 26.0, ahead of the issuance of US$23.875bn sovereign bonds in the international market scheduled Thursday.
|
|
Fitch expects the revised approach to the assignment of its sovereign ratings to have no impact on existing ratings or Outlooks as it essentially captures the way that the agency currently assigns its sovereign ratings.
|
|
"This moment highlights why it's so important that we redouble our efforts to make sure that every federal agency truly consults and listens and works with you, sovereign to sovereign," he said at the event.
|
|
The disagreement lies on the idea of "having one sovereign entity reach into another sovereign entity's tax base and change tax laws retroactively, which is what we believe the state-aid decision did," Lew said.
|
|
Pakistan's sovereign credit rating, for instance, is deep in junk territory.
|
|
Public finances are a key weakness in Egypt's sovereign credit profile.
|
|
FTIT8300, which have a big sovereign debt exposure, slumped 2 percent.
|
|
Consequently, Pritchett believes France has no sovereign right to the ships.
|
|
He wants to have a sovereign nation that has physical borders.
|
|
We only ask that you honor our sovereign rights in return.
|
|
The move gives the drug sovereign immunity from certain patent challenges.
|
|
Citing sources, CNBC says Grail is mostly focused on sovereign funds.
|
|
We&aposre just going to get borders -- sovereign nation with borders.
|
|
Legally, Asgardia hopes to establish history's first sovereign nation in space.
|
|
For 60 years, the US recognized no sovereign claim to Jerusalem.
|
|
The U.K. people made a sovereign decision with respect to Brexit.
|
|
Nigeria is benefiting from pent-up demand for African sovereign debt.
|
|
The Stable Outlooks on these IDRs mirror that of the sovereign.
|
|
"Our sovereign right is unquestioned," Roque told a regular news briefing.
|
|
She is also the first woman to visit every sovereign nation.
|
|
Malaysian government "sovereign wealth fund" called 1Malaysia Development Berhad, or 1MDB.
|
|
Deutsche was one of the organizers of Russia's last sovereign Eurobond.
|
|
By 2015, 40% of the continent's sovereign bonds offered negative yields.
|
|
Investors streamed into the safe harbours of sovereign bonds and gold.
|
|
Turkey's dollar-denominated sovereign bonds rose, supported by the strengthening lira.
|
|
Spreads during the eurozone sovereign debt crisis peaked at around 550bp.
|
|
The sovereign council was due to be sworn in on Monday.
|
|
We removed sovereign support from most EU banks in May 2015.
|
|
Without it, banks will have little incentive to diversify sovereign risk.
|
|
Bank deposits are not as safe as sovereign money, they say.
|
|
Some $11.5 trillion in sovereign debt now carries negative interest rates.
|
|
He assumed responsibility for sovereign wealth funds coverage in September 2013.
|
|
Chinese sovereign five-year CDS was around 96.33bp wider at 60bp.
|
|
Sovereign rights cover entitlements to fish and extraction of natural resources.
|
|
Most other sovereign wealth funds are secretive about their asset allocation.
|
|
And the number should grow as sovereign wealth funds join in.
|
|
It is competitive and rich (a huge sovereign-wealth fund helps).
|
|
Any incursion into the territory of a sovereign state is illegal.
|
|
Risks for the sovereign stemming from the banking sector are moderate.
|
|
To view a graphic on Largest sovereign wealth funds, click: tmsnrt.
|
|
"Sovereign debt does not look cheap," he told CNBC's Squawk Box.
|
|
Between 2007 and 2015, the kingdom issued no official sovereign debt.
|
|
The king, not parliament, is sovereign and chooses his prime minister.
|
|
A financial collapse overseas was possible amid a sovereign debt crisis.
|
|
We need to be a sovereign nation that has physical borders.
|
|
You know, we have an international system of competing sovereign states.
|
|
Other euro zone sovereign borrowers have issued green bonds via syndication.
|
|
The country's sovereign debt is not subject to that same restriction.
|
|
He'll still weigh in on sovereign-debt matters, probably from academe.
|
|
Suppose an economic shock raises the risk of a sovereign default.
|
|
And sovereign governments are increasingly driving the evolution of the industry.
|
|
But the country's reaction to losing a sovereign this long-lasting?
|
|
The Negative Outlook on PB's IDR mirrors that on the sovereign.
|
|
If sovereign and subject are in accord, put division between them.
|
|
Other presidents have launched attacks on sovereign nations for humanitarian reasons.
|
|
Or are they unable to influence the people of sovereign nations?
|
|
S. holder of U.S. sovereign debt for a third straight month.
|
|
The sovereign also guarantees a significant proportion of the bank's funding.
|
|
ARGENTINA'S $22015 billion sovereign default in 25.8 was the largest ever.
|
|
He said U.S. rates have been supported by European sovereign rates.
|
|
RATING SENSITIVITIES A sovereign downgrade would be reflected in Rome's IDRs.
|
|
Among the expected participants is Singapore-based sovereign wealth fund Temasek.
|
|
It was set up as a sovereign wealth fund in 1998.
|
|
Most of the additional cash has come from sovereign wealth funds.
|
|
The operation is one of the world's top sovereign derivatives trades.
|
|
Most of Latin America's sovereign ratings currently have a Stable Outlook.
|
|
The sovereign is rated Ba3 by Moody's and B+ by Fitch.
|
|
This is resulting in worsening sovereign debt and external asset ratios.
|
|
Tatneft's 'BBB-' Long-Term IDR is capped by Russia's sovereign rating.
|
|
France boomed, unemployment disappeared and the sovereign debt crisis was forgotten.
|
|
Putin's troops are still illegally occupying territory in these sovereign countries.
|
|
Second is the relatively low foreign ownership of Italian sovereign paper.
|
|
Fitch's "reserve currency flexibility" indicator incorporates this into our sovereign ratings.
|
|
Meanwhile, euro zone peripheral sovereign bond spreads are widening once again.
|
|
Rating agencies Fitch and Moody's reviews sovereign debt rating on Italy.
|
|
In 1948, Israel declared its independence and became a sovereign state.
|
|
Beginning in 2009, a sovereign debt crisis emerged in the eurozone.
|
|
Sovereign citizens also frequently find themselves in court for criminal activity.
|
|
The Stable Outlook is in line with that on the sovereign.
|
|
AR: Amazon is like the sovereign exception that proves the rule.
|
|
The program is seen as the world's top sovereign derivatives trade.
|
|
Cassatt, Windley and Zyskind explore the emergence of self-sovereign identities.
|
|
They do not have the formal lawmaking authority of sovereign states.
|
|
"There's only room for one sovereign at a time, not two."
|
|
Yields on South Africa's sovereign dollar bonds rose across the curve.
|
|
Or Parliament, which by convention is sovereign and cannot be overruled?
|
|
This credit weakness is incorporated in Iraq's 'B-'/Stable sovereign rating.
|
|
"S&P Italy Sovereign & Bank Conference 2018" in Milan (0700 GMT).
|
|
Dmitriev runs Russia's sovereign wealth fund and reports directly to Putin.
|
|
Within the fixed-income portfolio, funds favored exposure to sovereign debt.
|
|
The report, "Western Europe Sovereign Credit Overview", is available on www.fitchratings.
|
|
"It's about being our own sovereign nation again," Mr. Plumb said.
|
|
The cabinet and the sovereign council will meet together on Sept.
|
|
And they waged wars to assert or defend their sovereign claims.
|
|
KEY RATING DRIVERS BAM's ratings are driven by sovereign support considerations.
|
|
Some countries are theoretically sovereign, but de facto power lies elsewhere.
|
|
The "S" is said to stand for "Sovereign," the publication reports.
|
|
Are their sovereign wealth funds going to invest in your infrastructure?
|
|
Other sovereign wealth funds, like that of Qatar, have also invested.
|
|
They were also unscathed by the euro zone's sovereign debt crisis.
|
|
The cost of insuring exposure to Turkey's sovereign debt also fell.
|
|
Related Research Negative Yielding Sovereign Debt (Investors' Cash Flow Squeezed) here
|
|
Liquidity buffers mainly consist of cash and high quality sovereign bonds.
|
|
Every federally recognized tribe is fiercely proud of their sovereign status.
|
|
Those fund flows have driven Asian sovereign yields to record lows.
|
|
Sovereign priorities have also hindered efforts to streamline the European Commission.
|
|
The sovereign also intends to issue €3bn via its EMTN programme.
|
|
SACE's ratings will be downgraded if Italy's sovereign rating is downgraded.
|
|
"Poland is and must be a sovereign country," Mr. Kaczynski said.
|
|
Even if viewed only once,"Sovereign" thrives long after its end.
|
|
The sovereign is rated Ba1 by Moody's and BB+ by Fitch.
|
|
The real hurdles are borders, sovereign governments, global trade and businesses.
|
|
A cryptocurrency backed by a sovereign government would be even bigger.
|
|
Do we simply assume investors will buy American sovereign debt forever?
|
|
"We need to be sovereign in our land," he tells me.
|
|
Fitch had downgraded Argentine sovereign debt to "restricted default" last week.
|
|
It is nominally part of India, but technically a sovereign territory.
|
|
All sovereign states decide who can or cannot enter their territory.
|
|
There's an easy solution: Establish a Social Security sovereign wealth fund!
|
|
Mr. Abovitz declined to comment on the Saudi sovereign wealth fund.
|
|
Investors streamed into the safe harbors of sovereign bonds and gold.
|
|
SALIC is owned by the kingdom's sovereign investor Public Investment Fund.
|
|
An authoritarian foreign clique flaunts its sovereign immunity in American courts.
|
|
"It is a sovereign Afghan decision," he told CNN's Fareed Zakaria.
|
|
This includes everything from household debt to corporate and sovereign debt.
|
|
The Cuban people will continue to give due and sovereign response.
|
|
Japan has been an anchor for sovereign bonds for so long.
|
|
Its biggest shareholder is Qatar Investment Authority, the sovereign wealth fund.
|
|
Its biggest shareholder is Qatar Investment Authority, the sovereign wealth fund.
|
|
The United Nations and the U.S. consider it a sovereign country.
|
|
Sovereign governments simply do not trade away their vital national interests.
|
|
Changes in the IDRs are also contingent on sovereign rating actions.
|
|
This could arise in the event of a sovereign rating action.
|
|
It also detailed the impact of sanctions on Russia's sovereign debt.
|
|
The Negative Outlook reflects that on the UK sovereign (AA/Negative).
|
|
Beijing has not disputed the Philippines' sovereign rights to the area.
|
|
Regulations on liquidity and capital encourage banks to hold sovereign debt.
|
|
They think we are dealing with some sort of sovereign entity.
|
|
Only Norway, China and United Arab Emirates have bigger sovereign funds.
|
|
We affirmed Cote d'Ivoire's 'B+'/Stable sovereign rating on 9 December.
|
|
The sovereign is rated A1 by Moody's and A+ by Fitch.
|
|
China is a large sovereign nation with domestic constituents to please.
|
|
Nonetheless, it is a sovereign power with its own court system.
|
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However, its debt does not benefit from guarantees from the sovereign.
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S. sovereign issues, municipal bonds and Treasuries as well as MBS.
|
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Beijing is primed to launch the world's first digital sovereign currency.
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Rely on unilateral, independent and sovereign Cuban decisions to foster change.
|
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Demand for its high-yielding sovereign debt has remained consistently strong.
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CHRISTINE LAGARDE: And then the European sovereign debt crisis came about.
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Standard & Poor's took Turkey's sovereign debt rating even lower on Friday.
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Since time immemorial, American Indian tribes have existed as sovereign nations.
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The Aaa rating is the highest such mark for sovereign debt.
|
|
Sovereign nations remain in incessant pursuit of power and self-interest.
|
|
" "The Mexican sovereign trades like it has a BBB- credit already.
|
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People in the sovereign citizen movement tend to say certain things.
|
|
However, the ratings agency said it expected credit growth in Saudi Arabia to "rebound materially" in the second half of 2018, and banks' funding needs could increase amid rising domestic sovereign and quasi-sovereign debt sales.
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In a throwback to the euro zone sovereign debt crisis of 2011-2012, the banking concerns morphed into aversion towards sovereign risk and the most vulnerable countries were singled out by investors looking to safer pastures.
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"These regulatory reforms should enhance banks' incentives to take sovereign risk into account...while at the same time allow banks to continue playing their market‐maker and stabilizing roles in sovereign debt markets," the paper said.
|
|
The first quarter of 2016 has been prolific for emerging market sovereign issuers with countries and quasi-sovereign names selling $44 billion of debt, the highest in more than 15 years, according to Thomson Reuters data.
|
|
Banks With Long-Term Ratings Driven by Sovereign Support Any change in the sovereign rating or perception of state support to NSB, Bank of Ceylon and People's Bank could result in a change in their SRFs.
|
|
Ratings agency S&P last week put Mexico's sovereign debt on a negative outlook and said there was a one-in-three chance of a sovereign downgrade in the coming year, although not yet to junk.
|
|
Data from the European Banking Authority's 2015 transparency exercise, which represents 70% of EU banking system assets, showed that EU banks had EUR443trn sovereign exposures of which 65% was to the 'home' sovereign at end-1H15.
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|
Practically speaking, the exchange rates for sovereign currencies would be determined by reference to Libra, and the fluctuations in the value of Libra would be increasingly perceived as fluctuations in the value of the sovereign currencies.
|
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"The capital charges related to sovereign exposures on banks' balance sheets are linked to the sovereign ratings, so any change in those ratings will have an impact," said Suha Urgan, a banking analyst at S&P.
|
|
It does not disclose the size of its overall portfolio, but according to the Sovereign Wealth Fund Institute, ADIA manages around $700 billion in assets, ranking it behind the Norwegian sovereign fund and China Investment Corp.
|
|
BI's holdings of sovereign bonds increased by 7.12 trillion rupiah ($512.78 million) in two trading days to Monday, while foreigners sold a net 3.18 trillion rupiah in the sovereign bond market, according to Indonesia's finance ministry.
|
|
The VRs of ICICI Bank and Axis Bank may also move down if the sovereign is downgraded as it is not common to have bank VRs above the sovereign rating due to operating environment-related risks.
|
|
"If the decision is upheld, not only would the sovereign face a downgrade, but it would also be known publicly that it failed in its appeal," said S&P's former head of sovereign ratings Moritz Kraemer.
|
|
Sofaz assets and the large net external creditor position of the sovereign and non-bank private sector mean Azerbaijan's external balance sheet is stronger than 'BB' category medians and a critical support to the sovereign rating.
|
|
Ukraine, which has separately reached an agreement with private creditors to restructure its sovereign and sovereign-guaranteed debt, insists the Eurobond is commercial debt and that it cannot offer Russia a better deal than other creditors.
|
|
"We expected banks to issue after the Saudi sovereign bond, as that's a typical trajectory in the development of debt markets: sovereign, banks and then corporates," said Usman Ahmed, head of investments at Emirates NBD Asset Management.
|
|
Although sukuk are a common funding tool across the Middle East and Southeast Asia, with sovereign and quasi-sovereign issues representing around two-thirds of total sales, supply is irregular, in particular for U.S. dollar-denominated deals.
|
|
Ukraine, which separately reached an agreement with private creditors to restructure its sovereign and sovereign-guaranteed debt, insisted that the Eurobond was commercial debt and that it could not offer Russia a better deal than other creditors.
|
|
Russian sovereign dollar bond spreads also narrowed to 94.8313 bps from a high of 94.8303 bps on Tuesday, after U.S. Treasury Secretary Steven Mnuchin said he stood by a January report advising against sanctioning Russian sovereign debt.
|
|
LONDON, Aug 20 (Reuters) - Turkish sovereign dollar bonds fell across the curve on Monday and the cost of insuring exposure to Turkish debt rose after sovereign credit ratings downgrades by Moody's and S&P Global on Friday.
|
|
Oman Investment Fund, which was established in 2006 and manages about an estimated $6 billion, is the country's second major sovereign fund after State General Reserve Fund, which according to Sovereign Wealth Fund Institute manages $18 billion.
|
|
This is reflected in the sovereign constraint on Reale Mutua's ratings at 'BBB+', one notch above the sovereign rating, in recognition of Reale Mutua's strong credit profile and international diversification (with 25% of net premiums from Spain).
|
|
The estimated capital cost will be funded by a temporary uplift in the Sovereign Grant from 15% to 25% of Crown Estate net income, as recommended by the Royal Trustees in their Review of the Sovereign Grant.
|
|
The Negative Outlook now mirrors that on the sovereign, meaning that the SRFs of SHB, SAIB, Alinma and BAJ will be revised to 'BBB+' in the event of a downgrade by one notch of the Saudi sovereign.
|
|
Changes to the ESM treaty are intended to reduce the risk of investors holding out for a better deal in a sovereign debt restructuring and give the bailout fund room to mediate between the sovereign and investors.
|
|
SOVEREIGN DEBT PROXY Italian banks - which are struggling with bad loans, a sluggish economy and political instability - have traditionally been seen as a proxy for the country's sovereign debt because they hold vast amounts of government bonds.
|
|
The assembly, officials say, will assume sovereign power—and sack Ms Ortega.
|
|
Green-bonds issuers now range from banks and companies to sovereign states.
|
|
It retained the country's sovereign rating at BBB- with a stable outlook.
|
|
MTN will not be rated higher than the South African sovereign rating.
|
|
Sovereign capital managers in Zurich and Geneva are taking profits, O'Leary said.
|
|
For a graphic on Sovereign funds diversify into renewable energy, see - tmsnrt.
|
|
For his "Sovereign" monoprints, Heap of Birds takes on Native American casinos.
|
|
"Sovereign nations can do more than the lowest common denominator," Gardiner said.
|
|
Efforts to contact the sovereign wealth fund known as QIA were unsuccessful.
|
|
BNDES's SRF is affirmed at 'BB' and aligned with the sovereign rating.
|
|
To view a graphic on Italy corporate v sovereign yields, click: reut.
|
|
Over himself, over his own body and mind, the individual is sovereign.
|
|
Its investors include France's Eurazeo and Singapore's sovereign wealth fund Temasek. Dealroom.
|
|
At the moment, only DBRS grades Portuguese sovereign debt above the threshold.
|
|
Puerto Rico is a territory, she said, meaning it is not sovereign.
|
|
Major sovereign bond yields are expected to rise only modestly next year.
|
|
None of these can be dealt with by a sovereign state alone.
|
|
The Stable Outlook for K&H reflects that for the Hungarian sovereign.
|
|
But it does not have the formal lawmaking authority of sovereign states.
|
|
REC's ratings are equalised with those of the Indian sovereign (BBB-/Stable).
|
|
Russia has reportedly spent about $300 million on its sovereign internet plan.
|
|
Recapitalization of the central bank remains a contingent liability for the sovereign.
|
|
F: We are talking to a few sovereign wealth funds or institutions.
|
|
U.S. sovereign bonds fell Monday after of a swathe of economic data.
|
|
FCC leaders also held discussions with the sovereign council, the sources added.
|
|
Yields on South Africa's sovereign dollar bonds rose across the curve. ZAR3.533=.
|
|
THE WORLD's largest sovereign-wealth fund is now a little bit smaller.
|
|
The week will be a heavy one for U.S. sovereign bond issuance.
|
|
The Negative Outlook on RosCap's IDR reflects that on the Russian sovereign.
|
|
This compared with $9.1 trillion of negative-yielding sovereign debt on Dec.
|
|
A downgrade of the sovereign rating would be reflected in LP's ratings.
|
|
Washington has also put curbs on trading in the country's sovereign debt.
|
|
" He added, "Words matter, especially when they're from leaders of sovereign nations.
|
|
That triggered a currency collapse and a default on Mozambique's sovereign debt.
|
|
Musk had claimed that Saudi Arabia's sovereign wealth fund had offered funding.
|
|
Markets braced themselves for one of history's most complex sovereign-debt renegotiations.
|
|
More than $11 trillion in global sovereign debt currently carries negative yields.
|
|
Which is to leave in place a sovereign equipped for her duty.
|
|
The sovereign is rated Ba3 by Moody's and B+ by Standard & Poor's.
|
|
That would risk damaging Mexico's sovereign-bond ratings, scaring away foreign capital.
|
|
So a sovereign-debt crisis could fast turn into a banking one.
|
|
ASTANA (Reuters) - Kazakhstan's sovereign wealth fund has offered Royal Dutch Shell (RDSa.
|
|
Our Founders recognized that in our country, the people are the sovereign.
|
|
Speculative, or junk, ratings raise borrowing costs on sovereign and corporate issuers.
|
|
MTN's rating and Outlook is constrained by the South African sovereign rating.
|
|
But demand for America's sovereign bonds is set to wane, Fink warned.
|
|
Commercial aircraft, precious metals, carpet exports, industrial software, cars and sovereign debt.
|
|
S&P on Thursday lowered China's sovereign rating to A+ from AA-.
|
|
Norway's $950-billion sovereign wealth fund, the world's largest, has ethical ambitions.
|
|
Jordan is also known by his trail name of "Sovereign," WSET reported.
|
|
Chile's local market is well positioned to support higher sovereign borrowing needs.
|
|
More than a dozen rich-country sovereign bonds now have negative yields.
|
|
The primary election count depressed the local peso and sovereign bond prices.
|
|
Argentina defaulted on roughly $100 billion in sovereign debt in early 2002.
|
|
Berlusconi ignominiously resigned from power in 2011 during a sovereign debt crisis.
|
|
The VR is constrained by the South African sovereign rating of 'BB+'.
|
|
The former would be indicated by a change in the sovereign rating.
|
|
This could encourage more trading in Venezuela sovereign debt, said one investor.
|
|
In most cases, upgrades would require an upgrade of the sovereign rating.
|
|
Naengmyeon—a.k.a. cold noodles—is the undisputed sovereign of summertime Korean food.
|
|
The sovereign initially marketed the notes at 60bp area over mid-swaps.
|
|
John Penrose — The finance veteran who wants a UK sovereign wealth fund
|
|
The sovereign is marketing the transaction at 235bp area over mid-swaps.
|
|
To do so, she needs authorization from Britain's parliament, which is sovereign.
|
|
But some sovereign wealth funds have sold index holdings to raise cash.
|
|
The plan for a new sovereign fund is part of this drive.
|
|
Rocket Lab last raised $140 million, led by Australia's sovereign wealth fund.
|
|
GLP is currently 37 percent owned by Singapore sovereign wealth fund GIC.
|
|
Part of that institution is the Privy Council, which advises the sovereign.
|
|
Bloomberg said the investment would come from Saudi Arabia's sovereign wealth fund.
|
|
Any movement in the sovereign ratings would be reflected in SMI's ratings.
|
|
Conversely, Milan's ratings would be downgraded if the sovereign rating is downgraded.
|
|
What do you see for the future of sovereign nations and cannabis?
|
|
Fitch will announce its decision on Italy sovereign debt rating on Friday.
|
|
Do you buy into that idea that governments are less sovereign today?
|
|
However, if the sovereign is downgraded then the banks will get crushed.
|
|
There are over 560 sovereign Indian nations and thousands of individual jurisdictions.
|
|
Our next scheduled review of France's sovereign rating is on 28 July.
|
|
Today, lenders are left with little recourse when sovereign debtors go bust.
|
|
The Negative Outlook reflects Dai-ichi Life's exposure to Japan sovereign risk.
|
|
It also substantially led to the largest sovereign debt default on record.
|
|
Not all sovereign wealth funds and other emerging buyers will be successful.
|
|
Native American groups argued the pipeline would cut across their sovereign lands.
|
|
Potential market losses would be greatest for holders of European sovereign bonds.
|
|
Soon after, credit-rating agencies downgraded South Africa's sovereign debt to junk.
|
|
Malaysia's 10-year sovereign bond was yielding around 3.57 percent on Tuesday.
|
|
BdB's SRF is affirmed at 'BB' and aligned with the sovereign rating.
|
|
And we need a confident and sovereign defense of our liberal values.
|
|
In addition, AsDB benefits from preferred creditor status on its sovereign loans.
|
|
PEFCO's IDRs are also currently highly sensitive to the U.S. sovereign rating.
|
|
Stronger explicit support could lead to ratings being aligned with the sovereign.
|
|
This compared with $9.3 trillion of negative-yielding sovereign debt on Nov.
|
|
Turkey's five-year sovereign credit default swap rates were 574bp on Tuesday.
|
|
The agency downgraded Turkey's sovereign rating deeper into "junk" status on Aug.
|
|
Sovereign states have dissolved into centenals — aggregations of 100,000 like-minded souls.
|
|
Nations that have significant natural resources often establish a sovereign wealth fund.
|
|
Can other countries really "seize" territory that had not been sovereign before?
|
|
One frontier sovereign, Ethiopia, has high vulnerability and eight have moderate vulnerability.
|
|
These LPs are often institutions like pensions, endowments, or sovereign wealth funds.
|
|
We downgraded Brazil's sovereign rating to 'BB' with Negative Outlook in May.
|
|
"Every sovereign nation has the right to protect its borders," Bell said.
|
|
Do you really believe that China has our sovereign interest at heart?
|
|
The Sovereign Wealth Fund Institute puts the figure closer to $320 billion.
|
|
"Sovereign debt sustainability concerns have come to the forefront," the ECB said.
|
|
Scotland, after all, had full representation in Westminster, where Parliament is sovereign.
|
|
A (IFS BBB/Stable) are not affected by the Italian sovereign downgrade.
|
|
Generali's ratings will also be downgraded if Italy's sovereign rating is downgraded.
|
|
The government says it welcomes investors but retains sovereign control of projects.
|
|
RATING SENSITIVITIES The rating of Istanbul is at the sovereign rating level.
|
|
In the end, the sovereign launched a US$211bn offering at 28%.
|
|
And nowadays, watching sovereign-citizen traffic-stop videos is like, a thing.
|
|
Therefore, Santa Fe is rated at the same level as the sovereign.
|
|
These actions were driven by a change in Fitch's sovereign rating criteria.
|
|
As a result, today's rating action follows the downgrade of the sovereign.
|
|
Norway's $950 billion sovereign wealth fund, the world's largest, has ethical ambitions.
|
|
Some investors expect yields to gradually widen to match the sovereign rate.
|
|
It transferred its stakes in several firms to its sovereign wealth fund.
|
|
Data in the PRC are considered critical national infrastructure and thus sovereign.
|
|
EVEN TODAY, $11 TRILLION OF SOVEREIGN DEBT HAS A NEGATIVE INTEREST RATE.
|
|
It is currently owned by Malaysian sovereign wealth fund Khazanah Nasional Bhd.
|
|
The inviolability of sovereign European borders should not be among the wreckage.
|
|
A new "sovereign internet" law came into force in Russia on Friday.
|
|
The Negative Outlook for these four banks mirrors that of the sovereign.
|
|
Several other countries are examining the possibility of a sovereign-backed currency.
|
|
It also led to a massive sell-off in U.S. sovereign bonds.
|
|
"We don't recognize their authority on our sovereign lands," Mr. Polite said.
|
|
Our dearly beloved sovereign went mad yesterday, and so we need another.
|
|
Yet is God not sovereign over all the nations, including our own?
|
|
China's leaders still prefer to view the Internet as a sovereign project.
|
|
And sovereign wealth funds have cut investment in Britain ahead of Brexit.
|
|
Exactly how much sovereign wealth funds invest and with whom remain undisclosed.
|
|
Moody's has called the CICIG's exit negative for Guatemala's sovereign credit rating.
|
|
"Having a framework based on sovereign activities doesn't make sense," says Hanlon.
|
|
NO ASSET SHOULD be sleepier than the sovereign bonds of rich countries.
|
|
In his speech, he used the word "sovereign" or "sovereignty" 21 times.
|
|
A Sabic deal could put billions in the Saudi sovereign fund's coffers.
|
|
"We respect your sovereign decision to order our departure," the general wrote.
|
|
That burden prompted Moody's to downgrade China's sovereign debt rating last month.
|
|
This probability is limited by Guatemala's sovereign rating of 'BB'/Outlook Stable.
|
|
That makes it "the worlds first sovereign gold digital token," it said.
|
|
British taxpayers give to the "Sovereign Grant" which goes to the royals.
|
|
The Negative Outlook on the IDRs reflects that on the sovereign rating.
|
|
For 2016 to 0003, the Sovereign Grant was £42.8 million ($58 million).
|
|
While most countries have only one sovereign wealth fund, China has four.
|
|
Dominica is a sovereign island with a population of about 72,500 people.
|
|
TMB's Support Rating and Support Rating Floor are based on sovereign support.
|
|
The country stopped paying its debts in the world's largest sovereign default.
|
|
The Sovereign Wealth Fund Institute puts the figure closer to $13 billion.
|
|
Some funds, particularly sovereign wealth funds, could own the company, Smith said.
|
|
They operated outside the Articles, under sovereign powers reserved to the states.
|
|
The Saudi sovereign wealth fund did not respond to requests for comment.
|
|
"We respect your sovereign decision to order our departure," the letter concluded.
|
|
Vindman, that's not the case for the leader of a sovereign nation.
|
|
Saudi Arabia's sovereign wealth fund also owns a direct stake of 5.3%.
|
|
Sovereign debt prices fell on the news Tuesday and risk spreads widened.
|
|
Sovereign wealth funds from Asia and the Middle East manage investments here.
|
|
That's what sovereign leaders are hired to do, brought onboard to do.
|
|
In the early days of sovereign wealth funds, they were relatively modest.
|
|
On March 1.0.71, there were $21 trillion of negative-yielding sovereign debt.
|
|
The Stable Outlook on K&H reflects that for the Hungarian sovereign.
|
|
A downgrade of the sovereign would also be reflected in Bretagne's ratings.
|
|
Fitch also lowered Venezuela's sovereign rating to CC from CCC on Thursday.
|
|
Again, the company argued that its sovereign nation owner should be immune.
|
|
Qatar and Norway's sovereign wealth funds also each hold over two percent.
|
|
America is $85033 trillion in debt and approaching a sovereign debt crisis.
|
|
The sovereign is rated B1 by Moody's and BB- by S&P.
|
|
He stressed Qatar's sovereign right to independently decide on its defense procurements.
|
|
Treasury yields also dropped in line with those on global sovereign bonds.
|
|
Under EU rules, the agreements need to be agreed with sovereign states.
|
|
BEIJING — China's sovereign wealth fund is looking at big bets in America.
|
|
Canada needed to "set our own clear and sovereign course," she said.
|
|
Sovereign bonds are typically viewed — like gold — as a safe-haven investment.
|
|
"We respect your sovereign decision to order our departure," the letter says.
|
|
You don't even have to buy into sovereign dogma to get swindled.
|
|
OPIC, unlike sovereign wealth funds, is not primarily concerned with making money.
|
|
On Friday, Moody's and S&P Global lowered their sovereign credit ratings.
|
|
Treasury bond yields dropped as investors sought safety in sovereign U.S. debt.
|
|
The new firm's assets will total about $125 billion, based on valuations at the end of 2015, make it the world's 14th largest sovereign fund, according to data from the Sovereign Wealth Fund Institute, which tracks the industry.
|
|
Meanwhile, China's slowdown will likely have a minimal impact on the Australian sovereign debt market because of the limited ownership of Australian Treasuries by China, Marie Diron, senior vice president for Sovereign Rating Group at Moody's, told CNBC.
|
|
Other factors behind the shifting assets in portfolios include the possibility that European regulators will remove the S2033 zero risk-weighting on sovereign debt and the potential for increased regulatory scrutiny of the risk of concentrated sovereign exposures.
|
|
In May 23530 we took rating actions following a review of sovereign support to reflect our view that legislative, regulatory and policy initiatives had substantially reduced the likelihood of sovereign support for US, Swiss and EU commercial banks.
|
|
Lisa Schineller, the credit rating agency's head of Latin American sovereign ratings, said at an event in Mexico City that the government's prudent fiscal policy positions have already been incorporated into its sovereign credit rating for the country.
|
|
The Long-Term IDRs of both entities stand at 'BBB' and are capped at two notches above that of the Portuguese sovereign (BB+/Stable), in line with the limitations on notching banks above the sovereign, as per Fitch's criteria.
|
|
Ryan Bundy seems to have adopted some of the ideas associated with sovereign citizens, an extremist ideology that holds people who reside in the United States can declare themselves "sovereign" and thus not bound by federal laws or agencies.
|
|
In a turnaround of a trend noted the previous year, sovereign wealth funds' direct investment in unlisted firms rose by 17 percent to 147 in 2018, according to the 2018 International Forum of Sovereign Wealth Funds (IFSWF) Annual Report.
|
|
Ping An Healthcare was close to securing cornerstone investors for its IPO, including Singapore's sovereign wealth fund GIC, Malaysia's sovereign wealth fund Khazanah Nasional, and U.S. asset manager BlackRock, Reuters' publication IFR reported, citing people familiar with the situation.
|
|
SOVEREIGN RATING MODEL (SRM) and QUALITATIVE OVERLAY (QO) As per its published sovereign criteria, for ratings of 'CCC' and below, Fitch has not utilised the SRM and QO to explain the ratings, which are instead guided by rating definitions.
|
|
The Bahrain sovereign fund is smaller in size than large state funds such as Abu Dhabi Investment Authority, which manages $828 billion, and Qatar Investment Authority which holds $342 billion in assets, according to the Sovereign Wealth Fund Institute.
|
|
The move could indicate sovereign funds were taking a pause from the start-up sector in the wake of office-sharing firm WeWork' aborted listing and Uber's underwhelming IPO, the centre's director of sovereign wealth research Javier Capape said.
|
|
Greek banks have had a cap on Greek sovereign holdings since 13, following a sovereign debt crisis which forced the country into three bailouts totalling 288 billion euros ($312 billion) between 2010 and 2015, the largest in modern history.
|
|
Or they could be forced to back their holdings of risky sovereign debt with extra capital by increasing the risk score—known as the risk weight—attached to some sovereign bonds, which all regulators now treat as risk-free.
|
|
Although the sovereign is not subject to US or EU sanctions, international banks have been wary of working on a bond deal, after deciding the reputational risks of participating in a sovereign transaction outweighed the potential boost to business.
|
|
Planned changes to the ESM treaty are to reduce the risk of investors holding out for a better deal in a potential sovereign debt restructuring and give the bailout fund the possibility to mediate between the sovereign and investors.
|
|
But I must hold on to the fact that our Lord is sovereign.
|
|
The top Greek shares index rallied in early deals as sovereign yields fell.
|
|
Think emerging markets two decades ago or sovereign wealth fund coverage more recently.
|
|
This has not stopped Iceland's sovereign creditworthiness improving since the 2008 financial crisis.
|
|
Within the European Union we are all sovereign because we all can leave.
|
|
As such, its near-term impact on sovereign debt ratios will be negative.
|
|
As stated in Fitch's rating criteria, banks are rarely rated above the sovereign.
|
|
Saudi Arabia, via its own sovereign wealth pot, is the fund's biggest contributor.
|
|
Furthermore, says Bruno Le Maire, France's finance minister, tax is a "sovereign matter".
|
|
Noble already has the backing of Chinese sovereign wealth fund China Investment Corp.
|
|
SCBTL's National Ratings are also sensitive to a change in Taiwan's sovereign ratings.
|
|
Significant contingent liabilities for the sovereign continue to emanate from public sector banks.
|
|
Right now, sovereign debt is priced with an implicit backstop from the ECB.
|
|
The sovereign is currently on the road for a planned US dollar sukuk.
|
|
The net value of CDS on Venezuela's sovereign bonds is about $1.3 billion.
|
|
Pro Re's IFS rating could be upgraded if Venezuela's sovereign rating was upgraded.
|
|
Rocket Lab announced a $13 million round, led by Australia's sovereign wealth fund.
|
|
The sovereign launched US$2bn October 2028 notes at a yield of 4.3%.
|
|
The sovereign is seeking to raise up to US$600m through the tap.
|
|
It has welcomed Germany back as a sovereign nation and a European power.
|
|
RATING SENSITIVITIES The notes' rating is sensitive to changes in Austria's sovereign rating.
|
|
Italian sovereign yields have risen as the country seems closer to snap elections.
|
|
Sovereign citizens believe some laws or government proceedings do not apply to them.
|
|
The company's rating is capped by the sovereign rating of Russia (BBB-/Stable).
|
|
That would make them roughly the same size as Italy's sovereign debt market.
|
|
Sovereign-wealth funds are willing to tie up capital in new, unlisted ventures.
|
|
Today's actions on selected FIs are exclusively driven by the Sovereign Outlook revision.
|
|
RATING SENSITIVITIES Changes to France's sovereign rating would be mirrored in AFD's ratings.
|
|
In America the people govern, the people rule and the people are sovereign.
|
|
They respect neither their own citizens, nor the sovereign rights of their countries.
|
|
Earlier this year, Moody's revised its sovereign rating outlook to stable from positive.
|
|
A new currency with five fewer zeros, the sovereign bolívar, has replaced it.
|
|
No sooner had the sovereign bolívar appeared than its value began to slip.
|
|
Doesn't matter: When it comes to spending their money, the consumer is sovereign.
|
|
Markets had been pricing in the risk of a sovereign credit rating downgrade.
|
|
Yields on U.S. sovereign bonds went higher with expectations of a rate hike.
|
|
The state responded with a motion to dismiss, claiming protection under sovereign immunity.
|
|
This result, Puigdemont said, had created a mandate to establish a sovereign republic.
|
|
The sovereign never offers a prime minister refreshment, he explains, nor a chair.
|
|
Only seven sovereign nations own more physical gold than the U.S. gold ETFs.
|
|
By comparison, the sovereign wealth funds of the world hold about $6.3 trillion.
|
|
A Russian sovereign wealth fund is considering buying shares in the Aramco listing.
|
|
Greece, Portugal and Spain introduced similar reforms—but only after sovereign-debt crises.
|
|
The cost of Indonesian sovereign five-year CDS was flat at 88bp mid.
|
|
Fitch Ratings is expected to report on the sovereign later in the day.
|
|
Long-term investors, including sovereign funds, took about 80 percent of the allocation.
|
|
If we were a sovereign republic we'd own our own ports and airspace.
|
|
Ratings agency Fitch is due to announce a decision on Russia's sovereign debt.
|
|
Governments also use sovereign wealth funds to invest excess revenues from natural resources.
|
|
It's unlikely that any European countries will recognize Catalonia as a sovereign state.
|
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Civil and criminal proceedings cannot be taken against the sovereign under British law.
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The sovereign is not legally liable for income, capital-gains or inheritance tax.
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All of these factors would have damaged our assessment of U.S. sovereign creditworthiness.
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The more minor the royal, the smaller the subsidy from the Sovereign Fund.
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North Korea says it has a sovereign right to pursue a space program.
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Nearly one quarter were followed by a sovereign rating downgrade in two years.
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The economy continues to slump; bringing the real risk of a sovereign default.
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The sovereign is rated B3 stable by Moody's and B stable by Fitch.
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Some argued the waiver of Saudi Arabia's sovereign immunity would violate international law.
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Others save capital inflows in sovereign-wealth funds to avoid distorting their economies.
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The 2025 sovereign bond showed at around 31.5 cents, according to Refinitiv data.
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Failure to meet the target could hit Japan's sovereign credit ratings, he added.
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That, more or less, is what happened in the zone's sovereign-debt crisis.
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Anastasiades said his government had prepared legislation to create a sovereign hydrocarbons fund.
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RATING SENSITIVITIES Marche's ratings would be downgraded if the sovereign rating is downgraded.
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Both leaders agreed on the "inadmissibility" of US action against a sovereign state.
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Another one is Yiqizuoye, which counts Singapore sovereign fund Temasek as an investor.
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The other large item on BFA's balance sheet is Spanish sovereign bond holdings.
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Japan has a local currency sovereign rating of 'A' with a Negative Outlook.
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Under International Law naval warships and associated artefacts enjoy protection through Sovereign Immunity.
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A large proportion of all rich-country sovereign bonds now have negative yields.
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U.S. sovereign bonds prices were lower Monday as investors digested whipsawing oil prices.
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The British government said Britain would always defend its sovereign interests in Gibraltar.
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China's four sovereign-wealth funds have $1.5 trillion-worth of assets between them.
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A downgrade of the sovereign could lead to a downgrade of IUH's ratings.
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The bulk of the 21 sovereign ratings in emerging Europe have Stable Outlooks.
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Unipol's ratings are likely to be downgraded if Italy's sovereign rating is downgraded.
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Naturally, Russia has this sovereign right (to deploy weapons on its own territory).
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Kuwait's sovereign wealth fund owned about 6.8 percent of Daimler's shares as Sept.
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Germany is the main supporter of plans to reduce exposure to sovereign debt.
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And third, does it call for the creation of a sovereign Palestinian state?
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This would most likely be triggered by a change in Morocco's sovereign rating.
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"Last night, Iran tried to attack Israeli sovereign territory and failed," he said.
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He heads a sovereign state -- Vatican City -- and meets regularly with world powers.
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We are also expecting the French and German sovereign spread to tighten up.
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It also highlighted the risks associated with sovereign-controlled companies, including government interference.
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China considers Taiwan to be a breakaway province subject to its sovereign jurisdiction.
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As such it is unlikely to receive external support from the Brazilian sovereign.
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NORWAY FINANCE MINISTRY TO APPOINT COMMITTEE TO REVIEW SOVEREIGN WEALTH FUND'S ETHICAL GUIDELINES
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The "points system" is a product of this technocratic sidestepping of sovereign concerns.
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Sometimes violent incidents erupt from routine encounters between sovereign citizens and law enforcement.
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In 2011 Standard & Poor's downgraded America's sovereign-debt rating for the first time.
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But major sovereign bond yields fell during the first quarter of this year.
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Buyers of the bond launched last month included sovereign wealth funds, they said.
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Singapore's sovereign fund GIC and Philippine conglomerate Ayala Corp own stakes in BPI.
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I hope this is the first step towards a Europe of sovereign nations.
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Catalonia cannot become a sovereign state if no other country recognises its independence.
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The sovereign started taking indications of interest at mid-20s over mid-swaps.
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Claire McCaskill, introducing legislation seeking to abrogate tribal sovereign immunity in this context.
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Foy's sovereign was tremulous and wavering, tossed from one crisis to the next.
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The firm suggests adding to emerging-market sovereign credit and Japanese government bonds.
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The tribunal also said that China's claims had violated the Philippines' sovereign rights.
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A sustainable return to market funding would be positive for Greece's sovereign creditworthiness.
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It considers hydrocarbons a sovereign competency of the internationally recognized government it leads.
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The Sovereign must be militarily correct and yet there is this feminizing input.
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The sovereign is rated Ba1 (negative) by Moody's and BB+ (stable) by Fitch.
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Portugal has been in financial trouble since the sovereign debt crisis of 22017.
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Native American tribes are distinct political entities, sovereign nations in their own right.
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The composition of the investor base of sovereign bond markets is very important.
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NORWAY'S SOVEREIGN WEALTH FUND SAYS Q3 OUTFLOW FROM FUND WAS NOK 5 BLN
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This stemmed partly from pressure from investors such as Norway's sovereign-wealth fund.
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Stealing the national resources of another sovereign country is effectively a war crime.
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In any event, Article 9 revision would not immediately affect the sovereign ratings.
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By so doing, they might spare Italy from yet another sovereign debt crisis.
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Norway's sovereign wealth fund holds stakes in almost 9,000 companies in 77 countries.
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The Stable Outlooks on all banks mirrors the Outlook on the Qatari sovereign.
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China is the notable exception, with sovereign debt exceeding 200 percent of GDP.
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Tribal governments enjoy the sovereign power to prosecute crimes committed within their borders.
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The parents' IDRs are driven by support from the China sovereign (A+/Stable).
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Positive or negative rating action could result from similar action on the sovereign.
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"A sacred respect is due to the person of the sovereign," he claimed.
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Chile has two sovereign wealth funds, currently valued at a combined $26.7 billion.
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America's government and military leaders don't, however, think of cyberspace as sovereign territory.
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Native American groups argued that the pipeline would run across sovereign, sacred lands.
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That same year, he won the Sovereign Foundation Asian Art Prize's $25,000 purse.
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" He added: "We are doing it as a sovereign nation, the right way.
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Native American groups have argued the pipeline would cut across their sovereign lands.
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