[ad_1] Swedish lender Svenska Handelsbanken AB has been crowned the safest commercial bank in Europe. Short sellers seem to think otherwise. Handelsbanken is the second most-shorted bank in the Bloomberg…
Tag: Credit rating
Sweden’s SBB Weighs Sale of Company as Part of Strategic Review
[ad_1] The embattled company at the center of Sweden’s property crisis is considering breaking itself up after its shares collapsed amid mounting concerns over the firm’s $8 billion debt pile.…
France Dodges an S&P Downgrade, Outlook Remains Negative
[ad_1] France’s credit rating was affirmed by S&P Global Ratings in a reprieve for President Emmanuel Macron as he seeks to cement his reputation for economic reform and fiscal proficiency.…
South Africa Central Bank Says Domestic Bond Concentration Risky
[ad_1] The increasing concentration of South African government bonds in the hands of domestic investors, coupled with high levels of state debt, present a risk to the financial industry, the…
Swedish Landlord SBB Cut Further Into Junk Territory by Fitch
[ad_1] Struggling Swedish landlord SBB has received yet another credit rating downgrade in a move that will exacerbate the company’s challenge of refinancing about $1.3 billion of bond debt between…
Sweden’s Real Estate Crisis Threatens Its Biggest Pension Fund
[ad_1] Sweden’s biggest pension fund parted ways with chairwoman Ingrid Bonde this week, six months after Alecta incurred $2 billion in losses from three failed bets tied to the collapse…
Germany Pressures Siemens to Support Troubled Wind-Turbine Maker
[ad_1] German Chancellor Olaf Scholz ratcheted up pressure on Siemens Energy AG’s biggest shareholder Siemens AG to help shore up the troubled wind-turbine maker’s finances as part of a joint…
The Face of Sweden’s Property Bust Fights for $13 Billion Empire
[ad_1] A Yugoslav war refugee turned Swedish property tycoon is fast running out of options to stabilize his $13 billion empire, and the outcome will have ripple effects across Europe’s…
FTSE 100 Live: Blue-chip index down 100 points after Fitch US downgrade, oil price up
[ad_1] S tock market sentiment has taken a hammering after Fitch removed its top-notch rating on US debt. The agency’s downgrade to AA+ in the wake of Washington’s latest debt…
Finance Ministry Officials Meet Moody’s, Push For Credit Rating Upgrade: Report
[ad_1] Officials from the Finance Ministry, led by Chief Economic Adviser V Anantha Nageswaran, on Friday, met with credit rating agency Moody’s Investors Service in New Delhi to push for…