Setelah S&P, sekarang gantian Fitch yang downgrade, emang kayaknya band news-nya dikeluarin pelan2 ya dimasa bearish ini. Kalau dari kacamata monthly news, saya penasaran kenapa ngga sekalian saja keluarin news Yunani, Spain, dan Italy *Default* pas Dow lagi rally beberapa bulan yang lalu? Biar ambruknya cepet, mentalnya juga cepet...
Atau kalau mau dilihat secara daily news, Kenapa sih Fitch berita downgrade rating ngga dikeluarin pas Dow dan Eropa ijo tebel 2-3 hari lalu? Kenapa timing beritanya dikeluarin setelah 2-3 hari ijo lalu keluarin news downgrade? Nanti kalo sudah 2-3 hari merah tebel kira-kira good newsnya apa ya buat tarik nafas dikit dimasa bearish ini? Mohon bimbingan senior disini. Salam, Dimas 2011/10/8 Bagya <[email protected]> > > Oct. 8 (Bloomberg) -- Fitch Ratings downgraded Italy and Spain on concern > they will struggle to improve their finances as Europe’s debt crisis > intensifies, while Moody’s Investors Service put Belgium on review for a > possible cut. > > Spain had its foreign and local currency long-term issuer default ratings > cut to AA- from AA+, while Italy had the same set of ratings lowered to A+ > from AA-, Fitch said in statements yesterday. The outlook for both countries > is negative. Fitch also maintained Portugal’s rating at BBB-, saying it > would complete a review of that ranking in the fourth quarter. > > Belgium’s Aa1 local- and foreign-currency ratings were placed under review > for a downgrade by Moody’s because of rising funding risks for euro region > nations with high levels of debt and additional bank support measures which > are likely to be needed. > > The downgrades for Spain and Italy reflect “the intensification of the > euro zone crisis,” Fitch said, citing risks to Spain’s > “fiscal-consolidation” efforts. “A credible and comprehensive solution to > the crisis is politically and technically complex and will take time to put > in place and to earn the trust of investors,” Fitch said of Spain. > > Italy and Spain, the third- and fourth-largest economies respectively in > the 17-nation euro area, are scrambling to avoid the fallout from the debt > crisis as Greece moves closer to default. Borrowing costs for both nations > surged to euro-era record highs in August, prompting the European Central > Bank to prop up their bonds on the secondary market. > > International Credibility > > “There are two things Italy needs to do. One is to work on reacquiring a > sufficient level of international credibility to maintain its financial > house in order,” Fiat SpA Chief Executive Officer Sergio Marchionne said > after a speech in Montreal yesterday. “The other thing that you need is to > increase the purchasing capability of the Italian public.” > > Fitch’s cut of Italy was its first since October 2006. It follows > downgrades of Italy by Moody’s on Oct. 4 and Standard & Poor’s on Sept. 19, > which both cited concerns that the country’s weak economic growth means it > will struggle to reduce Europe’s second-largest debt, at about 120 percent > of gross domestic product. > > Spain’s rating, which was AAA until 2010, has now been lowered twice by > Fitch as the deepest austerity measures in three decades fail to convince > investors the nation can stem the surge in its debt burden. Moody’s also > warned “all but the strongest euro-area sovereigns” are likely to see > further downgrades, when it cut Italy’s rating for the first time in almost > two decades. > > Spanish Growth > > Fitch said it expects Spanish growth to remain below 2 percent a year > through 2015. Still, the nation’s debt burden will peak at 72 percent of GDP > in 2013, below the forecast for the euro area on average, the company said. > > Italy gave final approval last month to a 54 billion-euro ($72 billion) > austerity plan aimed at balancing the budget in 2013 that convinced the ECB > to start buying the nation’s and Spanish bonds on Aug. 8. Italy’s 10-year > borrowing costs, which fell as low as 4.87 percent on Aug. 18, were at 5.52 > percent yesterday. Spain’s 10-year bond yield was at 4.99 percent. > > “The crisis has adversely impacted financial stability and growth > prospects across the region,” Fitch said. “However, the high level of public > debt and fiscal financing requirement along with the low rate of potential > growth rendered Italy especially vulnerable to such an external shock.” > > U.S. Rating > > The decision also comes after Standard & Poor’s stripped the U.S. of its > AAA credit rating for the first time. While the Aug. 5 move roiled global > markets, bond investors ignored S&P’s warnings about U.S. creditworthiness > and piled into Treasuries. The yield on the benchmark U.S. government bond > fell to a record 1.6714 on Sept. 23. > > Spain’s Socialist government, which faces a general election on Nov. 20, > has said the country may miss its 2011 growth forecast of 1.3 percent as the > recovery slows. Unemployment remains above 21 percent and the manufacturing > industry contracted the most in more than two years in September. Regional > governments, which are responsible for health and education and hire half of > Spain’s public workers, are behind schedule to meet their deficit targets, > preliminary data showed on Sept. 8. > > The People’s Party, which polls indicate may win an outright majority in > the vote, has pledged a stricter budget law, spending limits for the > regional governments, and tax breaks to encourage companies to hire workers > and become more competitive. PP leader Mariano Rajoy said on Sept. 15 he > would send a “strong signal” to markets and wouldn’t deviate from the > budget-deficit goal of 4.4 percent of gross domestic product in 2012 “under > any circumstances.” > > To contact the reporter on this story: Lorenzo Totaro in Rome at > [email protected] > > To contact the editor responsible for this story: Craig Stirling at > [email protected] > > === > Sent from Bloomberg for Blackberry. Download it from the Blackberry App > World! > Thanks, > Bagya > Powered by Telkomsel BlackBerry® > > ------------------------------------ > > Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. > > SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN > MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL > EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK > INVESTASI ATAU PEMILIK MODAL. > > [email protected] untuk berhenti dari milis saham > [email protected] untuk bergabung ke milis saham > Yahoo! Groups Links > > > >
