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The credit rating of Bulgaria improves in comparative perspective
added on 14.01.2012 in category Political stability
The big news from yesterday, Friday, January 13, 2012 is the reduction of the credit rating of 9 Eurozone members, among which France and Austria, which lost their AAA rating. The dynamics of interest rates on government bonds, the several not so successful auctions and the rising price of credit default swaps (CDS) revealed that the downgrade is to a large extent expected by the market participants and has probably already been incorporated in the cost of debt of the troubled European states. The downgrade, however, will influence the financial stability in the corresponding countries, because of the pivotal role of credit ratings in financial sector regulation, particularly in determining the quality requirements for collateral. Apart from that, several empirical studies have ou...
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added on 14.01.2012 in category Political stability
The big news from yesterday, Friday, January 13, 2012 is the reduction of the credit rating of 9 Eurozone members, among which France and Austria, which lost their AAA rating. The dynamics of interest rates on government bonds, the several not so successful auctions and the rising price of credit default swaps (CDS) revealed that the downgrade is to a large extent expected by the market participants and has probably already been incorporated in the cost of debt of the troubled European states. The downgrade, however, will influence the financial stability in the corresponding countries, because of the pivotal role of credit ratings in financial sector regulation, particularly in determining the quality requirements for collateral. Apart from that, several empirical studies have ou...
[read more]
- Financial wealth increased while non-mortgage debt shrank
Industry Watch distributed among its subscribers the regular quarterly report “Personal Assets in Bulgaria: Financial Wealth and Housing Market, Q4 2011”. Here, we present You with the hig... - Subcription for Industry Watch reports in 2012
The global financial crisis in 2008 and the subsequent recession in advanced economies showed how important it is to be aware of the risks, stemming from the ongoing monetary and fiscal policies. It ... - Household financial wealth and the housing market in Bulgaria, Q3 2011
Industry Watch distributed among its subscribers the quarterly report “Personal Assets: Household Financial Wealth and the Housing Market, Q3 2011". Here are the highlights of the report. ... - Economic Development of Past Few Days: Brief Commentary (in Bulgarian)
..... - Greek Deal and Effects for Bulgaria
... - New report by Industry Watch: Sustainable recovery or new recession: Macro risks and prospects for main industries in 2011-2012
The European Union is the main trade partner of Bulgaria so the Bulgarian economy follows in the footsteps of the EU market recovery. At the end of 2010 the GDP of Bulgaria started recovering graduall...