Tag Archives: Credit / Payable Rating

The Petrobras drama ‘doesn’t bode well’ for Brazil -Fitch | Instant News


LONDON, February 25 (Reuters) – The sacking of the head of Brazil’s state-owned energy company Petrobras by the country’s president does not bode well for Latin America’s largest economy, rating agency Fitch said on Thursday, although it would not hurt him immediately. credit score.

“This is not a good sign,” Shelly Shetty, deputy head of Americas Sovereigns Fitch, said in a web broadcast. “It shows Brazil is vulnerable to one step forward and two steps back.”

Brazil’s currency, stocks and bonds fell on Monday after President Jair Bolsonaro moved on Friday evening to topple Petrobras chief Roberto Castello Branco following weeks of clashes over rising fuel prices.

On whether the move could impact BB-Brazil’s credit rating, which is already on a downgrade warning, Shetty said: “We want to get more clarity and are waiting to see how this problem settles.”

“The key to the ranking is the prospect of reform,” he said. (Reporting by Marc Jones Editing by Bill Berkrot)

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S&P upgraded New Zealand’s rating; said recovery is faster than most developed countries | Instant News


Feb 22 (Reuters) – S&P Global Ratings on Monday raised New Zealand’s foreign and local currency credit ratings by one notch to ‘AA + / A-1 +’ and ‘AAA / A-1 +’, saying the country was recovering. self. faster than most developed countries from the impact of COVID-19.

“We now believe that the government credit metric can withstand the potential damage from a negative shock to the economy”, the rating agency noted bit.ly/2MeHVAw, adding that the country was able to contain the spread of COVID-19 better than most other countries.

Reporting by Kanishka Singh in Bengaluru; Edited by Kim Coghill

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Germany has been unable to comply with the debt limit for years – Merkel’s helper in Handelsblatt | Instant News


BERLIN, January 25 (Reuters) – Germany is facing enormous fiscal challenges in the wake of the COVID-19 pandemic and will not be able to adhere to stringent debt limits for years, Chancellor Angela Merkel’s chief of staff was quoted as saying on Monday.

“Debt braking cannot be adhered to in the coming years even with tight spending discipline,” Helge Braun wrote in an op-ed article for the Handelsblatt business daily which will be published in Tuesday’s issue. (Reporting by Michael Nienaber, Editing by Edward Taylor)

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Germany expects AstraZeneca to deliver 3 million doses of the COVID-19 vaccine by February | Instant News


FILE PHOTOS: AstraZeneca logo reflected in syringe droplets in an illustration taken on November 9, 2020. REUTERS / Dado Ruvic / Illustration / Photo File

BERLIN (Reuters) – Germany expects British drugmaker AstraZeneca Plc to deliver 3 million doses of the COVID-19 vaccine in February despite the company’s latest production issues, Health Minister Jens Spahn told the Bild am Sonntag newspaper.

AstraZeneca notified EU officials on Friday that it would cut shipments of the COVID-19 vaccine to the block by 60% to 31 million doses in the first quarter of this year due to production issues, a senior official told Reuters.

The decline dealt another blow to Europe’s COVID-19 vaccination efforts after Pfizer Inc and German partner BioNTech slowed down their vaccine supply to the bloc this week, saying the move was needed because of efforts to increase production.

“The good news is that if the AstraZeneca vaccine is approved by the end of January, we expect at least 3 million doses of vaccine for Germany by February,” Spahn told Bild am Sonntag in an interview.

Spahn admitted this was less than expected. The delays suggest vaccine production is a much more complex task than some media headlines suggest, he added.

Spahn renewed his promise that the government would be able to offer vaccination offers to all citizens who wish to get vaccinated by the summer. “If the approval that is expected for further vaccines comes, it will remain that way,” said Spahn.

The government also remains committed to its goal of vaccinating all willing citizens over 80 by the end of March, Spahn said.

The minister rejected criticism that Germany was short on other countries in its vaccination efforts.

“We can make meaningful comparisons in two or three months,” said Spahn, adding that Germany had decided to start with vaccinations in nursing homes, which he described as a more complex and time-consuming task.

Reporting by Michael Nienaber; Edited by Alex Richardson

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Germany expects AstraZeneca to deliver 3 million doses of the COVID-19 vaccine by February | Instant News


FILE PHOTOS: AstraZeneca logo reflected in syringe droplets in an illustration taken on November 9, 2020. REUTERS / Dado Ruvic / Illustration / Photo File

BERLIN (Reuters) – Germany expects British drugmaker AstraZeneca Plc to deliver 3 million doses of the COVID-19 vaccine in February despite the company’s latest production issues, Health Minister Jens Spahn told the Bild am Sonntag newspaper.

AstraZeneca notified EU officials on Friday that it would cut shipments of the COVID-19 vaccine to the block by 60% to 31 million doses in the first quarter of this year due to production issues, a senior official told Reuters.

The decline dealt another blow to Europe’s COVID-19 vaccination efforts after Pfizer Inc and German partner BioNTech slowed down their vaccine supply to the bloc this week, saying the move was needed because of efforts to increase production.

“The good news is that if the AstraZeneca vaccine is approved by the end of January, we expect at least 3 million doses of vaccine for Germany by February,” Spahn told Bild am Sonntag in an interview.

Spahn admitted this was less than expected. The delays suggest vaccine production is a much more complex task than some media headlines suggest, he added.

Spahn renewed his promise that the government would be able to offer vaccination offers to all citizens who wish to get vaccinated by the summer. “If the approval that is expected for further vaccines comes, it will remain that way,” said Spahn.

The government also remains committed to its goal of vaccinating all willing citizens over 80 by the end of March, Spahn said.

The minister rejected criticism that Germany was short on other countries in its vaccination efforts.

“We can make meaningful comparisons in two or three months,” said Spahn, adding that Germany had decided to start with vaccinations in nursing homes, which he described as a more complex and time-consuming task.

Reporting by Michael Nienaber; Edited by Alex Richardson

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