際際滷

際際滷Share a Scribd company logo
Global SF Bond Downgrades by CRA
200,000

                                                                               TOTAL             S&P                Moody's               Fitch

                                                                                                                   176,046


150,000




                                                                                                         111,605
100,000




                                                                                                                             74,674
                                                                                                68,372
                                                                                                                                               64,186
 50,000
                                                                     49,594   50,968
                                                                                       47,510
                                                                                                                                      36,129
                                                       30,749
                                          7,992
             1,166         2,042
     0
              1Q07          2Q07           3Q07          4Q07         1Q08     2Q08     3Q08     4Q08     1Q09      2Q09      3Q09     4Q09       1Q10
          (Since January 2007 - Source: Bloomberg / RATT function)                                Copyright ? 2010 Markus Krebsz, All rights reserved.
Regional problem                                                                Global impact
200,000
                                                                                        TOTAL                    Europe                  US


                                                                                                                   175,208


150,000




                                                                                                         111,239
100,000




                                                                                                                             74,150
                                                                                                68,073
                                                                                                                                                64,017
 50,000
                                                                     49,160   50,676
                                                                                       47,284
                                                                                                                                      35,837
                                                        30,597
                                           7,981
              1,161         2,035
     0
               1Q07          2Q07          3Q07           4Q07        1Q08     2Q08     3Q08     4Q08     1Q09      2Q09      3Q09     4Q09      1Q10
          (Since January 2007 - Source: Bloomberg / RATT function)                                 Copyright ? 2010 Markus Krebsz, All rights reserved.

More Related Content

Viewers also liked (7)

RISKY RATING: Reducing the Over-reliance by using Credit ratings sensibly
RISKY RATING: Reducing the Over-reliance by using Credit ratings sensiblyRISKY RATING: Reducing the Over-reliance by using Credit ratings sensibly
RISKY RATING: Reducing the Over-reliance by using Credit ratings sensibly
Markus Krebsz
?
Model Drivers: The testing profile and its opportunity 2013-09-01
Model Drivers: The testing profile and its opportunity 2013-09-01Model Drivers: The testing profile and its opportunity 2013-09-01
Model Drivers: The testing profile and its opportunity 2013-09-01
Greg Soulsby
?
Optimizing Collection of Patient-Driven eData in Elderly Populations
Optimizing Collection of Patient-Driven eData in Elderly PopulationsOptimizing Collection of Patient-Driven eData in Elderly Populations
Optimizing Collection of Patient-Driven eData in Elderly Populations
challPHT
?
Sete Gastronomy@orizodes
Sete Gastronomy@orizodesSete Gastronomy@orizodes
Sete Gastronomy@orizodes
SETE
?
Agility Emerging Markets Logistics Index 2014
Agility Emerging Markets Logistics Index 2014Agility Emerging Markets Logistics Index 2014
Agility Emerging Markets Logistics Index 2014
Toby Edwards
?
Monetary policy
Monetary policyMonetary policy
Monetary policy
cmsrahaman
?
London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239
London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239
London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239
Greg Soulsby
?
RISKY RATING: Reducing the Over-reliance by using Credit ratings sensibly
RISKY RATING: Reducing the Over-reliance by using Credit ratings sensiblyRISKY RATING: Reducing the Over-reliance by using Credit ratings sensibly
RISKY RATING: Reducing the Over-reliance by using Credit ratings sensibly
Markus Krebsz
?
Model Drivers: The testing profile and its opportunity 2013-09-01
Model Drivers: The testing profile and its opportunity 2013-09-01Model Drivers: The testing profile and its opportunity 2013-09-01
Model Drivers: The testing profile and its opportunity 2013-09-01
Greg Soulsby
?
Optimizing Collection of Patient-Driven eData in Elderly Populations
Optimizing Collection of Patient-Driven eData in Elderly PopulationsOptimizing Collection of Patient-Driven eData in Elderly Populations
Optimizing Collection of Patient-Driven eData in Elderly Populations
challPHT
?
Sete Gastronomy@orizodes
Sete Gastronomy@orizodesSete Gastronomy@orizodes
Sete Gastronomy@orizodes
SETE
?
Agility Emerging Markets Logistics Index 2014
Agility Emerging Markets Logistics Index 2014Agility Emerging Markets Logistics Index 2014
Agility Emerging Markets Logistics Index 2014
Toby Edwards
?
London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239
London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239
London Financial Modelling Group 2015 04 30 - Model driven solutions to BCBS239
Greg Soulsby
?

Similar to Global Abs 2010 (20)

Challenges & Opportunities in Microfinance for Rural Banks in 2010
Challenges & Opportunities in Microfinance for Rural Banks in 2010Challenges & Opportunities in Microfinance for Rural Banks in 2010
Challenges & Opportunities in Microfinance for Rural Banks in 2010
John Owens
?
Microfinance Opportunities Amidst The New Regulatory Environment 2010
Microfinance Opportunities Amidst The New Regulatory Environment 2010Microfinance Opportunities Amidst The New Regulatory Environment 2010
Microfinance Opportunities Amidst The New Regulatory Environment 2010
guest665a59
?
Owens rbap presentation nov 2011
Owens rbap presentation nov 2011Owens rbap presentation nov 2011
Owens rbap presentation nov 2011
RBAPAT54
?
New Developments & Future Trends in Microfinance for Rural Banks
New Developments & Future Trends in Microfinance for  Rural BanksNew Developments & Future Trends in Microfinance for  Rural Banks
New Developments & Future Trends in Microfinance for Rural Banks
John Owens
?
Media landscape updater 2011
Media landscape updater 2011Media landscape updater 2011
Media landscape updater 2011
MediaDirectionOMD
?
Pamper world cashflow statement form
Pamper world cashflow statement formPamper world cashflow statement form
Pamper world cashflow statement form
joanmworthington
?
Elite Builder
Elite BuilderElite Builder
Elite Builder
SA Smart Achievers Group
?
Ohl Concesiones2009anexos Oficial Ing
Ohl Concesiones2009anexos Oficial IngOhl Concesiones2009anexos Oficial Ing
Ohl Concesiones2009anexos Oficial Ing
Arteris S.A.
?
Media landscape updater 2011
Media landscape updater 2011Media landscape updater 2011
Media landscape updater 2011
MediaDirectionOMD
?
Media landscape updater 2011
Media landscape updater 2011Media landscape updater 2011
Media landscape updater 2011
MediaDirectionOMD
?
g樹ソ`シャルメディア試喘 ヒントと並箭鹿 Ver1.3.0
g樹ソ`シャルメディア試喘 ヒントと並箭鹿 Ver1.3.0g樹ソ`シャルメディア試喘 ヒントと並箭鹿 Ver1.3.0
g樹ソ`シャルメディア試喘 ヒントと並箭鹿 Ver1.3.0
Toru Saito
?
Line by environment interaction, yield stability and grouping of test locatio...
Line by environment interaction, yield stability and grouping of test locatio...Line by environment interaction, yield stability and grouping of test locatio...
Line by environment interaction, yield stability and grouping of test locatio...
ILRI
?
Media landscape updater 2011
Media landscape updater 2011Media landscape updater 2011
Media landscape updater 2011
MediaDirectionOMD
?
???? ????? ???? ?????? ???? ???
???? ????? ???? ??????   ???? ??????? ????? ???? ??????   ???? ???
???? ????? ???? ?????? ???? ???
mayavital13
?
Capital Driven Real Estate Market And Its Impact
Capital Driven Real Estate Market And Its ImpactCapital Driven Real Estate Market And Its Impact
Capital Driven Real Estate Market And Its Impact
T Anil Kumar
?
Technical Report - September 29,2010
Technical Report - September 29,2010Technical Report - September 29,2010
Technical Report - September 29,2010
Angel Broking
?
Quepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial Results
Quepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial ResultsQuepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial Results
Quepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial Results
MeetMe, Inc
?
Top 50 websites by traffic
Top 50 websites by trafficTop 50 websites by traffic
Top 50 websites by traffic
Ghatt Media Holdings LLC
?
Technical Report - September 17, 2010
Technical Report - September 17, 2010Technical Report - September 17, 2010
Technical Report - September 17, 2010
Angel Broking
?
ERCOT's Challenges & Opportunities
ERCOT's Challenges & OpportunitiesERCOT's Challenges & Opportunities
ERCOT's Challenges & Opportunities
aectnet
?
Challenges & Opportunities in Microfinance for Rural Banks in 2010
Challenges & Opportunities in Microfinance for Rural Banks in 2010Challenges & Opportunities in Microfinance for Rural Banks in 2010
Challenges & Opportunities in Microfinance for Rural Banks in 2010
John Owens
?
Microfinance Opportunities Amidst The New Regulatory Environment 2010
Microfinance Opportunities Amidst The New Regulatory Environment 2010Microfinance Opportunities Amidst The New Regulatory Environment 2010
Microfinance Opportunities Amidst The New Regulatory Environment 2010
guest665a59
?
Owens rbap presentation nov 2011
Owens rbap presentation nov 2011Owens rbap presentation nov 2011
Owens rbap presentation nov 2011
RBAPAT54
?
New Developments & Future Trends in Microfinance for Rural Banks
New Developments & Future Trends in Microfinance for  Rural BanksNew Developments & Future Trends in Microfinance for  Rural Banks
New Developments & Future Trends in Microfinance for Rural Banks
John Owens
?
Pamper world cashflow statement form
Pamper world cashflow statement formPamper world cashflow statement form
Pamper world cashflow statement form
joanmworthington
?
Ohl Concesiones2009anexos Oficial Ing
Ohl Concesiones2009anexos Oficial IngOhl Concesiones2009anexos Oficial Ing
Ohl Concesiones2009anexos Oficial Ing
Arteris S.A.
?
g樹ソ`シャルメディア試喘 ヒントと並箭鹿 Ver1.3.0
g樹ソ`シャルメディア試喘 ヒントと並箭鹿 Ver1.3.0g樹ソ`シャルメディア試喘 ヒントと並箭鹿 Ver1.3.0
g樹ソ`シャルメディア試喘 ヒントと並箭鹿 Ver1.3.0
Toru Saito
?
Line by environment interaction, yield stability and grouping of test locatio...
Line by environment interaction, yield stability and grouping of test locatio...Line by environment interaction, yield stability and grouping of test locatio...
Line by environment interaction, yield stability and grouping of test locatio...
ILRI
?
???? ????? ???? ?????? ???? ???
???? ????? ???? ??????   ???? ??????? ????? ???? ??????   ???? ???
???? ????? ???? ?????? ???? ???
mayavital13
?
Capital Driven Real Estate Market And Its Impact
Capital Driven Real Estate Market And Its ImpactCapital Driven Real Estate Market And Its Impact
Capital Driven Real Estate Market And Its Impact
T Anil Kumar
?
Technical Report - September 29,2010
Technical Report - September 29,2010Technical Report - September 29,2010
Technical Report - September 29,2010
Angel Broking
?
Quepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial Results
Quepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial ResultsQuepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial Results
Quepasa Corporation (NYSE Amex: QPSA) Q1 2012 Financial Results
MeetMe, Inc
?
Technical Report - September 17, 2010
Technical Report - September 17, 2010Technical Report - September 17, 2010
Technical Report - September 17, 2010
Angel Broking
?
ERCOT's Challenges & Opportunities
ERCOT's Challenges & OpportunitiesERCOT's Challenges & Opportunities
ERCOT's Challenges & Opportunities
aectnet
?

More from Markus Krebsz (20)

20161215 A New Dawn for Municipal Financing Instruments (long) - Lexology
20161215 A New Dawn for Municipal Financing Instruments (long) - Lexology20161215 A New Dawn for Municipal Financing Instruments (long) - Lexology
20161215 A New Dawn for Municipal Financing Instruments (long) - Lexology
Markus Krebsz
?
ECE_CTCS_WP.6_2016_4E_GRM
ECE_CTCS_WP.6_2016_4E_GRMECE_CTCS_WP.6_2016_4E_GRM
ECE_CTCS_WP.6_2016_4E_GRM
Markus Krebsz
?
20161110 FT - UK councils set for launch of munibonds after cuts
20161110 FT - UK councils set for launch of munibonds after cuts20161110 FT - UK councils set for launch of munibonds after cuts
20161110 FT - UK councils set for launch of munibonds after cuts
Markus Krebsz
?
Bond agency happy with ratings _ Room 151
Bond agency happy with ratings _ Room 151Bond agency happy with ratings _ Room 151
Bond agency happy with ratings _ Room 151
Markus Krebsz
?
Imperial College 2016 Brochure Finance-Short-Programmes
Imperial College 2016 Brochure Finance-Short-ProgrammesImperial College 2016 Brochure Finance-Short-Programmes
Imperial College 2016 Brochure Finance-Short-Programmes
Markus Krebsz
?
GlobalCrisisBibliographyWebed
GlobalCrisisBibliographyWebedGlobalCrisisBibliographyWebed
GlobalCrisisBibliographyWebed
Markus Krebsz
?
UKMBA_QAs
UKMBA_QAsUKMBA_QAs
UKMBA_QAs
Markus Krebsz
?
MUNICIPAL-BONDS_Dialogue-Series
MUNICIPAL-BONDS_Dialogue-SeriesMUNICIPAL-BONDS_Dialogue-Series
MUNICIPAL-BONDS_Dialogue-Series
Markus Krebsz
?
PRM_Handbook_Introduction_and_Contents_2015edition
PRM_Handbook_Introduction_and_Contents_2015editionPRM_Handbook_Introduction_and_Contents_2015edition
PRM_Handbook_Introduction_and_Contents_2015edition
Markus Krebsz
?
Brochure_FINAL_WEB
Brochure_FINAL_WEBBrochure_FINAL_WEB
Brochure_FINAL_WEB
Markus Krebsz
?
WP6_2015_05E
WP6_2015_05EWP6_2015_05E
WP6_2015_05E
Markus Krebsz
?
PRMIA_CCRM_Introduction
PRMIA_CCRM_IntroductionPRMIA_CCRM_Introduction
PRMIA_CCRM_Introduction
Markus Krebsz
?
150602 IMPERIAL PRMIA Student Event (Attendees)
150602 IMPERIAL PRMIA Student Event (Attendees) 150602 IMPERIAL PRMIA Student Event (Attendees)
150602 IMPERIAL PRMIA Student Event (Attendees)
Markus Krebsz
?
20150203 Rating vital to new UK issuer s price hopes - GlobalCapital
20150203 Rating vital to new UK issuer s price hopes - GlobalCapital20150203 Rating vital to new UK issuer s price hopes - GlobalCapital
20150203 Rating vital to new UK issuer s price hopes - GlobalCapital
Markus Krebsz
?
20150122 LGA Press Release Municipal bonds agency makes key appointments
20150122 LGA Press Release Municipal bonds agency makes key appointments20150122 LGA Press Release Municipal bonds agency makes key appointments
20150122 LGA Press Release Municipal bonds agency makes key appointments
Markus Krebsz
?
unleashing-municipal-enterprise
unleashing-municipal-enterpriseunleashing-municipal-enterprise
unleashing-municipal-enterprise
Markus Krebsz
?
20141215 Councils pool resources to make borrowing cheaper for one another - ...
20141215 Councils pool resources to make borrowing cheaper for one another - ...20141215 Councils pool resources to make borrowing cheaper for one another - ...
20141215 Councils pool resources to make borrowing cheaper for one another - ...
Markus Krebsz
?
20141215 Council bond agency green lit to launch - LocalGov
20141215 Council bond agency green lit to launch - LocalGov20141215 Council bond agency green lit to launch - LocalGov
20141215 Council bond agency green lit to launch - LocalGov
Markus Krebsz
?
ROGUE TRADING: A People Risk Analysis
ROGUE TRADING: A People Risk AnalysisROGUE TRADING: A People Risk Analysis
ROGUE TRADING: A People Risk Analysis
Markus Krebsz
?
RISKY RATINGS: The Risk of Over-reliance on Credit ratings and how to use CRA...
RISKY RATINGS: The Risk of Over-reliance on Credit ratings and how to use CRA...RISKY RATINGS: The Risk of Over-reliance on Credit ratings and how to use CRA...
RISKY RATINGS: The Risk of Over-reliance on Credit ratings and how to use CRA...
Markus Krebsz
?
20161215 A New Dawn for Municipal Financing Instruments (long) - Lexology
20161215 A New Dawn for Municipal Financing Instruments (long) - Lexology20161215 A New Dawn for Municipal Financing Instruments (long) - Lexology
20161215 A New Dawn for Municipal Financing Instruments (long) - Lexology
Markus Krebsz
?
ECE_CTCS_WP.6_2016_4E_GRM
ECE_CTCS_WP.6_2016_4E_GRMECE_CTCS_WP.6_2016_4E_GRM
ECE_CTCS_WP.6_2016_4E_GRM
Markus Krebsz
?
20161110 FT - UK councils set for launch of munibonds after cuts
20161110 FT - UK councils set for launch of munibonds after cuts20161110 FT - UK councils set for launch of munibonds after cuts
20161110 FT - UK councils set for launch of munibonds after cuts
Markus Krebsz
?
Bond agency happy with ratings _ Room 151
Bond agency happy with ratings _ Room 151Bond agency happy with ratings _ Room 151
Bond agency happy with ratings _ Room 151
Markus Krebsz
?
Imperial College 2016 Brochure Finance-Short-Programmes
Imperial College 2016 Brochure Finance-Short-ProgrammesImperial College 2016 Brochure Finance-Short-Programmes
Imperial College 2016 Brochure Finance-Short-Programmes
Markus Krebsz
?
GlobalCrisisBibliographyWebed
GlobalCrisisBibliographyWebedGlobalCrisisBibliographyWebed
GlobalCrisisBibliographyWebed
Markus Krebsz
?
MUNICIPAL-BONDS_Dialogue-Series
MUNICIPAL-BONDS_Dialogue-SeriesMUNICIPAL-BONDS_Dialogue-Series
MUNICIPAL-BONDS_Dialogue-Series
Markus Krebsz
?
PRM_Handbook_Introduction_and_Contents_2015edition
PRM_Handbook_Introduction_and_Contents_2015editionPRM_Handbook_Introduction_and_Contents_2015edition
PRM_Handbook_Introduction_and_Contents_2015edition
Markus Krebsz
?
PRMIA_CCRM_Introduction
PRMIA_CCRM_IntroductionPRMIA_CCRM_Introduction
PRMIA_CCRM_Introduction
Markus Krebsz
?
150602 IMPERIAL PRMIA Student Event (Attendees)
150602 IMPERIAL PRMIA Student Event (Attendees) 150602 IMPERIAL PRMIA Student Event (Attendees)
150602 IMPERIAL PRMIA Student Event (Attendees)
Markus Krebsz
?
20150203 Rating vital to new UK issuer s price hopes - GlobalCapital
20150203 Rating vital to new UK issuer s price hopes - GlobalCapital20150203 Rating vital to new UK issuer s price hopes - GlobalCapital
20150203 Rating vital to new UK issuer s price hopes - GlobalCapital
Markus Krebsz
?
20150122 LGA Press Release Municipal bonds agency makes key appointments
20150122 LGA Press Release Municipal bonds agency makes key appointments20150122 LGA Press Release Municipal bonds agency makes key appointments
20150122 LGA Press Release Municipal bonds agency makes key appointments
Markus Krebsz
?
unleashing-municipal-enterprise
unleashing-municipal-enterpriseunleashing-municipal-enterprise
unleashing-municipal-enterprise
Markus Krebsz
?
20141215 Councils pool resources to make borrowing cheaper for one another - ...
20141215 Councils pool resources to make borrowing cheaper for one another - ...20141215 Councils pool resources to make borrowing cheaper for one another - ...
20141215 Councils pool resources to make borrowing cheaper for one another - ...
Markus Krebsz
?
20141215 Council bond agency green lit to launch - LocalGov
20141215 Council bond agency green lit to launch - LocalGov20141215 Council bond agency green lit to launch - LocalGov
20141215 Council bond agency green lit to launch - LocalGov
Markus Krebsz
?
ROGUE TRADING: A People Risk Analysis
ROGUE TRADING: A People Risk AnalysisROGUE TRADING: A People Risk Analysis
ROGUE TRADING: A People Risk Analysis
Markus Krebsz
?
RISKY RATINGS: The Risk of Over-reliance on Credit ratings and how to use CRA...
RISKY RATINGS: The Risk of Over-reliance on Credit ratings and how to use CRA...RISKY RATINGS: The Risk of Over-reliance on Credit ratings and how to use CRA...
RISKY RATINGS: The Risk of Over-reliance on Credit ratings and how to use CRA...
Markus Krebsz
?

Global Abs 2010

  • 1. Global SF Bond Downgrades by CRA 200,000 TOTAL S&P Moody's Fitch 176,046 150,000 111,605 100,000 74,674 68,372 64,186 50,000 49,594 50,968 47,510 36,129 30,749 7,992 1,166 2,042 0 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 (Since January 2007 - Source: Bloomberg / RATT function) Copyright ? 2010 Markus Krebsz, All rights reserved.
  • 2. Regional problem Global impact 200,000 TOTAL Europe US 175,208 150,000 111,239 100,000 74,150 68,073 64,017 50,000 49,160 50,676 47,284 35,837 30,597 7,981 1,161 2,035 0 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 (Since January 2007 - Source: Bloomberg / RATT function) Copyright ? 2010 Markus Krebsz, All rights reserved.