Tag #S&P Global Ratings

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cbsnews.com

🌐 85% Global Worthiness

Aug 19, 22:18

S&P Affirms U.S. Credit Rating Amid Tariff Revenue Surge

S&P Global Ratings reaffirmed the U.S.'s AA+ credit rating on Monday, citing offsetting effects of $30 billion in tariff revenue (a 242% increase since July 2024) against tax cuts enacted by the "One Big Beautiful Bill Act", despite a slowing economy and weak job growth.

S&P Affirms U.S. Credit Rating Amid Tariff Revenue Surge

S&P Global Ratings reaffirmed the U.S.'s AA+ credit rating on Monday, citing offsetting effects of $30 billion in tariff revenue (a 242% increase since July 2024) against tax cuts enacted by the "One Big Beautiful Bill Act", despite a slowing economy and weak job growth.

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How do the increased tariff revenues impact the U.S. economy, considering both the positive and negative consequences?

S&P's decision highlights the complex interplay of fiscal policy and economic indicators. While acknowledging concerns about high debt and tax cuts, the agency points to the resilience of the U.S. economy and increased tariff revenue as mitigating factors. This contrasts with Moody's more negative assessment.

t24.com.tr

🌐 75% Global Worthiness

Apr 29, 16:13

Turkish Banks' Performance Hinges on Central Bank's Policy Rate Decisions

S&P Global Ratings' Anais Ozyavuz predicts Turkish banks' performance hinges on the Central Bank's policy rate decisions; a gradual decrease is expected from summer onwards, contingent on macroeconomic stability; however, high reliance on short-term foreign finance poses a vulnerability.

Turkish Banks' Performance Hinges on Central Bank's Policy Rate Decisions

S&P Global Ratings' Anais Ozyavuz predicts Turkish banks' performance hinges on the Central Bank's policy rate decisions; a gradual decrease is expected from summer onwards, contingent on macroeconomic stability; however, high reliance on short-term foreign finance poses a vulnerability.

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What is the primary factor determining the performance of Turkish banks in the near term, and what are the immediate implications of this factor?

Anais Ozyavuz, S&P Global Ratings' Vice President for Financial Institutions, anticipates that Turkish banks' performance will significantly depend on the Central Bank's (TCMB) actions. Ozyavuz projects the TCMB will maintain the policy rate at 46% for some time, then gradually decrease it from the summer onwards, contingent on currency stability, reserve increases, and acceptable inflation rates.

dailymail.co.uk

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May 2, 16:14

S\&P Cuts Global Growth Forecast Due to US Tariffs

S\&P Global Ratings slashed global growth forecasts by 0.3 percentage points for 2025 and 2026 due to US trade tariffs, projecting a 0.5 percentage point decrease in US growth to 1.5 percent in 2025, while the UK is expected to have a higher growth than initially anticipated in 2025 (0.9 percent).

S\&P Cuts Global Growth Forecast Due to US Tariffs

S\&P Global Ratings slashed global growth forecasts by 0.3 percentage points for 2025 and 2026 due to US trade tariffs, projecting a 0.5 percentage point decrease in US growth to 1.5 percent in 2025, while the UK is expected to have a higher growth than initially anticipated in 2025 (0.9 percent).

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What are the potential long-term implications of the current US trade policy shift on the global economic landscape, and what uncertainties remain?

The long-term consequences of the US trade policy shift remain uncertain, according to S\&P. Further downward revisions to growth forecasts are possible, depending on the extent of the spillover effects from the tariff shock to the real economy. The report underscores the interconnectedness of global markets and the potential for significant disruptions stemming from protectionist trade measures.

elmundo.es

🌐 75% Global Worthiness

Jan 9, 22:10

S\&P: Manageable Impact Expected from Potential BBVA-Sabadell Merger

S\&P Global Ratings deems the potential BBVA-Sabadell merger manageable for BBVA's capital and non-harmful to competition, while viewing Sabadell as independently viable; they predict further domestic consolidation in Spain's banking sector, with 2024 as the peak for profitability and increasing ris...

S\&P: Manageable Impact Expected from Potential BBVA-Sabadell Merger

S\&P Global Ratings deems the potential BBVA-Sabadell merger manageable for BBVA's capital and non-harmful to competition, while viewing Sabadell as independently viable; they predict further domestic consolidation in Spain's banking sector, with 2024 as the peak for profitability and increasing ris...

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What are the long-term implications for the Spanish banking sector and what key risks does S\&P highlight?

S\&P anticipates further consolidation among mid-sized European banks, including in Spain, driven by the lack of a European banking union. They expect 2024 to be the peak year for Spanish bank profitability, but it will remain solid, with Spanish banks widening their profitability gap over European peers, even considering the bank tax. Cyberattacks are identified as an increasing risk.

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