Aaa Sovereign Monitor (Quarterly Monitor) - January 2011
29 pages (16467 words) —
Published Jan 13, 2011
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| Brief Excerpt: | ...This report sheds light on and puts into practice the conceptual framework Moody's uses in analyzing debt metrics in order to identify rating pressures on Aaa-rated governments. The report also contains updated data to illustrate debt trajectories under different scenarios. Section 1 presents an overview of the challenges facing the four largest Aaa-rated governments. Section 2 provides an update on the position of the four largest Aaa governments (France, Germany, the United Kingdom and the United States). Section 3 provides a snapshot of the situation of selected other Aaa governments: this quarter, we focus on Asian Aaa countries (Australia, New Zealand and Singapore). Section 4 (Special Focus) looks at why debt levels alone may not be the best indicator of Aaa sovereign credit quality. Appendix I reviews our analytical framework and the stylized scenarios that we use to identify the Aaa-Aa demarcation zone. Appendix II provides data underlying the debt trajectories under stylized scenarios... |
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| Report Type: | Special Report |
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| Format: | | PDF |  |
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Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.
