Dietmar Hornung

Nigeria’s Slow Reform Pace Impedes Moody’s Credit Rating

Nigeria’s slow implementation of structural economic reforms is limiting its chances of a credit- rating upgrade, Moody’s Investors Service said.

Russia’s Corruption Hampers Growth, Rating, Moody’s Says

Russia’s low debt and deficit levels are insufficient to win the country its first credit- rating upgrade in almost five years because of corruption and weak rule of law, Moody’s Investors Service said.

Moody’s Says Ireland ‘Rightly Positioned’ at Junk Rating

Moody’s Investors Service said Ireland’s credit rating is “rightly positioned” at non- investment grade even after the country returned to international bond markets last month.

Moody’s Says Czech Fiscal Plans May Boost Rating

The Czech Republic’s credit rating may be increased if the new government delivers on its promise to cut the budget deficit, Moody’s Investors Service said, pushing the koruna up as other east-European currencies fell.

Moody’s Sees ‘No Imminent Pressure’ on Hungary Rating

Moody’s Investors Service sees no immediate pressure to act on Hungary’s debt rating as the 2011 budget is covered by assets being taken over from private- pension funds.

Moody’s Rating Irish at Junk Threatens Kenny’s Goal: Euro Credit

Irish Prime Minister Enda Kenny has said he wants to wave goodbye next year to the international creditors who bailed out his country. That ambition rests in part with a credit analyst poring over figures 675 miles away.

Moody’s Says Hungary Plan Supports Credit Rating, Reuters Says

Hungary’s fiscal plan unveiled this week supports rating the country’s debt at the lowest investment grade and remaining risks justify keeping the outlook negative, Moody’s analyst Dietmar Hornung said, according to Reuters.

Italy Election Impasse Negative for Credit Rating, Moody’s Says

Italy’s inconclusive elections raise the chance for prolonged political uncertainty, putting the country’s sovereign credit rating at risk for a downgrade, Moody’s Investors Service said.

Ireland's Rating May Be Downgraded by Moody's on Banks

Ireland’s credit rating may be cut by Moody’s Investors Service after the government pledged as much as 50 billion euros ($68.6 billion) to save the country’s banks.

S&P Revises Outlook on Ireland to Stable After Bank Agreement

Standard & Poor’s Ratings Services revised its outlook on Ireland to stable from negative, after the government reached an accord with the European Central Bank to ease the burden of the nation’s bank bailout.

"With respect to the post-crisis growth potential, it's clearly constrained by a weak rule of law and the high corruption levels."

- Dietmar Hornung on Mar 28, 2013

Standard & Poor's

Hungary

Greece

Airbus Said to Discuss A350 Order From Biggest Japanese Carriers

Drunken-Driving Limit Should Be Lowered to .05, NTSB Says

Hagel Sets Furloughs for 680,000 Workers Starting July 8

S&P 500 Rallies to Record on Increased Economic Optimism

GE’s Last Consumer Stand Gets $1 Billion Plus New Chief