Došao Ramo i Moodys ruši rejting
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Došao Ramo i Moodys ruši rejting
http://hr.n1info.com/a190597/Vijesti/Moody-s-ponovno-srusio-kreditni-rejting-Agrokora.html
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Alvarez je prenio kako stvari stoje
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Ramljak doveo odvjetnički ured čiji je vlasnik najbolji prijatelj Tedeschija.
Petrov bi rasprodavao i naređivao tko treba kupiti dijelove, jasno je da tu nema kruha.
Petrov bi rasprodavao i naređivao tko treba kupiti dijelove, jasno je da tu nema kruha.
Sabina Spielrein- Posts : 1040
2016-02-22
Re: Došao Ramo i Moodys ruši rejting
Pa on je i pisao zakon, a ovo sve ce svejedno zavrsiti kolapsom sa ili bez BožeSabina Spielrein wrote:Ramljak doveo odvjetnički ured čiji je vlasnik najbolji prijatelj Tedeschija.
Petrov bi rasprodavao i naređivao tko treba kupiti dijelove, jasno je da tu nema kruha.
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Strane agencije bi trebale imati vise povjerenja u Hr pristup rjesavanju problema. Na kraju krajeva imamo vec skoro tri desetljeca iskustva u tome :))
Guest- Guest
Re: Došao Ramo i Moodys ruši rejting
Pa ti Mudiz stvarno pojma nemaju...cijela država je eto stala iza posrnulog giganta a oni tako...pa nismo Ruanda...ili da?
_________________
Danas Matko sutra svatko
n_razbojnik-
Posts : 11441
2014-04-15
Lokacija: : ObiLand
Re: Došao Ramo i Moodys ruši rejting
MaximusDecimusMiridije wrote:Strane agencije bi trebale imati vise povjerenja u Hr pristup rjesavanju problema. Na kraju krajeva imamo vec skoro tri desetljeca iskustva u tome :))
svaka zemlja ima svije specifičnosti koje treba uvažavati i nadasve njegovati.
Guest- Guest
Re: Došao Ramo i Moodys ruši rejting
nego atila, kako država može prodati dijelove koncerna koji vrijede i njihove dugove prebaciti na sam agrokor, nisu li tu oštećeni vjerovnici koji će za 15 mjeseci dobiti očerupanu kompaniju?
_________________
marcellus- Posts : 46005
2014-04-16
Re: Došao Ramo i Moodys ruši rejting
naime banke su dale lovu agrokoru koji je u sastavu imao zvijezdu, janicu, mercator, ledo, itd.
država to proda i da rusima recimo za 15 mjeseci konzum bez love i bez ičega, kako to pravno stoji mislim da to može rezultirati jebačkom odštetom
država to proda i da rusima recimo za 15 mjeseci konzum bez love i bez ičega, kako to pravno stoji mislim da to može rezultirati jebačkom odštetom
_________________
marcellus- Posts : 46005
2014-04-16
Re: Došao Ramo i Moodys ruši rejting
kako država može zakonom skinuti blokadu najvećoj tvrtki u državi ai dužniku, a u isto vrijeme jebat majku one koje su ju pokušali blokirati? Ovo je sumrak ustava te trgovačkog prava koje u biti nikad kod nas nije bilo ništa a sada je povaljano u prezle od goavana.marcellus wrote:nego atila, kako država može prodati dijelove koncerna koji vrijede i njihove dugove prebaciti na sam agrokor, nisu li tu oštećeni vjerovnici koji će za 15 mjeseci dobiti očerupanu kompaniju?
Ovo što kažeš je unajmanje k.d. oštećivanje vjerovnika o arbitražnim odlukama da ne govorim ovo je krađa, ali no nije puno bolje bilo niti sa predstečajnim pa je prošlo, kod nas sve prođe marcele jer je narod glupi kmet
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Platit će oni bankama, jer u surprotnome RH-a se izlaže teškim tužbama pred arbitražama, osim ako računaju da će biti rata sa Rusima hehehemarcellus wrote:naime banke su dale lovu agrokoru koji je u sastavu imao zvijezdu, janicu, mercator, ledo, itd.
država to proda i da rusima recimo za 15 mjeseci konzum bez love i bez ičega, kako to pravno stoji mislim da to može rezultirati jebačkom odštetom
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Željko Horvat
Moodys nije uzeo u obzir da u Hrvatsku stiže najmanje 13 milijuna, tri Hrvatske, ljudu koje valja nahraniti.
Sviđa mi se · Odgovor · 3 sata
Željko Horvat
...zato je tu uzela u obzir Sbarbanka pa je udarila na Agrokor ranije, što pak govori da je imala podle namjere.
Sviđa mi se · Odgovor · 2 sata
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
[size=14]
Drazen Katic ·
Hochschule für Wirtschaftskunde Zagreb
Americka kreditna agencija Moody`s rado snizava ili dize rejting razlicitim tvrtkama posebice ako se nalaze izvan SAD-a.
Postavlja se pitanje kompetentnosti kreditne agencije iz Amerike, posto je za pretpostaviti da ona nema svoje analiticare koji se danas nalaze u koncernu "Agrokor" te koji proucavaju mogucnost stecaja ili bankrota hrvatskog koncerna. Takodjer nema ni svoje analiticare u Zagrebu koji mogu na hrvatskom jeziku tumaciti i razumijeti hrvatske zakone vezane za gospodarstvo.
Vrlo je interesantno da ne postoji (koliko je meni poznato) kreditna agencija u Europskoj uniji koja redovito procijenjuje rejting americkih tvrtki i koncerana u Americi!
Bilo kako bilo, koncern Agrokor je kako u proslosti tako i danas postavljao svoje ljude na kljucne pozicije u drzavnim institucijama te vladi Republike Hrvatske.
Gospodin Rohatinski, bivsi i sadasnji zaposlenik Agrokora koji je obnasao funkciju guvernera Narodne Banke Republike Hrvatske te ministar Maric, koji danas vodi hrvatsko ministarstvo financija.
Medjutim i u europskoj politici to nije strana tema. U mnogim europskim koncernima u izvrsnim odborima sjede politicari.
Takodjer menadzeri konzultiraju politicare i vrse direktan utjecaj na izvrsnu vlast. Sjetimo se samo gospodina Hartza koji je iz VW -a direktno utjecao na donosenej 4 socijalna zakona za vrijeme vlasti gospodina Schrödera u Saveznoj Republici Njemackoj.
Iako je gospodin Hartz sam zloupotrebljavao menadzersku funkciju u koncernu VW, to nije smetalo da odredi sudbinu 2 milijuna nezaposlenih u Njemackoj.
Mijesanje ekonomije u politiku i politike u ekonomiju je danas postalo pravilo, medjutim mora se biti vrlo oprezan jer u pravili narod uvijek izvuce "tanji kraj"!
Ugodan dan i lijepi Uskrsnji blagdani!
www.drazenkatic.blogspot.de
[size=12]Sviđa mi se · Odgovor · 1 · 3 sata
[/size][/size]
Drazen Katic ·
Hochschule für Wirtschaftskunde Zagreb
Americka kreditna agencija Moody`s rado snizava ili dize rejting razlicitim tvrtkama posebice ako se nalaze izvan SAD-a.
Postavlja se pitanje kompetentnosti kreditne agencije iz Amerike, posto je za pretpostaviti da ona nema svoje analiticare koji se danas nalaze u koncernu "Agrokor" te koji proucavaju mogucnost stecaja ili bankrota hrvatskog koncerna. Takodjer nema ni svoje analiticare u Zagrebu koji mogu na hrvatskom jeziku tumaciti i razumijeti hrvatske zakone vezane za gospodarstvo.
Vrlo je interesantno da ne postoji (koliko je meni poznato) kreditna agencija u Europskoj uniji koja redovito procijenjuje rejting americkih tvrtki i koncerana u Americi!
Bilo kako bilo, koncern Agrokor je kako u proslosti tako i danas postavljao svoje ljude na kljucne pozicije u drzavnim institucijama te vladi Republike Hrvatske.
Gospodin Rohatinski, bivsi i sadasnji zaposlenik Agrokora koji je obnasao funkciju guvernera Narodne Banke Republike Hrvatske te ministar Maric, koji danas vodi hrvatsko ministarstvo financija.
Medjutim i u europskoj politici to nije strana tema. U mnogim europskim koncernima u izvrsnim odborima sjede politicari.
Takodjer menadzeri konzultiraju politicare i vrse direktan utjecaj na izvrsnu vlast. Sjetimo se samo gospodina Hartza koji je iz VW -a direktno utjecao na donosenej 4 socijalna zakona za vrijeme vlasti gospodina Schrödera u Saveznoj Republici Njemackoj.
Iako je gospodin Hartz sam zloupotrebljavao menadzersku funkciju u koncernu VW, to nije smetalo da odredi sudbinu 2 milijuna nezaposlenih u Njemackoj.
Mijesanje ekonomije u politiku i politike u ekonomiju je danas postalo pravilo, medjutim mora se biti vrlo oprezan jer u pravili narod uvijek izvuce "tanji kraj"!
Ugodan dan i lijepi Uskrsnji blagdani!
www.drazenkatic.blogspot.de
[size=12]Sviđa mi se · Odgovor · 1 · 3 sata
[/size][/size]
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Branko Lozo
Bjelosvjetski hohštapleri i pljačkaši, čim se zrakoplov sa nekakvom šugom i nakaradom, pod radnim naslovom Alvarez III, digao sa Plesa, oni spustili rejting. Ne vjerujem da nema Hrvata koji može pronaći interes i pronaći par stotina milijuna EUR svojih ili drugih izvora i sanirati situaciju, ali i ekonomiju povesti u novi smjer.
Sviđa mi se · Odgovor · 2 sata
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Hrvati su izvorni ljudi gušteri:
Miro Pitinac ·
Pittington
Ako je lex Agrokor najbolji put prema bankrotu, neka ga. Ruski međed na srpskoj strani je najgora solucija koja nas može zadesiti. Treba se boriti da se srpski element vrati s onu stranu Drine, a ne ga još više učvršćivati u povijesnim hrvatskim krajevima. Bankrot Agrokora treba i može biti oružje ne samo protiv srba, već i protiv slovenaca i uz inat tim zlotvorima i mrziteljima Hrvata neka se dogodi.
Naravno da bi Alvarez napravio što je najbolje za kompaniju odnosno za ruse, očistio je od svih balasta i ono najvrjednije, na što su rusi bacili oko, pripalo bi njima, a onda bi nam dovukli direktore srbe, geđovane, koji bi se iživljavali nad našim radnicima.
Putin je zlo, srbi su zlo, srbi i rusi zajedno u hr. jesu pakao za Hrvate.
Gušter kad je u životnoj opasnosti odbaci svoj rep, žrtvuje ga, tako na ovu situaciju i mi trebamo gledati i učiti od guštera.
Like · Reply · 8 mins
Miro Pitinac ·
Pittington
Ako je lex Agrokor najbolji put prema bankrotu, neka ga. Ruski međed na srpskoj strani je najgora solucija koja nas može zadesiti. Treba se boriti da se srpski element vrati s onu stranu Drine, a ne ga još više učvršćivati u povijesnim hrvatskim krajevima. Bankrot Agrokora treba i može biti oružje ne samo protiv srba, već i protiv slovenaca i uz inat tim zlotvorima i mrziteljima Hrvata neka se dogodi.
Naravno da bi Alvarez napravio što je najbolje za kompaniju odnosno za ruse, očistio je od svih balasta i ono najvrjednije, na što su rusi bacili oko, pripalo bi njima, a onda bi nam dovukli direktore srbe, geđovane, koji bi se iživljavali nad našim radnicima.
Putin je zlo, srbi su zlo, srbi i rusi zajedno u hr. jesu pakao za Hrvate.
Gušter kad je u životnoj opasnosti odbaci svoj rep, žrtvuje ga, tako na ovu situaciju i mi trebamo gledati i učiti od guštera.
Like · Reply · 8 mins
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Konzumiranje alkohola i Ckve u Hrvata:
All Uja
igara bez kruha Alvarez = ludi Andrija III mađaron , nasmješena ministrica kao da je došla s Martinja poručuje –pipl mas tras as ,prijavljena za 180 MILIJARDI kuna štete državnog proračuna.
.
Marcelina nikada nije posvetio dio svog vremena razumijevanju misli velikana Ante Starčevića koji je odbijao slavoservluk kao ovi politikanti iz PARTIJA gedžavu -PROSRBSKE -HDZ ili DRUGE SRBSKE SDP .
Prvi govor u Saboru koji mu je u Hrvatskoj donio veliku popularnost pokazao je veličinu misli političara za sva vremena - "Ja ne ću dokazivati da Hrvatska može doista biti državom za sebe, nego samo velim, da naša domovina, kako je i nekad bila, tako i danas može biti samostalnom; ja sam htio dokazati, da mi, ako smo muževi slobode i napretka, moramo nastojati izbiti našem narodu iz glave uvjerenje, koje su mu narinule Austrija i Rusija, naime vjeru da mi, uzdržavatelji Austrije, da smo tako slabi, da ne možemo drugačije, živjeti nego kao nečiji robovi. Mi moramo Hrvatima dokazati, da je robu jednako u američkoj republici ili austrijskoj ili ruskoj despociji." " ... U ostalom ja sudim, da mi ne smijemo toliko gledati na hirove Austrije, koliko na sveta prava naše kraljevine. Mi nemamo više ništa što bi nam još Austrija mogla oteti. A da Ii Austrija ima što izgubiti, na to neka pazi Austrija".
Like · Reply · 2 · 1 hr · Edited
All Uja
igara bez kruha Alvarez = ludi Andrija III mađaron , nasmješena ministrica kao da je došla s Martinja poručuje –pipl mas tras as ,prijavljena za 180 MILIJARDI kuna štete državnog proračuna.
.
Marcelina nikada nije posvetio dio svog vremena razumijevanju misli velikana Ante Starčevića koji je odbijao slavoservluk kao ovi politikanti iz PARTIJA gedžavu -PROSRBSKE -HDZ ili DRUGE SRBSKE SDP .
Prvi govor u Saboru koji mu je u Hrvatskoj donio veliku popularnost pokazao je veličinu misli političara za sva vremena - "Ja ne ću dokazivati da Hrvatska može doista biti državom za sebe, nego samo velim, da naša domovina, kako je i nekad bila, tako i danas može biti samostalnom; ja sam htio dokazati, da mi, ako smo muževi slobode i napretka, moramo nastojati izbiti našem narodu iz glave uvjerenje, koje su mu narinule Austrija i Rusija, naime vjeru da mi, uzdržavatelji Austrije, da smo tako slabi, da ne možemo drugačije, živjeti nego kao nečiji robovi. Mi moramo Hrvatima dokazati, da je robu jednako u američkoj republici ili austrijskoj ili ruskoj despociji." " ... U ostalom ja sudim, da mi ne smijemo toliko gledati na hirove Austrije, koliko na sveta prava naše kraljevine. Mi nemamo više ništa što bi nam još Austrija mogla oteti. A da Ii Austrija ima što izgubiti, na to neka pazi Austrija".
Like · Reply · 2 · 1 hr · Edited
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
"a onda bi nam dovukli direktore srbe, geđovane, koji bi se iživljavali nad našim radnicima.
Putin je zlo, srbi su zlo, srbi i rusi zajedno u hr. jesu pakao za Hrvate.
Gušter kad je u životnoj opasnosti odbaci svoj rep, žrtvuje ga, tako na ovu situaciju i mi trebamo gledati i učiti od guštera."
heheheh esencija katoličke uljudbe
Putin je zlo, srbi su zlo, srbi i rusi zajedno u hr. jesu pakao za Hrvate.
Gušter kad je u životnoj opasnosti odbaci svoj rep, žrtvuje ga, tako na ovu situaciju i mi trebamo gledati i učiti od guštera."
heheheh esencija katoličke uljudbe
Kermit-
Posts : 26479
2014-04-17
Re: Došao Ramo i Moodys ruši rejting
Moody's Corporation
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $3.6 billion in 2016, employs approximately 10,600 people worldwide and maintains a presence in 36 countries. Further information is available at www.moodys.com.
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Rating Action: Moody's downgrades Agrokor's rating to Caa2; negative outlook
Global Credit Research - 11 Apr 2017
London, 11 April 2017 -- Moody's Investors Service has downgraded Croatian retailer and food manufacturer Agrokor D.D.'s corporate family rating (CFR) to Caa2 from Caa1 and its probability of default rating (PDR) to Ca-PD from Caa1-PD. The outlook on the company's ratings remains negative.
"Our decision to downgrade Agrokor's rating reflects its filing for restructuring under Croatian law, which in our view makes a default highly likely," says Vincent Gusdorf, a Vice President -- Senior Analyst at Moody's. "It also takes into account uncertainties around the restructuring process, as creditors' ability to get their money back hinges on numerous factors that will become apparent over time."
Moody's has also downgraded the senior unsecured rating assigned to the notes issued by Agrokor due in 2019 and 2020 to Caa2 from Caa1.
RATINGS RATIONALE
Today's downgrade reflects Agrokor's decision to file for restructuring on 7 April 2017 in accordance with the Croatian Law on Extraordinary Management Proceedings in Companies of Systemic Significance. In Moody's view, this course of action implies a high likelihood of default that could have negative effects for existing creditors, although the details of the process are not yet known. The company has also changed its CEO as well as part of the management board.
These decisions follow a deterioration of Agrokor's relationships with suppliers which has significantly impaired its liquidity. The HRK2,286 million (EUR307 million) of cash and cash equivalents reported at the end of September are not sufficient to finance even a portion of payables, which amounted then to HRK16,197 million (EUR2,175 million) at that time.
To address these liquidity issues, Agrokor is seeking additional loans from banks. The company is currently negotiating with its lenders to obtain secured financing, which would create subordination for existing unsecured debt holders.
Recovery prospects on Agrokor's existing debt will depend on a variety of factors. Strained relationships with suppliers could affect the company's market shares and earnings generation. Moody's will also monitor upcoming changes in the capital structure. The CFR could be downgraded further if future developments in the restructuring process lead to lower recovery prospects for creditors.
Although Agrokor has no debt maturity before September 2018, when EUR150 million of bank debt will become due, it must service the interest of its debt. This includes the coupons of its bonds, which are scheduled on 1 May for the EUR300 million notes maturing in 2019 and on 1 August for the EUR325 million and $300 million notes due in 2020. A missed interest payment would represent a default under Moody's definition.
WHAT COULD CHANGE THE RATINGS UP/DOWN
The negative outlook reflects the high risk of default arising from the company's decision to restructure its debt. It also factors in the uncertainties around the form that the restructuring would take, its timing, and its impact on Agrokor's earnings. This creates significant downside risk for the recovery prospects of creditors, although its magnitude will become apparent over time.
Further downward pressure could materialize if Agrokor fails to service the interest on its debt or if Moody's believes that there will be a greater loss for creditors than is currently assumed.
Upside potential is unlikely at this time. In the longer term, Moody's could upgrade Agrokor's rating if it is able to restore an adequate liquidity profile and improve its financial structure by reducing its debt.
The principal methodology used in these ratings was Retail Industry published in October 2015. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.
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Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
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https://www.moodys.com/research/Moodys-downgrades-Agrokors-rating-to-Caa2-negative-outlook--PR_364764
https://www.moodys.com/researchandratings/country/croatia/-/042015/042015/-/-1/0/-/0/-/-/-/-1/-/-/-/en/global/pdf/-/rra
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Rating Action: Moody's downgrades Agrokor's rating to Caa2; negative outlook
Global Credit Research - 11 Apr 2017
London, 11 April 2017 -- Moody's Investors Service has downgraded Croatian retailer and food manufacturer Agrokor D.D.'s corporate family rating (CFR) to Caa2 from Caa1 and its probability of default rating (PDR) to Ca-PD from Caa1-PD. The outlook on the company's ratings remains negative.
"Our decision to downgrade Agrokor's rating reflects its filing for restructuring under Croatian law, which in our view makes a default highly likely," says Vincent Gusdorf, a Vice President -- Senior Analyst at Moody's. "It also takes into account uncertainties around the restructuring process, as creditors' ability to get their money back hinges on numerous factors that will become apparent over time."
Moody's has also downgraded the senior unsecured rating assigned to the notes issued by Agrokor due in 2019 and 2020 to Caa2 from Caa1.
RATINGS RATIONALE
Today's downgrade reflects Agrokor's decision to file for restructuring on 7 April 2017 in accordance with the Croatian Law on Extraordinary Management Proceedings in Companies of Systemic Significance. In Moody's view, this course of action implies a high likelihood of default that could have negative effects for existing creditors, although the details of the process are not yet known. The company has also changed its CEO as well as part of the management board.
These decisions follow a deterioration of Agrokor's relationships with suppliers which has significantly impaired its liquidity. The HRK2,286 million (EUR307 million) of cash and cash equivalents reported at the end of September are not sufficient to finance even a portion of payables, which amounted then to HRK16,197 million (EUR2,175 million) at that time.
To address these liquidity issues, Agrokor is seeking additional loans from banks. The company is currently negotiating with its lenders to obtain secured financing, which would create subordination for existing unsecured debt holders.
Recovery prospects on Agrokor's existing debt will depend on a variety of factors. Strained relationships with suppliers could affect the company's market shares and earnings generation. Moody's will also monitor upcoming changes in the capital structure. The CFR could be downgraded further if future developments in the restructuring process lead to lower recovery prospects for creditors.
Although Agrokor has no debt maturity before September 2018, when EUR150 million of bank debt will become due, it must service the interest of its debt. This includes the coupons of its bonds, which are scheduled on 1 May for the EUR300 million notes maturing in 2019 and on 1 August for the EUR325 million and $300 million notes due in 2020. A missed interest payment would represent a default under Moody's definition.
WHAT COULD CHANGE THE RATINGS UP/DOWN
The negative outlook reflects the high risk of default arising from the company's decision to restructure its debt. It also factors in the uncertainties around the form that the restructuring would take, its timing, and its impact on Agrokor's earnings. This creates significant downside risk for the recovery prospects of creditors, although its magnitude will become apparent over time.
Further downward pressure could materialize if Agrokor fails to service the interest on its debt or if Moody's believes that there will be a greater loss for creditors than is currently assumed.
Upside potential is unlikely at this time. In the longer term, Moody's could upgrade Agrokor's rating if it is able to restore an adequate liquidity profile and improve its financial structure by reducing its debt.
The principal methodology used in these ratings was Retail Industry published in October 2015. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.
REGULATORY DISCLOSURES
For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.
For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.
Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.
Vincent Gusdorf
Vice President - Senior Analyst
Corporate Finance Group
Moody's France SAS
96 Boulevard Haussmann
Paris 75008
France
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Yasmina Serghini
Associate Managing Director
Corporate Finance Group
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
Releasing Office:
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© 2017 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.
CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS RATINGS AFFILIATES (“MIS”) ARE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MOODY’S PUBLICATIONS MAY INCLUDE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL, FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS AND MOODY’S OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. CREDIT RATINGS AND MOODY’S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. NEITHER CREDIT RATINGS NOR MOODY’S PUBLICATIONS COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS AND PUBLISHES MOODY’S PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.
MOODY’S CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY’S CREDIT RATINGS OR MOODY’S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER.
ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT.
All information contained herein is obtained by MOODY’S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided “AS IS” without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY’S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing the Moody’s publications.
To the extent permitted by law, MOODY’S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with the information contained herein or the use of or inability to use any such information, even if MOODY’S or any of its directors, officers, employees, agents, representatives, licensors or suppliers is advised in advance of the possibility of such losses or damages, including but not limited to: (a) any loss of present or prospective profits or (b) any loss or damage arising where the relevant financial instrument is not the subject of a particular credit rating assigned by MOODY’S.
https://www.moodys.com/research/Moodys-downgrades-Agrokors-rating-to-Caa2-negative-outlook--PR_364764
https://www.moodys.com/researchandratings/country/croatia/-/042015/042015/-/-1/0/-/0/-/-/-/-1/-/-/-/en/global/pdf/-/rra
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Re: Došao Ramo i Moodys ruši rejting
Ma Moodys su đubretari, ali ovdje nemaju aposlutno nikakav interes, dapače, a vjerujem da su tjeranjem Alavareza i tkz. zakonom samo tko zna koji put dobili potvrdu da je ovdje Đibuti od države
Kermit-
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2014-04-17
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