Moodie cuts Western Australia local debt rating – Sohu financial management 陷入爱情吧 yuria

Moodie cuts Western Australia local debt rating – Sohu financial management 陷入爱情吧 yuria

November 13, 2017
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Moodie lowered the Western Australia local debt rating – financial Sohu international rating agency Moodie (Moody s) on Monday (January 8th) Western Australia Australia local bond rating to be cut, because iron ore price slump has seriously affected the local fiscal revenue. Western Australia is the world’s largest producer of iron ore, with its largest customer China further compressed steel production capacity, iron ore enterprises abroad has been precarious. Moodie says it has downgraded Western Australia’s financial authorities over a long period of time as a sponsor of the guaranteed debt, which is responsible for raising funds for the state’s government and state-owned enterprises. At present, the rating was lowered from the previous AA1 to AA2., Moodie said, Western Australia in the mining investment tide ebb tide process, the deterioration of the financial and debt situation, is the main reason for the downgrade. Previously, the global rating agencies have resource companies and resource output country’s debt rating on negative watch list, for the past year, many commodity prices have recorded a cliff fall. Before, another rating agency Standard & Poor’s (Standard& Poor "s) by BHP Billiton (20.27,1.65,8.86%) and Glencore big two rating, the rating is currently only above junk file. Moodie pointed out that Western Australia over reliance on mineral resources tax on income, which means that the decline in prices of commodities, especially iron ore, will be unbearable for local finance. Moodie said iron ore prices fell, the Western Australian state tax tight, leading to fiscal revenue decline, while the local lack of adequate throttling measures, which makes the local fiscal deficit expanded at an alarming rate. Moodie expected, after iron ore prices bottomed stabilized, and development of new natural gas projects, perhaps to compensate for Wa’s local fiscal deficit, but for now, these are far from the water difficult to stop thirst, and, if the economy Chinese after further deterioration, or the finances of the state of Western Australia has become more and more bear. [need to see more data, free trial steel link data]

穆迪调降西澳大利亚州地方债评级-搜狐理财   国际评级机构穆迪(Moody‘s)周一(1月8日)将澳大利亚西澳大利亚州的地方债券评级予以下调,原因是铁矿石价格暴跌严重影响了当地的财政收入。西澳大利亚地区是全球最大的铁矿石产地,而随着其最大客户中国开始进一步压缩钢铁产能,铁矿企业的出境都已经风雨飘摇。   穆迪表示,已经下调了西澳大利亚州财政当局的长期搞基为担保债务发行人评级,该机构负责为该州的政府和国有企业募集资金。目前评级被由此前的AA1下调一档至AA2.穆迪称,西澳州在矿业投资浪潮退潮过程中财政和债务状况之不断恶化,是导致其下调评级的主因。   此前,全球评级机构已经把资源类企业和资源输出国的债务评级列入了负面观察名单,因过去一年多来,多种大宗商品价格都录得了断崖式下跌。之前,另一家评级机构标普(Standard&Poor‘s)下调了必和必拓(20.27,1.65,8.86%)以及嘉能可两大矿业巨头的评级,后者的评级目前仅比垃圾级高出一档。   穆迪指出,西澳大利亚州在收入方面过度依赖矿业资源税,这意味着大宗商品尤其是铁矿石价格的下跌,对当地财政而言将是不堪承受之重。穆迪表示,铁矿石价格下跌,西澳州税源吃紧,导致财政收入下滑,与此同时,当地又缺少足够的节流措施,这使得当地财政赤字以惊人的速度扩大。   穆迪预计,日后铁矿石价格的见底企稳,和新增天然气项目的开发,或许能够弥补西澳州的地方财政赤字,但现在来看,这些都是远水难止近渴,并且,中国经济若在此后进一步恶化,或使得西澳大利亚州的财政状况变得更加不堪。   [需要查看更多数据,请免费试用钢联数据]相关的主题文章:

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