The rating agency Standard & Poor’s affirms the rating of Andorra on “BBB / A-2” and maintains the positive outlook established last July. S&P highlights the progress made by the Principality of Andorra to join the International Monetary Fund, which could mean an improvement in the country’s rating by the rating agency.More
People had already realized at the beginning of the 20th century that submarines were becoming the most dangerous weapon in the world. Marine technology has evolved and improved with each decade. It is terrible to imagine what modern submarines are capable of doing. This is what my post today is about.
Germany began to use this …More
Fitch Ratings has affirmed Banca Privada d’Andorra’s (BPA) Long-and Short-term Issuer Default Ratings (IDRs) at ‘Default’ (D). Simultaneously, the agency has withdrawn BPA’s ratings as the bank is under resolution. Accordingly, Fitch will no longer provide ratings or analytical coverage of BPA, reports the agency.More
Fitch Ratings placed Andorra Banc Agricol Reig’s (Andbank), Credit Andorra’s and Mora Banc Grup, SA’s Long- and Short-term Issuer Default Ratings (IDRs) of ‘A-‘ and ‘F2’, respectively, and their Viability Ratings (VRs) of ‘a-‘ on Rating Watch Negative (RWN), reports the agency.
The RWN reflects Fitch’s view that the operating environment and franchises of Andorra’s domestic …More