Shaw-Sterling

[Breotonia]

Shaw-Sterling®
Financial Services and Ratings

With offices in 26 countries and a history that dates back two centuries, Shaw-Sterling is known to investors worldwide as a leader of financial-market intelligence and an organization that strives to provide investors who want to make better informed investment decisions with market guidance in the form of credit ratings, indices, investment research and risk evaluations and solutions.

Shaw-Sterling is most widely known as a provider of independent credit ratings for sovereign debt and the largest business entities in Europe with tens of trillions of pounds in outstanding debt being tracked and rated.

We are also well recognized for our large-cap Breotish stock index: the S&S 250. This staple measure of Breotish economic power has been maintained since 1936. Today the index constitutes £1.7 trillion in investment assets.

Information Center
Shaw-Sterling
32 Royale Square
Lunden, Breotonia

Sovereigns Ratings List
ANGLYN - AA-
ARENDAAL - AAA
AQUITANIA - AA-
BANTYR - SD
BATAVIE - CC
BREOTONIA - AAA
CANTIGNIA - AA
CARENTANIA - BB
CŒURLOIS - BBB
CORONADO - BB-
DANMARK - A
DANZIG - AAA
EIFFELLAND - A-
ENGELLEX - BBB
FRANKEN - AA
GUIANA - AA-
HAJR - AA+
HOLY SEE - AAA
JURZAN - A
KEIDA - AA
KRYOBAIJAN - BBB
KYIV - BBB
LAFAYETTE - CC
LORRAINE - BBB
MONTELIMAR - BBB
NICOSIA - A
SOLAREN - D
SØRLANDETEN - AA
SUIONIA - C
TOUZEN - AA+
VANGALA - BB
VISTRASIA - AA
WARRE - CCC
WIESE - CCC
WING-SING - AAA
WENDMARK - AAA
YUJIN - AA


Credit Ratings Explanation

Investment Grade
AAA: Extremely strong capacity to meet its financial commitments.
AA: Very strong capacity to meet its financial commitments.

AA+: high quality, with very low credit risk, but susceptibility to long-term risks appears somewhat greater
AA
AA-​

A: Strong capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions.

A+
A​

BBB: Adequate capacity to meet its financial commitments. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitments.

Non-Investment Grade (also known as junk bonds)
BB: Less vulnerable in the near term than other lower-rated obligors. However, it faces major ongoing uncertainties and exposure to adverse business, financial, or economic conditions, which could lead to the obligor's inadequate capacity to meet its financial commitments.
B: An obligor rated 'B' is more vulnerable than the obligors rated 'BB', but the obligor currently has the capacity to meet its financial commitments. Adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitments.
CCC: An obligor rated 'CCC' is currently vulnerable, and is dependent upon favorable business, financial, and economic conditions to meet its financial commitments.
CC: An obligor rated 'CC' is currently highly vulnerable.
C: Highly vulnerable, perhaps in bankruptcy but still continuing to pay out on obligations.
CI: Past due on interest.
R: An obligor rated 'R' is under regulatory supervision owing to its financial condition. During the pendency of the regulatory supervision, the regulators may have the power to favor one class of obligations over others or pay some obligations and not others.
SD: Has selectively defaulted on some obligations.
D: Has defaulted on obligations and S&S believes that it will generally default on most or all obligations.
NR: Not Rated

 

[Breotonia]

Shaw-Sterling®
Financial Services and Ratings

RECENT NEWS TICKER

• ENGELLEX invasion of MONTELIMAR - outlook for both nations damaged (ENGELLEX downgrade to A) (MONTELIMAR downgrade to A)
• EDF/SOLAREN war puts investments at risk - outlook poor for EDF nations on the frontlines; Solaren ruin seems likely (EIFFELLAND downgrade to A-) (FRANKEN downgrade to AA+) (LORRAINE downgrade to BBB) (SOLAREN downgrade to CC)
• WENDMARK's policy of neutrality shelters it from involvement in ongoing wars - outlook unchanged (WENDMARK maintains AAA rating)
• VISTRASIA not as exposed to ongoing NC crisis - outlook positive (VISTRASIA upgrade to AA)
• President Dubois of LAFAYETTE proposes elimination of private industry; no specific mention of sovereign debt - outlook poor (LAFAYETTE downgrade to CC)

 

[Breotonia]

Shaw-Sterling®
Financial Services and Ratings

RECENT NEWS TICKER

• SØRLANDETEN conservative investment policy in uncertainty, investors attracted to the removed nation in Boreas (SØRLANDETEN upgraded to AA)
• ENGELLEX invasion of MONTELIMAR continues with no end in sight - outlook for involved nations poor (ENGELLEX downgrade to BBB) (MONTELIMAR downgrade to BBB) (FRANKEN downgrade to AA-)
• SOLAREN collapse inevitable says independent military experts - longterm outlook dismal (SOLAREN downgrade to C)
• WIESE suffers massive attack on capital - outlook very poor (WIESE downgrade to BB)

 

[Breotonia]

Shaw-Sterling®
Financial Services and Ratings

RECENT NEWS TICKER

• SOLAREN continues military campaign, civil government and organized economy non-existent - default certain (SOLAREN downgrade to D)
• WIESE fully recovered from terrorist attack but ongoing issues of trade balance, high military spending, and state control of major economic interests are worrisome, attempts to interfere with credit rating agencies (notably SPRINGER) condemned - long term outlook uncertain (WIESE downgrade to CCC)
• CŒURLOIS transitions towards more liberal economy, good balance of trade and government spending, unemployment improving but still high at 17.8% - outlook moderate (CŒURLOIS upgraded to BBB)
• CARENTANIA gains ground in SOLAREN invasion but rhetoric emanating from the communist power does not provide stability to markets - long term outlook uncertain (CARENTANIA downgraded to BB)
• SUIONIA national currency reaches lowest levels of trading since the collapse of the Northern Dollar, continued war and economic instability casts serious doubt on ability to repay commitments, Suionian debt no longer being seriously traded - default possible (SUIONIA downgraded to C)
• Rising energy prices and increased demand will benefit JURZAN which has already been aided by large scale domestic and international investment in infrastructure, reliance on RDTO and bad unemployment figures still worrisome - outlook moderate (JURZAN upgraded to A)

 

[Danmark]

Dansk Finansministeriet

We welcome the announcement of the validation of Shaw-Sterling, alongside other international ratings agencies, for the confidence in Danish economic policy. We are pleased with the recognition that our policies to increase demand and increase growth have had positive recognition. The data tallies with our own analysis which signals a significant increase in consumer demand and confidence, and a rise in international markets for Danish goods and services.

 

[Breotonia]

Shaw-Sterling®
Financial Services and Ratings

RECENT NEWS TICKER

• SUIONIA crisis continues with no decisive government action; no rating exists lower than C for entities that have not yet begun the process of defaulting but the outlook is incredibly poor - S&S is forecasting a default in the very near future unless extreme and effective action is taken (SUIONIA maintains C but is at severe risk of default)
• Despite fears that CANTIGNIA would suffer a credit downgrade in the wake of the invasion of Montelimar the island nation's strong export economy and sound internal administration has allowed it to weather the past year effectively - (CANTIGNIA maintains AA rating)
• FRANKEN stabilizes as the war with ENGELLEX ends; favorable expansion of trade policies with targets towards growing eastern markets - (FRANKEN upgraded to AA rating from AA-)