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November 22, 2009 6:13:36 AM EST
Economic News
ECB Amends Rating Requirements For ABS To Be Eligible As Collateral
(RTTNews) - Friday, the European Central Bank's Governing Council decided to amend the rating requirements for asset-backed securities to be eligible for use in Eurosystem credit operations.
According to an ECB press release, the Eurosystem will require at least two ratings from an accepted external credit assessment institution for all ABSs issued as of March 1, 2010. In determining the eligibility of these ABSs, the Eurosystem will apply the "second-best" rule, meaning that not only the best, but also the second-best available rating must comply with the minimum threshold ap (continued...)
Friday November 20, 2009
- Thai Exports Decline At Slower Pace In October
09:40:00 EST - German FinMin: Crisis Not Over
09:32:00 EST - Belgium Nov. Consumer Confidence Improves
09:18:00 EST - Trichet Reiterates Gradual Exit; Says Premature To Declare Crisis Over
09:17:00 EST - *Belgium Nov. Consumer Confidence At Minus 10 Vs. Minus 12 In October
09:05:00 EST
- Poland Core Inflation Stable In October
08:36:00 EST - Portugal Producer Prices Decline In October
08:21:00 EST - *Poland Oct. Core CPI Up 2.9% On Year
08:07:00 EST - *Poland Oct. CPI Up 0.2% On Month
08:07:00 EST - Malaysia's Economic Contraction Slows In Q3
08:02:00 EST - UK Oct. Car Production Drops At Slower Pace -SMMT
07:54:00 EST - *India Forex Reserves At US$ 286.376 Bln As On Nov. 13 Vs. US$ 281.86 Bln Last Week
07:41:00 EST - Rangarajan Expects Indian Economy To Pick Up
07:34:00 EST - *ECB's Weber: Would Not Use Interest Rates As A Tool To Tackle Asset Price Bubbles
07:26:00 EST - *ECB's Trichet: Rationale For Exit From Unconventional Measures Is Inverse Of Rationale For Their Implementation
07:24:00 EST - Swedish Market Participants Say Financial Crisis Has Peaked: Riksbank Survey
07:17:00 EST - Malaysia's GDP Falls 1.2% In Q3
07:15:00 EST - Factors Affecting Eurozone Growth Could Be Temporary: ECB's Bini Smaghi
07:09:00 EST - PBoC Governor: Low Interest Rate May Hurt Lending
07:08:00 EST - Factors Affecting Eurozone Growth Could Be Temporary: ECB's Smaghi
06:56:00 EST - German Economy To Grow At Slower Pace In Q4: Finance Ministry
06:53:00 EST - Slovenia Industrial Turnover, New Orders Decrease In September
06:44:00 EST - Slovenia Consumer Confidence Rises In November
06:31:00 EST - PM Hopes To Bring India's Economy Growth Back To 9%
06:16:00 EST
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