What they do is assess how likely a borrower is to be able to repay its debts and help those trading debt contracts in the secondary market. So, who are the ratings agencies? The big three agencies are Fitch, Moody's and Standard & Poors. In order to maintain appropriate domestic bank capital levels, the Cypriot government will likely need to provide financial support to the country's banks that could threaten the sustainability of the government's debt burden ![]() The ratings agency cited fragile and weakening banks as the main factor in its decision, stating: Just days earlier Moody's cut its assessment of Cyprus's government bonds, downgrading them by one notch from Ba3 to B3. ![]() S&P attached a "negative outlook" to its rating, a warning of another possible downgrade in the medium term. Last October, Standard and Poors (S&P) downgraded Spain's sovereign ratings to BBB-, just one grade above junk status. This signalled a "slightly greater than 50% chance" that Britain would lose its AAA rating with Fitch in the next two years.Īt the same time as changing the UK's outlook to 'negative', Moody's made a range of adjustments including downgrades for Italy, Malta, Portugal, Slovenia, Slovakia and Spain.Īt that time, Moody's also announced France and Austria would share the same fate as the UK with their outlooks being changed to negative. Last year the UK was given a warning by Fitch when the credit rating outlook was changed to negative, becoming the second ratings agency to put the treasured AAA rating at risk after Moody's made the same move. Many economists predict at least one of the three main credit ratings agencies – Moody's, Fitch or Standard & Poor's – will declare the UK a bigger lending risk in response to the chancellor's admission in the autumn statement that austerity will run for at least eight years, until 2018, rather than the original five. Phillip Inman has more on the story here, where he writes: Cooperative and competitive multiplayer – Up to 4 players can build their own nations on a shared map and have the option of sharing resources, goods, and populations or declaring war on each other.How do credit ratings vary by country and by ratings agencies? Economists expect the UK to lose it's coveted AAA rating this year.Advanced trade system – Build a powerful trading fleet and secure the most lucrative contracts with neighboring nations and global superpowers.Refurbish outdated structures to make sure that everything is state-of-the-art in your race against time. Research and Renovate – Modernize your nation with new buildings, technologies, and resources.Turn your family members into valuable resources. The Dynasty – Members of your extended family live on the island and can be hired as rulers, managers, diplomats, or generals.From the 19th to the 21st century, each era will present its own challenges and have its own surprises in store for you. The Eras – Begin your rule over Tropico in colonial times, survive world wars and economic crises, ride out the Cold War, and lead your country towards a glorious future.With three extensive campaigns, 40 paradisaical islands, over 125 buildings and 10 additional scenarios, this game collection will provide a great deal more than 100 hours of gaming fun. ![]() Whether you would like to go down in history as a celebrated statesman or a barbarous dictator is entirely up to you! Extend the rule of your dynasty from early colonial times to the 21st century and face entirely new challenges with the new trading fleet, the researching of new technologies, numerous exploratory missions and multiplayer modes for up to 4 players. In Tropico 5, you are the sole ruler of a remote tropical island, where you can build your empire entirely according to your whims and desires. ![]() With a total of three extensive campaigns, 40 paradisaical islands, over 125 buildings and 10 additional scenarios, this collection will give you a great deal more than 100 hours of gaming fun, so make sure you have it in your cigar case. The time has come for a very special game collection: The Tropico 5 – Complete Collection offers both newcomers and seasoned fans the ultimate collection with all DLCs. Map Pack, T-Day, The Supercomputer, Espionage, Inquisition, Supervillain, Gone Green, Surfs Up!, Waterborne, Joint Venture, Generalissimo, Mad World, The Big Cheese Tropico 5: Complete Collection contains the base game, Tropico 5, and the following DLC:
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