Wednesday, February 16, 2011

Who Wins/Who Loses From a Depreciating Euro?

A handy little cheat sheet from Fitch via Research Recap:
A hypothetical scenario of the euro weakening to reach parity with the US dollar would on average be positive for euro issuers’ profits, Fitch Ratings says in this complimentary download from the Alacra Store. However, there would be a significant variation in outcomes and only a minority of rated issuers in Europe would see a meaningful boost....MORE