On March 11, Mark Alpert of Deutsch Bank raised his rating on Capital One to "buy" as well.
"You will see it happening in Hong Kong, " says Thomas Koetzsch, a Hong Kong-based analyst for bank rating agency Capital Intelligence.
Howard Mason, an analyst with Sanford Bernstein, who has an "outperform" rating on Capital One, says there is still opportunity for Capital One to gain market share.
Patrik Safvenblad, an investment partner at London-based currency hedge fund Harmonic Capital, said a credit rating downgrade would be negative for sterling.
The worse the rating is the more capital you must hold if you hold the bond.
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Scotia Capital analyst Gus Papageorgiou cut his rating to Sector Perform from Outperform.
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Clearwire shares are trading sharply lower Wednesday morning after RBC Capital analyst Jonathan Atkin cut his rating on the stock to Underperform from Sector Perform.
"Management at Merrill Lynch is focusing on the right issues for the rating: liquidity, capital and derisking the balance sheet, " said Peter Nerby, senior vice president at Moody's.
Share of enterprise software provider Informatica are trading higher this morning after Roth Capital analyst Nathan Schneiderman lifted his rating on the stock to Buy from Neutral, asserting that a recent sell-off was overdone.
The currencies of countries that are big on commodity exports, like Brazil and Russia, will likely decline in the days immediately following the US credit rating downgrade, Barclays Capital forex analyst Paul Robinson said in a note to clients on Sunday.
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Dreamworks Animation shares are trading higher this morning after Janney Capital analyst Tony Wible upped his rating on the stock to Neutral from Sell, asserting that the company could have a big hit with the upcoming film Rise of the Guardians, which will be released November 21.
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The company is struggling to hold on to the top financial-strength rating, as its capital position is severely strained by exposure to subprime mortgage securities that have deteriorated in value, triggering the possibility that Ambac and other bond insurers will have to pay out on the policies they wrote.
But the country's new credit rating should increase access to capital for its best-behaved companies.
Second, Chilean firms and banks can tap international capital markets only if two bond-rating agencies rate their paper as high as Chile's own government bonds.
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Qualcomm (QCOM) shares are trading lower this morning after BMO Capital analyst Tim Long this chopped his rating on the shares to Market Perform from Outperform.
The first very minor one is that the only real legal meaning of a credit rating refers to how much capital a bank has to allocate to a holding in a particular asset.
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Janney Capital Markets analyst Mark Kalinowski maintained his Buy rating on the stock this morning.
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Merriman Capital analyst Eric Wold this morning cut his rating on Netflix to Neutral from Buy.
Blue Coat Systems shares are losing ground Monday morning after Lazard Capital analyst Ryan Hutchinson this morning cut his rating on the WAN optimization software stock to Neutral from Buy.
Seeing a shifting balance in their competitive positions, BMO Capital analyst Ambrish Srivastava this morning reduced his rating on Intel to Market Perform from Outperform, while at the same time lifting his stance on ARM Holdings to Outperform from Market Perform.
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Despite initially predicting the series would not take off, Tarrant and his partner David Briggs - his former producer at Capital - turned the show into the highest-rating programme on television within a year.
On Monday, worries about Asia's chilling effect on the international art market spurred Craig-Hallum Capital Group analyst George Sutton to lower Sotheby's rating to Hold from Buy.
Evercore Partners analyst Andrew Marquardt maintains his overweight rating on the stock and highlights the revised capital plan the bank will be submitting to the Federal Reserve, which will determine its ability to deploy cash to shareholders, as a factor to watch.
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The company boasted solid earnings growth and a "strong buy" rating from Deutsche Bank, but was short of capital for more acquisitions.
The problem with the idea is that credit ratings, while they are used in certain legal senses (certain investors are only allowed to hold AAA paper for example, the risk capital that must be allocated to a holding changes with the rating) a credit rating is an opinion, nothing more.
Steep downgrades of the sovereign-debt ratings of countries such as Portugal, Greece and Ireland would probably translate into immediate rating cuts for their banks, as well as higher capital charges on banks' debt holdings and bigger haircuts when using this debt as collateral.
The suggested revision adds two ideas to the same basic regime: in deciding how much capital is needed, make greater use of, first, credit-rating agencies' measures of risk and, second, banks' internal risk-management models.
Offsetting that: Earnings will disappoint for a while, and capital will remain scarce for any corporation with less than an investment-grade credit rating.
Given the way the rating agencies dropped the ball in Asia last year (and despite Long-Term Capital Management's near-collapse), it's no surprise that interest in quantitative models is rising.
The need for new capital was a signal to ratings agencies that these outfits might be in need of a credit-rating reduction.
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