Jueves 13/1011, Comercio Internacional, Google y JPM.

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S&P rebaja el rating de Espania, outlook negativo. Mas malas noticias.

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Fitch: More Than a Dozen Banks May Get Rate Cut
By Michael J. Moore
October 13, 2011 5:34 PM EDT
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UBS AG (UBSN), Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc had long-term issuer default grades cut by Fitch Ratings, which put more than a dozen other lenders on watch negative as part of a global review.
UBS’s long-term issuer default rating and its “support rating floor” were cut to “A” from “A+” on a “view that the one-notch uplift for close affiliation with the Swiss state is no longer warranted,” the ratings firm said in a statement. Lloyds and RBS were lowered two steps to A from AA- as Fitch said the U.K. is less likely to provide future support.
Fitch also placed viability ratings, and in some cases credit grades, on negative watch for seven global banks including Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) because of new regulations and economic developments. It put European banks such as Credit Agricole SA on watch, based on sovereign debt concerns and said it would review Bank of America Corp. (BAC)’s mortgage-litigation risks.
Placement of the seven global banks -- also including Deutsche Bank AG (DBK), Credit Suisse AG, BNP Paribas (BNP) SA, Societe Generale (GLE) SA and Barclays Plc (BARC) -- on watch “reflects Fitch’s view that these institutions’ business models are particularly sensitive to the increased challenges the financial markets are facing,” Fitch analysts wrote in a statement. “These challenges result from both economic developments, particularly in the euro area, as well as a myriad of regulatory changes.”
UBS Remains ‘Sound’
UBS’s viability rating, which measures a firm’s intrinsic creditworthiness and is meant to be internationally comparable, was placed on negative watch last month and was unaffected by today’s action, according to Fitch’s statement. The agency said in a statement it also lowered UBS’s short-term rating to F1 from F1+.
“UBS’s capital, liquidity and funding positions are sound and continue to be a source of competitive advantage,” said Torie von Alt, a spokeswoman for the Zurich-based bank, in an e- mail. “Fitch’s decision is not based on a change in its assessment of UBS’s intrinsic creditworthiness. It comes as part of a broader review of sovereign support assumptions for banks in several countries.”
The announcements reflect a broad view of the financial sector, “versus a specific statement about Bank of America,” said Jerry Dubrowski, a spokesman for the Charlotte, North Carolina-based lender. “As we have said before, we have significant reserves to cover potential mortgage repurchase claims.”

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Euro Declines Versus Dollar, Yen After S&P Lowers Spain’s Credit Rating
By Benjamin Purvis
October 13, 2011 6:48 PM EDT
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The euro declined after Standard & Poor’s cut Spain’s credit rating to AA- from AA.
The 17-nation currency fell 0.3 percent to $1.3743 at 7:46 a.m. in Tokyo. It dropped 0.3 percent to 105.62 yen.
To contact the reporter on this story: Benjamin Purvis in Sydney at bpurvis@bloomberg.net

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5:23 p.m. EDT 10/13/11Treasurys
    Price Chg Yield %
2-Year Note*   0/32 0.281
10-Year Note*   8/32 2.185
* at close
7:10 p.m. EDT 10/13/11Futures
  Last Change Settle
Crude Oil 84.13 -0.10 84.23
Gold 1667.3 -1.2 1668.5
E-mini Dow 11378 -14 11392
E-mini S&P 500 1196.00 -2.00 1198.00
7:26 p.m. EDT 10/13/11Currencies
  Last (bid) Prior Day †
Japanese Yen (USD/JPY) 76.93 76.90
Euro (EUR/USD) 1.3740 1.3777
† Late Thursday in New York.

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US: todas las acciones contra Iran estan sobre la mesa.