Dusk_Till_Dawn Posted November 12, 2008 Share Posted November 12, 2008 Just got the latest copy of Private Eye through the door and was interested to see HMFC highlighted in their 'In The City' section (the first time I can remember seeing us mentioned in the Eye). Didn't shed a whole lot of light on things, save to say that UKIO now has a negative credit rating. Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted November 12, 2008 Author Share Posted November 12, 2008 Just got the latest copy of Private Eye through the door and was interested to see HMFC highlighted in their 'In The City' section (the first time I can remember seeing us mentioned in the Eye). Didn't shed a whole lot of light on things, save to say that UKIO now has a negative credit rating. Sorry, should have posted this in the UKIO thread. Merge mods? Link to comment Share on other sites More sharing options...
Das Root Posted November 12, 2008 Share Posted November 12, 2008 A negative credit rating? Has ol' Vlad been stiffing his creditors? Bad Vlad!! Any chance of a type up of what they're saying? Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted November 12, 2008 Author Share Posted November 12, 2008 Growing fears over the economies and banks of the three Baltic countries have started ill-informed tongues wagging about possible problems for the Scottish Premier league club Hearts' colourful owner, Lithuanian banker Vladimir "Vlad the Impaler" Romanov. Lithuania's credit rating is slipping and its outlook is seen as negative. It was downgraded last week by Moody's. The country is said to be heading for recession and following in the path o neighbours Latvia and Estonia, which ran into difficulties even before September's global credit crisis. One of Latvia's main banks had to be nationalised last week, while Romanov's UKIO bank saw its rating downgraded by Standard & Poor's to negative in September. Last month Moody's announced it was reviewing its rating for a further downgrade. Hearts is owned by a separate Romanov company, but in September there was embarrassment when players' wages were paid late. This was blamed on an internal technicality. No doubt Romanov and his and football club are unaffected and will rise above the problems overshadowing Lithuania and the Baltic economies. Link to comment Share on other sites More sharing options...
Coco Posted November 12, 2008 Share Posted November 12, 2008 Growing fears over the economies and banks of the three Baltic countries have started ill-informed tongues wagging about possible problems for the Scottish Premier league club Hearts' colourful owner, Lithuanian banker Vladimir "Vlad the Impaler" Romanov.Lithuania's credit rating is slipping and its outlook is seen as negative. It was downgraded last week by Moody's. The country is said to be heading for recession and following in the path o neighbours Latvia and Estonia, which ran into difficulties even before September's global credit crisis. One of Latvia's main banks had to be nationalised last week, while Romanov's UKIO bank saw its rating downgraded by Standard & Poor's to negative in September. Last month Moody's announced it was reviewing its rating for a further downgrade. Hearts is owned by a separate Romanov company, but in September there was embarrassment when players' wages were paid late. This was blamed on an internal technicality. No doubt Romanov and his and football club are unaffected and will rise above the problems overshadowing Lithuania and the Baltic economies. Not much new there that hasn't been discussed on here. More interesting is that is all that Private Eye could manage to dig up on the situation at UBIG/Ukio/Hearts. Link to comment Share on other sites More sharing options...
jamboinglasgow Posted November 12, 2008 Share Posted November 12, 2008 curious, but to be fair if you read the "in the city" section of private eye in the last year you realise that is being kinder to hearts than some other clubs out there. Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted November 12, 2008 Share Posted November 12, 2008 Thing is with famous Banking names disappearing of the face of the earth (Bear Stearns etc..) in the last few months and banks in general being so badly mismanaged that their collective share prices have gone down the toilet, do you think anyone on that industry now gives a flying **** what these agencies (Moodys and Standard & Poors) have to say about anyone's rating? Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted November 12, 2008 Author Share Posted November 12, 2008 curious, but to be fair if you read the "in the city" section of private eye in the last year you realise that is being kinder to hearts than some other clubs out there. Very true, especially arsenal, chelski and pompey. Interesting to see us mentioned though. Link to comment Share on other sites More sharing options...
davieholt Posted November 12, 2008 Share Posted November 12, 2008 Thing is with famous Banking names disappearing of the face of the earth (Bear Stearns etc..) in the last few months and banks in general being so badly mismanaged that their collective share prices have gone down the toilet, do you think anyone on that industry now gives a flying **** what these agencies (Moodys and Standard & Poors) have to say about anyone's rating? IMHO opinion these agencies are a complete waste of space. They were supposed to alert the market to banking difficulties but despite all their analysis and detailed knowledge they only woke up to the realities of the credit crunch after the event ! They are very quick to downgrade now that it's too late for many. Link to comment Share on other sites More sharing options...
mickmaroon Posted November 12, 2008 Share Posted November 12, 2008 curious, but to be fair if you read the "in the city" section of private eye in the last year you realise that is being kinder to hearts than some other clubs out there. Agreed, other clubs have had a right kicking from the Eye in the last wee while. Have to say the piece on Ukio/HMFC looks like it might have been penned by Polly Filler ... Link to comment Share on other sites More sharing options...
Dusk_Till_Dawn Posted November 12, 2008 Author Share Posted November 12, 2008 Agreed, other clubs have had a right kicking from the Eye in the last wee while. Have to say the piece on Ukio/HMFC looks like it might have been penned by Polly Filler ... Tis a little bit wishy washy Link to comment Share on other sites More sharing options...
jamboinglasgow Posted November 12, 2008 Share Posted November 12, 2008 Agreed, other clubs have had a right kicking from the Eye in the last wee while. Have to say the piece on Ukio/HMFC looks like it might have been penned by Polly Filler ... if it was penned by Polly Filler it would be moaning about her useless Lithuanian Au Pair who cries at having to fix her plumbing and doesn't how privaliged she is to see what a house is like. Maybe mary Ann Bighead can give advice as she is more clever than anyone else. Link to comment Share on other sites More sharing options...
Peebo Posted November 12, 2008 Share Posted November 12, 2008 Considering how damning the Eye can be, i actually find that slightly reassuring. Link to comment Share on other sites More sharing options...
Andrew Gilbert Wauchope Posted November 12, 2008 Share Posted November 12, 2008 Thing is with famous Banking names disappearing of the face of the earth (Bear Stearns etc..) in the last few months and banks in general being so badly mismanaged that their collective share prices have gone down the toilet, do you think anyone on that industry now gives a flying **** what these agencies (Moodys and Standard & Poors) have to say about anyone's rating? Of topic a bit but where did you get the brilliant badge that is your avatar, Seymour? Are they from the guys who sell badges on Gorgie Road before the game? I don't usually stop and look. Link to comment Share on other sites More sharing options...
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