Glossary entry (derived from question below)
English term or phrase:
AA NEW/S4 rating
Spanish translation:
calificación AA NUEVO/ S4
Added to glossary by
Carmen Cuervo-Arango
Jan 26, 2004 21:23
20 yrs ago
3 viewers *
English term
Spain
31 year experience full time translator
Native in: Spanish
Works in: English to Spanish, Italian to Spanish
AA NEW/S4 rating
English to Spanish
Bus/Financial
Investment / Securities
The portfolio holds a AA NEW/S4 rating from Standard & Poor’s
Sé que Standard & Poor’s es una agencia calificadora y que otorga un rating o calificación a los fondos, según sus características (A, AA, etc.). También he visto que el S4 corresponde a los fondos que poseen una sensibilidad media-alta a los cambios en las condiciones de mercado... pero este NEW aquí me despista. ¿Se trata de que la calificación S4 es nueva?
Otros ejemplos de Internet:
http://www.fidelity.com.hk/docs/bm_euro_hy_rating.pdf
Fidelity Funds – European High Yield Fund is AA NEW S4 rated
by Standard & Poor’s Fund Management
We are delighted to be able to inform you that Fidelity Funds – European High Yield Fund, managed
by Ian Spreadbury, has achieved an AA NEW S4 rating by Standard & Poor’s Fund Management.
(...) This disciplined risk -aware investment approach and the strengths of the team allow
the fund to achieve a AA (new)/S4 S&P rating.” (Fund measured against the peer group Fixed
Income Europe High Yield)
Sé que Standard & Poor’s es una agencia calificadora y que otorga un rating o calificación a los fondos, según sus características (A, AA, etc.). También he visto que el S4 corresponde a los fondos que poseen una sensibilidad media-alta a los cambios en las condiciones de mercado... pero este NEW aquí me despista. ¿Se trata de que la calificación S4 es nueva?
Otros ejemplos de Internet:
http://www.fidelity.com.hk/docs/bm_euro_hy_rating.pdf
Fidelity Funds – European High Yield Fund is AA NEW S4 rated
by Standard & Poor’s Fund Management
We are delighted to be able to inform you that Fidelity Funds – European High Yield Fund, managed
by Ian Spreadbury, has achieved an AA NEW S4 rating by Standard & Poor’s Fund Management.
(...) This disciplined risk -aware investment approach and the strengths of the team allow
the fund to achieve a AA (new)/S4 S&P rating.” (Fund measured against the peer group Fixed
Income Europe High Yield)
Proposed translations
(Spanish)
| 5 | AA (nuevo)/S4 |
Miguel Llorens
|
| 4 | clasificación AA nueva/s4 |
Sergio Aguirre
|
Proposed translations
1 hr
Miguel Llorens
Native in Spanish
Specializes in field
Experienced financial translator
Native in: Spanish
Works in: English to Spanish, French to Spanish, Spanish, and 1 more.
Related KudoZ points
:
32
Selected
AA (nuevo)/S4
El "new" no se refiere a un sistema nuevo de ratings sino a que el fondo en cuestión tiene menos de tres años de existencia.
S&P Fund Research Rating AA(new)* Funds less than 3 years old are not eligble for S&P star rankings
http://www.franklintempleton.co.uk/uk/jsp_cm/funds/fdata/321...
S&P Fund Research Rating AA(new)* Funds less than 3 years old are not eligble for S&P star rankings
http://www.franklintempleton.co.uk/uk/jsp_cm/funds/fdata/321...
4 KudoZ points awarded for this answer.
Comment: "Muchas gracias, Miguel. El cliente me confirmó que esta interpretación era perfecta... ¡como de costumbre!
Gracias también a los demás por vuestra ayuda"
1 hr
Sergio Aguirre
Mexico
Mexico
Native in Spanish
Mexico
Intelligent Translations & Proofreading
Native in: Spanish 
Works in: English to Spanish
Related KudoZ points
:
3
clasificación AA nueva/s4
Indicaría que AA no cambio y S4 es nueva.
The rating system developed by Standard & Poor’s, Moody’s Investors Service has four groups in the first category of bonds – investment bonds considered to be highly reliable (“AAA”, “AA” and “BBB”). Then there are five groups of the second category of bonds with the same structure. The probability of fulfilling the assumed responsibility by bond issuers are estimated at a lower level than with the investment bonds even in the favorable economic situation (“BB”, “B”, “CCC”, “CC” and “C”). Lately, additional “+” and “-” are used in the Standard & Poor’s, rating system, and “1” – in Moody’s system.
http://www.adm.samara.ru/en/content/15/15/1473
Standard & Poor's
volatility rating scale ranges from 'S1' (low
sensitivity) to 'S6' (highest sensitivity) and
provides a current assessment of a
fixed-income fund's sensitivity to changing
market conditions. Funds rated 'S2' possess
low to moderate sensitivity to changing market
conditions.
http://www.bam.bm/PDFs/US$%20BOND%200603.pdf
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Note added at 1 hr 1 min (2004-01-26 22:24:40 GMT)
--------------------------------------------------
O bien, nueva clasificación AA/S4
--------------------------------------------------
Note added at 1 hr 1 min (2004-01-26 22:25:15 GMT)
--------------------------------------------------
O bien, nueva clasificación AA/S4
The rating system developed by Standard & Poor’s, Moody’s Investors Service has four groups in the first category of bonds – investment bonds considered to be highly reliable (“AAA”, “AA” and “BBB”). Then there are five groups of the second category of bonds with the same structure. The probability of fulfilling the assumed responsibility by bond issuers are estimated at a lower level than with the investment bonds even in the favorable economic situation (“BB”, “B”, “CCC”, “CC” and “C”). Lately, additional “+” and “-” are used in the Standard & Poor’s, rating system, and “1” – in Moody’s system.
http://www.adm.samara.ru/en/content/15/15/1473
Standard & Poor's
volatility rating scale ranges from 'S1' (low
sensitivity) to 'S6' (highest sensitivity) and
provides a current assessment of a
fixed-income fund's sensitivity to changing
market conditions. Funds rated 'S2' possess
low to moderate sensitivity to changing market
conditions.
http://www.bam.bm/PDFs/US$%20BOND%200603.pdf
--------------------------------------------------
Note added at 1 hr 1 min (2004-01-26 22:24:40 GMT)
--------------------------------------------------
O bien, nueva clasificación AA/S4
--------------------------------------------------
Note added at 1 hr 1 min (2004-01-26 22:25:15 GMT)
--------------------------------------------------
O bien, nueva clasificación AA/S4
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