An international credit rating agency has lowered Italy’s bond rating two notches, likely triggering an increase in what the country will have to pay to borrow money. Italy’s rating is now two notches above junk bond status. Its the second downgrade for Italy in five months. Moody’s Investors Service lowered the bond rating for Italy,Spain […]
Showing Archived Posts
S&P Cuts Italy’s Credit Rating
Posted September 19th, 2011 at 9:35 pm (UTC-5)
Standard & Poors has cut Italy’s credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy’s rating one notch Monday — from A+ to A. S&P said the country’s shaky coalition government and differences in parliament limit Italy’s ability to act against its ballooning debt and ability to slash spending. […]
S&P Downgrades Venezuela’s Credit Rating
Posted August 19th, 2011 at 6:05 pm (UTC-5)
The rating agency Standard & Poor’s has downgraded Venezuela’s credit rating, citing the country’s political risk as a key weakness. S&P lowered the country’s sovereign currency rating once notch Friday from BB-minus to B-plus with a stable outlook. In a statement, S&P said “changing and arbitrary laws, price and exchange controls, and other distorting and […]
Factors Cited by S&P in New US Rating
Posted August 11th, 2011 at 10:30 am (UTC-5)
The international credit rating agency Standard & Poor’s says its decision to drop the status of U.S. government debt from “AAA” one level to “AA+” was based on an analysis of the same five “pillars” in the sovereign rating framework used to determine the creditworthiness of the 126 countries that S&P evaluates. The agency said […]
Rating Agencies in Spotlight Following Downgrade
Posted August 11th, 2011 at 10:25 am (UTC-5)
The recent downgrade of the U.S. government’s credit rating by the Standard & Poor’s agency has put this private company and its major rivals in the headlines. Rating agencies are supposed to help investors by evaluating the creditworthiness of nations and companies that borrow money. The highest ratings are given to those judged to be […]
Rating Agencies in Spotlight Following Downgrade
Posted August 9th, 2011 at 12:30 pm (UTC-5)
The recent downgrade of the U.S. government’s credit rating by the Standard & Poor’s agency has put this private company and its major rivals in the headlines. Rating agencies are supposed to help investors by evaluating the creditworthiness of nations and companies that borrow money. The highest ratings are given to those judged to be […]
Factors Cited by S&P in New US Rating
Posted August 8th, 2011 at 10:45 am (UTC-5)
The international credit rating agency Standard & Poor’s says its decision to drop the status of U.S. government debt from “AAA” one level to “AA+” was based on an analysis of the same five “pillars” in the sovereign rating framework used to determine the creditworthiness of the 126 countries that S&P evaluates. The agency said […]
US Credit Rating Could Drop Even if Debt Deal is Made
Posted July 27th, 2011 at 4:05 pm (UTC-5)
Financial analysts say the United States faces the loss of its top AAA credit rating even if President Barack Obama and Congress reach a deal in the next few days to raise the nation’s borrowing limit. Most analysts say the president and lawmakers will craft a last-minute deal to raise the country’s $14.3 trillion debt […]
US Credit Rating Could Drop Even if Debt Deal Agreed
Posted July 27th, 2011 at 10:05 am (UTC-5)
Financial analysts are saying that the United States faces the loss of its top AAA credit rating even if President Barack Obama and Congress reach an agreement in the next few days to raise the nation’s borrowing limit. Most analysts say they think the president and lawmakers will craft a last-minute deal to raise the […]
Moody’s Cuts Ireland’s Credit Rating to Junk
Posted July 12th, 2011 at 6:40 pm (UTC-5)
Moody’s credit rating service has cut Ireland’s rating to junk status, adding that the outlook for the Irish economy is negative. This means that, according to Moody’s, Irish government bonds are a high-risk investment. Moody’s says Ireland likely will need another international bailout. The rating service says Ireland is meeting the conditions of the loan […]
