Tag: Standard & Poor's
Standard & Poor'sS&P downgrades Repsol’s rating; sees no compensation payment in near-term
Rating Agency S&P announced on Thursday it was downgrading Spain-based energy company Repsol-YPF after Argentina’s government announced the expropriation of 51% of its shares. The rating was lowered from BBB to BBB (minus), the agency said in a statement.
A decade later S&P lifts Uruguay’s rating to investment grade
Uruguay’s credit rating was raised one level by Standard & Poor’s, which means the country has returned to investment grade for the first time in a decade.
S&P and Fitch downgrade Spain’s top banks: Santander and BBVA
Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA were among 15 Spain-based financial firms downgraded by Standard & Poor's after the credit-ratings company reduced the nation's grade last month.
S&P likely to downgrade Greece’s rating to “selective default”
Standard & Poor's will likely downgrade Greece's ratings to “selective default” when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, an official with the ratings agency said on Tuesday.
S&P downgrades the European Stability Facility but willing to reconsider
Credit ratings agency Standard and Poor’s downgraded the European Financial Stability Facility (EFSF) from “AAA” to “AA+,” although it does not rule out it would increase it again if it bolsters its funds, according to a communiqué released on Monday.
Merkel insists EU must seal a pact to tighten fiscal rules
Ratings downgrades in the Euro zone by S&P underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said on Saturday.
S&P downgrades France’s rating; Greek swap talks on hold; Euro hits new low
Stock markets and the Euro traded lower Friday as Greek debt swap talks were put on hold and France’s Finance minister confirmed that Standard & Poor’s has downgraded the country’s credit rating.
S&P downgrade warning, “the best news” to find an EU solution, says Schaeuble
German Finance Minister Wolfgang Schaeuble said Standard & Poor’s downgrade warning for 15 Euro- area governments will spur European leaders to double efforts to resolve the debt crisis at the Dec. 8-9 summit.
S&P reduces credit ratings of big US/EU banks following overhaul of criteria
Standard & Poor's reduced on Tuesday its credit ratings on several big banks in the United States and Europe as the result of a sweeping overhaul of its ratings criteria.
S&P upgrades Brazil’s long-term foreign currency sovereign credit rating
Standard and Poor's Corp said Thursday it was upgrading the credit rating of Brazil by one notch to BBB, adding that the upgrade reflected the country’s increasing capacity to hold up against the overall deterioration in the global economic outlook.
