Tag: debt rating

• Thursday, March 14th 2024 - 19:29 UTC

  S&P downgrades Argentina's rating in local currency

  

  Despite Argentine President Javier Milei's stringent measures to curb inflation, his country took another slump Wednesday after the international credit rating agency Standard & Poor's (S&P) declared it in “Selective Default” following a domestic debt swap worth some U$S 55.3 billion in pesos with local creditors.

• Wednesday, June 18th 2014 - 08:09 UTC

  S&P and Argentina in six months: “default or distressed debt exchange”

  

  Standard & Poor's cut its rating of Argentina's long-term foreign currency debt rating to CCC- from CCC+ with a “negative” outlook. A CCC rating is defined as “currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments,” according to S&P.

• Sunday, May 22nd 2011 - 13:09 UTC

  Greece’s credit rating downgraded and risks a ‘sovereign default’

  

  Greece’s credit rating was cut on Friday three levels by Fitch Ratings, which said that even a voluntary extension of its bond maturities being studied by EU policy makers would be considered a default.

• Sunday, May 22nd 2011 - 12:58 UTC

  Standard & Poor’s ‘yellow card’ for Italy; promise of balanced budget in 2014

  

  Italy’s Treasury said it will “intensify” structural changes in the economy and push ahead with measures to balance the budget by 2014 after Standard & Poor’s said its debt rating is at risk of a downgrade.