The Falkland Islands Government (FIG) published its annual financial statements for the financial year ending 30 June 2021. The statements have been reviewed by external auditors, Mazars LLP, who provided an unqualified and independent opinion that the documents present a true and fair view, and are free from material misstatement.
Argentina's credit rating was lifted up from default 'SD' to 'CCC+' with a stable outlook after the country concluded restructuring its foreign currency debt, S&P Global Ratings said in a statement on Monday.
S&P Global Ratings raised its debt grade for Argentina on Tuesday, acknowledging the agency made a mistake when it changed the rating in late December for the crisis hit country.
Argentina’s credit rating was downgraded to near-default status by two of the biggest global rating companies, Fitch Ratings, and S&P Global after the government said it would delay payments on its short term dollar-denominated local debt.
Rating agency Standard & Poor’s (S&P) slashed the credit rating for Mexico’s national oil company Petroleos Mexicanos, or Pemex, piling more pressure on the government to tighten up the debt-laden oil firm’s finances.
The S&P 500 suffered its biggest daily percentage drop in nearly four years and the Dow confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors around the world.