Tag: Standard & Poor's

• Saturday, March 28th 2020 - 08:34 UTC

  S&P downgrades Mexico and oil giant Pemex credit ratings

  

  S&P downgraded Mexico’s credit rating on Thursday as the coronavirus pandemic and a hit to state oil firm Pemex from plunging crude prices battered the growth outlook and piled pressure on the government to lift the struggling economy.

• Wednesday, January 8th 2020 - 09:49 UTC

  S&P admits a mistake and raised its debt grade for Argentina to CCC

  

  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.

• Friday, December 6th 2019 - 08:52 UTC

  Brazilian government optimistic about reforms and the economy's performance forecast

  

  The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.

• Saturday, August 31st 2019 - 17:54 UTC

  The “Amazon fires of uncertainty” in Argentina: can they get worse?

  

  Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds. Risk spreads blew out to levels not seen since 2005 while the local peso currency extended its year-to-date slide to 36%, forcing renewed central bank market intervention and intensifying worries about Argentina’s ability to honor its dollar-denominated debt.

• Friday, August 30th 2019 - 09:58 UTC

  S&P declares that Argentina's extension of maturities implies a “selective default”

  

  Credit risk agency Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default.

• Saturday, August 3rd 2019 - 07:19 UTC

  S&P retained its 'B' rating for Argentine debt

  

  Standard & Poor's (S&P) confirmed it would maintain its 'B' rating for Argentine debt, highlighting that the president Mauricio Macri administration was continuing to meet the goals laid out by the International Monetary Fund (IMF) as part of the huge credit line agreed last year.

• Tuesday, July 16th 2019 - 10:51 UTC

  US qualifies Uruguay as a safe country to invest but warns about union power

  

  A report issued by the United States Department of State on the investment climate in Uruguay on Monday analyzed the legal, political and economic aspects of the country. On the one hand, it stands the legal security, the free movement of capital, the preferential regimes and the investment grade. On the other, it warns about aspects such as labor relations, the power of unions, the advantage of public companies and the increase of problems in education and security.

• Wednesday, March 6th 2019 - 08:44 UTC

  S&P slashes credit rating of several leading Mexican companies including national oil Pemex

  

  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.

• Tuesday, November 13th 2018 - 11:18 UTC

  S&P downgrades Argentina's long term sovereign debt from “B+” to “B”

  

  Standard & Poor's on Monday downgraded Argentina's sovereign long term credit rating from “B+” to “B” and reviewed the country's debt prospects to “stable”, following on the “negative” review from last August.

• Saturday, October 27th 2018 - 09:01 UTC

  S&P lowers Italy's outlook to negative; criticizes Rome's economic and fiscal policies

  

  Standard & Poor’s on Friday left Italy’s sovereign debt rating unchanged but lowered its outlook to negative from stable, saying that the new government’s policy plans were weighing on the country’s growth and debt prospects.