Tag: Standard & Poor's

• Tuesday, March 26th 2024 - 12:06 UTC

  Falkland Islands' A+ rating retained, signals economic strength

  

  The Falkland Islands Government (FIG) has announced the retention of its global A+ sovereign rating by S&P Global Ratings, with a stable outlook. This rating reflects the government's strong financial capacity and prudent fiscal policies.

• 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.

• Thursday, April 27th 2023 - 10:27 UTC

  How well did Uruguay do with S&P's latest ratings?

  

  The credit rating agency Standard & Poor's Wednesday upgraded Uruguay BBB+, with a stable outlook, the highest level in the country's history, it was announced. This index reflects the level of risk involved in lending money to governments according to their economic conditions.

• Friday, March 25th 2022 - 09:45 UTC

  Falkland Islands Government retains their global S&P A+ rating

  

  The Falkland Islands Government confirmed on Thursday that, following a detailed review of updated fiscal and economic information, supported by a process of confidential interviews with FIG officers and representatives of the business community, S&P Global Ratings have confirmed the sovereign rating for the Falkland Islands remains at A+ with a stable outlook.

• Friday, December 4th 2020 - 08:56 UTC

  S&P Dow Jones will launch cryptocurrencies indices in 2021

  

  S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class.

• 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.