Tag: Standard & Poor's

• Thursday, December 19th 2013 - 06:01 UTC

  Fed announces gradual conditioned tapering of stimuli from next January

  

  The U.S. Federal Reserve will start scaling back its monthly bond-buying program as early as next month, but the reduction will be gradual. The Federal Reserve has been buying 85 billion dollars a month in government bonds in an effort to keep interest rates low and boost economic growth.

• Saturday, November 9th 2013 - 18:34 UTC

  S&P downgrades France's credit rating but market reactions were contained

  

  Another setback for the French government as the rating agency Standard & Poor’s cut its appraisal of the country’s credit worthiness. It reduced its rating one notch to AA from AA+.

• Thursday, September 12th 2013 - 01:42 UTC

  S&P downgrades Argentina’s credit rating to the level Cyprus and Egypt

  

  Argentina’s long-term sovereign foreign currency credit rating was cut one level by Standard & Poor’s, which cited a US Appeals Court ruling that prevents the country from honouring its debt without also paying holders of defaulted bonds in full.

• Thursday, September 5th 2013 - 02:13 UTC

  S&P claims lawsuit is US government ‘retaliation’ for downgrading credit rating

  

  Ratings agency Standard and Poor's (S&P) has claimed the lawsuit filed against it by the US Justice Department was “retaliation” against its decision to downgrade the US's credit rating.

• Saturday, April 6th 2013 - 04:02 UTC

  S&P strong warning to UK on continuing negative outlook for the economy

  

  Credit rating agency Standard & Poor's has reaffirmed its triple-A rating for the UK, but warned of the continuing negative outlook for the economy. S&P said it may downgrade the UK from the highest rating in the future if economic conditions worsened.

• Friday, March 8th 2013 - 07:58 UTC

  Uruguay completes investment-grade ‘triple crown’ from the three big credit rating agencies

  

  Uruguay finally managed on Thursday to achieve investment grade debt rating from the three major agencies when Fitch raised the country’s rating to BBB-minus from BB-plus, citing economic resilience as well as the political and social stability of the country, squeezed between Brazil and Argentina.

• Tuesday, February 5th 2013 - 01:49 UTC

  US government to sue Standard & Poor’s over 2007 mortgage-bonds assessments

  

  Standard & Poor's says it is to be sued by the US government over the credit ratings agency's assessment of mortgage bonds before the financial crisis. The civil lawsuit would focus on S&P high ratings in 2007 for some mortgage-backed securities that later collapsed in value, said the agency.

• Sunday, November 4th 2012 - 06:40 UTC

  Argentina private sector increasingly isolated from foreign money markets

  

  Earlier in the week Standard & Poor’s ratings services lowered to ‘B-’ from ‘B’ its unsolicited long-term sovereign credit rating on Argentina and on Friday the ratings agency said it is taking a similar rating actions on four Argentine banks and 16 Argentine corporations.

• Wednesday, October 31st 2012 - 04:44 UTC

  S&P lowers Argentina’s rating, as credit-default insurance soars to highest in the world

  

  Argentina’s credit rating was cut one level by Standard & Poor’s, which referred to a US appeals court ruling that prevents the country from honouring its debt without also paying holders of its defaulted bonds.

• Wednesday, October 31st 2012 - 04:00 UTC

  Fitch Ratings downgrades Argentine bonds following Judge Griesa ruling

  

  Fitch Ratings has placed Argentina's Long-term foreign currency Issuer Default Rating (IDR) of 'B', Short-term IDR of 'B' and the international bonds issued under New York Law on Rating Watch Negative (RWN).