Tag: Standard & Poor's

• Friday, January 13th 2012 - 21:18 UTC

  S&P downgrades France’s rating; Greek swap talks on hold; Euro hits new low

  

  Stock markets and the Euro traded lower Friday as Greek debt swap talks were put on hold and France’s Finance minister confirmed that Standard & Poor’s has downgraded the country’s credit rating.

• Wednesday, December 7th 2011 - 01:54 UTC

  S&P downgrade warning, “the best news” to find an EU solution, says Schaeuble

  

  German Finance Minister Wolfgang Schaeuble said Standard & Poor’s downgrade warning for 15 Euro- area governments will spur European leaders to double efforts to resolve the debt crisis at the Dec. 8-9 summit.

• Wednesday, November 30th 2011 - 05:53 UTC

  S&P reduces credit ratings of big US/EU banks following overhaul of criteria

  

  Standard & Poor's reduced on Tuesday its credit ratings on several big banks in the United States and Europe as the result of a sweeping overhaul of its ratings criteria.

• Friday, November 18th 2011 - 06:07 UTC

  S&P upgrades Brazil’s long-term foreign currency sovereign credit rating

  

  Standard and Poor's Corp said Thursday it was upgrading the credit rating of Brazil by one notch to BBB, adding that the upgrade reflected the country’s increasing capacity to hold up against the overall deterioration in the global economic outlook.

• Wednesday, October 19th 2011 - 16:33 UTC

  Great China (Beijing, HK, Singapore, Taiwan) reducing holdings of US debt

  

  China has reduced its holdings of US debt to their lowest level in a year, after the US's credit rating was downgraded by Standard & Poor's (S&P). China sold 36.5bn dollars in US Treasuries or bonds to cut its holding to 1.137bn in August, latest data by the US Treasury Department showed.

• Monday, October 3rd 2011 - 21:33 UTC

  S&P tells UK to stick to plans to cut budget deficit if not credit ratings could be reviewed

  

  Britain's prized triple-A sovereign debt rating could come under pressure if the government strays from its path of public deficit cuts in the face of weaker growth, credit agency Standard & Poor's said on Monday.

• Tuesday, September 27th 2011 - 04:56 UTC

  S&P faces first action by US government against a major credit rating agency

  

  United States regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured.

• Wednesday, September 21st 2011 - 05:54 UTC

  “Negative political considerations” downgraded Italy’s rating says Berlusconi

  

  Italian Prime Minister Silvio Berlusconi was quick to reject a long-feared assessment from ratings agency Standard & Poor’s that saw Italy’s credit rating downgraded by one notch on Tuesday.

• Tuesday, September 13th 2011 - 02:22 UTC

  S&P maintains Argentina’s rating stable at “B”, supported by strong surplus

  

  Standard & Poor’s reported that Argentina’s rating remains as “B” (global scale, local and foreign currency) and “raAA” (national scale for Argentina).

• Thursday, September 8th 2011 - 06:00 UTC

  S&P met privately large bond investors suggesting the US debt downgrade, says WSJ

  

  Ratings agency Standard & Poor's officials privately met with large bond-investors weeks before the firm's US debt downgrade, leaving some believing the chance of a rating downgrade was higher than they had previously thought, the Wall Street Journal said.