Tag: Standard & Poor's

• Thursday, September 1st 2011 - 01:13 UTC

  S&P upgrades Paraguay’s rating on greater revenue from the Itaipú dam

  

  Standard & Poor's ratings services upgraded Mercosur member Paraguay's credit status a notch after the country reached an agreement with neighboring Brazil to take more revenue from the shared Itaipú hydroelectric complex, the world’s largest operational dam.

• Wednesday, August 31st 2011 - 09:03 UTC

  Humala becomes Wall Street ‘darling boy’, and S&P raises Peru’s foreign debt rating

  

  Peru had its foreign debt rating raised one level by Standard & Poor’s, which said it expects recently elected President Ollanta Humala to continue policies that support the country’s economic expansion.

• Saturday, August 27th 2011 - 07:09 UTC

  S&P upgrades Brazil’s ratings based on “good long-term growth prospects”

  

  Brazil local-currency credit rating is being reviewed for an upgrade by Standard & Poor’s, which cited the country’s economic stability. The rating was affirmed at BBB+, the third-lowest investment grade, S&P said in a statement.

• Tuesday, August 23rd 2011 - 06:33 UTC

  After effects of downgrading US credit rating: KO for S&P president

  

  Standard & Poor's (S&P) president Deven Sharma has stepped down just weeks after the agency downgraded the US credit rating. He will be replaced by Douglas Peterson, chief operating officer of Citibank with effect from 12 September, the agency said.

• Monday, August 22nd 2011 - 07:22 UTC

  Chavez health and ‘arbitrary laws’ make S&P downgrade Venezuela’s rating

  

  US ratings agency Standard & Poor's downgraded Venezuela's foreign and local currency sovereign ratings by one notch Friday, citing the country's political risk as a credit weakness.

• Monday, August 8th 2011 - 20:32 UTC

  Moody’s repeats downgrade warning by 2013 if US does not cut budget deficit

  

  Ratings agency Moody's repeated a warning Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.

• Monday, August 8th 2011 - 19:52 UTC

  Obama calls for ‘political will’ to address situation; ‘US will always be triple-A’

  

  Stock markets extended their heavy losses on Monday despite US President Barack Obama moving to try to reassure investors. In his first public reaction to Standard & Poor's downgrading the US, President Obama said markets continued to regard US government debt as being the highest possible grade.

• Monday, August 8th 2011 - 04:33 UTC

  Brazil remains faithful to the dollar and has no plans to sell US Treasuries

  

  Brazil has no plans to sell US Treasuries or change its foreign currency reserves holdings as a result of Standard & Poor’s downgrade of the US’s credit rating, a government official said.

• Monday, August 8th 2011 - 04:14 UTC

  China warns US on ‘debt addiction’; demands global supervision of dollar issues

  

  Beijing bluntly criticized the United States after the superpower's credit rating was downgraded, saying the “good old days” of borrowing were over. S&P cut the US long-term credit rating from top-tier AAA by a notch to AA-plus on yesterday, over concerns about the nation's budget deficits and climbing debt burden.

• Saturday, August 6th 2011 - 08:10 UTC

  The unthinkable has happened: S&P downgrades the US credit rating

  

  One of the top credit rating agencies, Standard & Poor's, has downgraded the United States' top-notch AAA rating for the first time ever. S&P cut the long-term US rating by one notch to AA+ with a negative outlook, citing concerns about budget deficits.