S&P Warns It May Cut 'Highly Rated' G20 Countries On Healthcare Spending
* Ratings of some developed nations at risk due to rising welfare costs * Rapidly ageing populations mean more healthcare costs in fu...
* Ratings of some developed nations at risk due to rising welfare costs * Rapidly ageing populations mean more healthcare costs in fu...
Vitaliy N. Katsenelson | Posted 10.08.2011
I have received many emails and a few calls from friends, asking one question: What are the consequences of the downgrade? So I decided to put my thoughts on paper.
HuffingtonPost.com | Jason Linkins | Posted 10.09.2011
Ordinary people in America have probably noticed that over the past three years, the economy has been, for the lack of a better term, "FUBAR." Even if...
Arianna Huffington | Posted 10.06.2011
This week, the United States had its credit rating downgraded from AAA to AA-plus, making our nation the financial equivalent of the short, fat, bald, masked guy in those FreeScore.com commercials. In announcing the downgrade, Standard & Poor's cited "the difficulties of bridging the gulf between the political parties" over reducing the deficit, and indicated they wanted even more spending cuts from Congress -- joining the misguided consensus that completely misses the fact that economic growth is the most powerful weapon against the deficit. The White House challenged S&P's analysis, claiming it was off by trillions of dollars. Maybe the ratings agency was using the same math it had when it helped create the fiscal crisis we are still struggling to get out of by awarding AAA ratings to trillions of dollars in subprime mortgages repackaged as securities.
HuffingtonPost.com | William Alden | Posted 06.14.2011
NEW YORK -- The major credit rating agencies repeatedly sold out to Wall Street banks, so addicted to short-term profits that they sacrificed the accu...
Reuters | Kevin Drawbaugh | Posted 05.25.2011
March 15, 2011 12:18:29 AM By Kevin Drawbaugh WASHINGTON (Reuters) - Congressional Republicans on Wednesday will stage their first outright ...
HuffingtonPost.com | Christina Marie Fierro | Posted 05.25.2011
Senator Al Franken's proposed Credit Rating Agency Board will reward the most "accurate" credit rating agencies with more accounts, but the panel's me...
AP | Posted 05.25.2011
NEW YORK — Standard & Poor's Ratings Services said Friday it has revised its outlook on CBS Corp. to "stable" from "negative," to reflect the me...
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
The giant credit rating agency Standard & Poor's issued a stark warning Tuesday to creditors of Citigroup and Bank of America, two firms that up until...
bloomberg.com | Shamim Adam and Francine Lacqua | Posted 05.25.2011
New York University Professor Nouriel Roubini said stock markets may drop and billionaire George Soros warned the "bankrupt" U.S. banking system will ...
Editor and Publisher | Posted 05.25.2011
Amidst a credit freeze that has driven debt-laden newspaper chains further into junk credit ratings as they renegotiate with lenders, Standard & Poor'...
Reuters | Posted 03.31.2012