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Standard and Poors

Debt Rating Isn't What's Sending Markets Down

AP | By CHIP CUTTER and PALLAVI GOGOI | Posted 10.07.2011 | Business

NEW YORK -- U.S. investors will have their first chance Monday to react to Standard & Poor's decision to strip the U.S. government of its top credit r...

Elise Foley

S&P Officials Blame Downgrade On 'Degree Of Uncertainty' In Politics | Elise Foley | Posted 10.07.2011 | Business

WASHINGTON -- Ratings agency Standard and Poor's defended its decision to downgrade the United States credit rating, arguing on Sunday that the downgr...

Did Pimco Play a Role In S&P's Downgrade of U.S.Debt

Raymond J. Learsy | Posted 10.07.2011 | Business
Raymond J. Learsy

On Friday S&P downgraded U.S debt from AAA to AA+, the first such downgrade in the nation's history resulting in grave concerns over the outlook for the U.S. economy. Yet simultaneously they must have been popping champagne corks at Pimco.

Sunday Roundup

Arianna Huffington | Posted 10.06.2011 | Politics
Arianna Huffington

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 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.

S.&P. Warns More Downgrades May Come

The New York Times | By NELSON D. SCHWARTZ and ERIC DASH | Posted 10.06.2011 | Business

A day after Standard & Poor’s took the unprecedented step of downgrading the creditworthiness of the United States government, the ratings agency of...

Italy Seize Documents Of Rating Agencies Over Suspected 'Anomalous' Fluctuations

Posted 10.04.2011 | Business

MILAN (Sara Rossi and Valentina Za) - Italian prosecutors have seized documents at the offices of rating agencies Moody's and Standard & Poor's in...

Credit Raters Spend $1.76 Million To Lobby Washington

AP | STEPHEN BRAUN | Posted 10.01.2011 | Business

WASHINGTON — The three major credit rating companies poised to decide whether to downgrade the nation's top-ranked debt standing are at the same...

S&P: Deficit Reduction Of $4 Trillion Would Be 'Good Downpayment'

Posted 09.27.2011 | Business

NEW YORK (Walter Brandimarte and Daniel Bases) - A U.S. deficit reduction plan that promises $4 trillion in savings over time would be a "good dow...

Greece's Credit Rating Takes Another Hit

AP | NICHOLAS PAPHITIS | Posted 09.26.2011 | World

ATHENS, Greece — Standard and Poor's on Wednesday relegated Greek government bonds to the deeper end of junk status, cutting the debt-crippled c...

U.S. Credit Rating Downgrade Looking Likely Even If Debt Ceiling Deal Is Reached

AP | AP Business Writer | Posted 09.25.2011 | Business

NEW YORK -- Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit? Market analysts and investors increasingly sa...

Credit Rating Executives To Testify Before Congress

Posted 09.25.2011 | Business

WASHINGTON - Executives from rating agencies Standard & Poor's and Moody's Investors Service are scheduled to testify on Wednesday on attempts to ...

U.S. Businesses, Wall Street Prepare For Possibility Of Downgrade, Default

Posted 09.22.2011 | Business

NEW YORK (Emily Flitter and Jennifer Ablan) - American businesses, from Wall Street banks to major industrial corporations, are preparing continge...

Peter S. Goodman

Credit Rating Agencies, Not Honest Brokers, Now Hold World's Fate | Peter S. Goodman | Posted 09.21.2011 | Business

If global finance were anything like the rest of life, no one would be paying much mind to the credit rating agencies, who have been revealed to opera...

50 Percent Chance U.S. Gets Downgraded: S&P

Posted 09.20.2011 | Business

NEW YORK (Emily Flitter and Daniel Bases) - Standard & Poor's reiterated on Thursday it sees a real risk that future U.S. government deficits may ...

Fitch Reiterates Possibility Of Downgrade If Debt Ceiling Isn't Raised

Posted 09.17.2011 | Business

NEW YORK (Daniel Bases and Caryn Trokie) - Fitch Ratings on Monday reiterated its view that if the U.S. debt ceiling is not raised prior to August...

Credit Rating Agencies Could Be Losing Grip On Financial Markets

Posted 09.17.2011 | Business

LONDON (Sinead Cruise and Tommy Wilkes) - Some of the world's largest asset managers are cutting ties to credit rating agencies, potentially signa...

Credit Rating Agency Expects More Chinese Companies To Be Investigated

AP | Posted 09.17.2011 | Business

HONG KONG -- Chinese companies will continue to be hit by corporate fraud accusations and investigations as the country struggles to improve corporate...

S&P Warns Lawmakers Of Potential Debt Limit-Related Downgrade

Posted 09.13.2011 | Business

WASHINGTON - Standard & Poor's has warned lawmakers privately that it would downgrade the country's debt if the Treasury Department is forced to p...

Fitch Downgrades Greece's Credit Rating To One Step Above Default

AP | Posted 09.12.2011 | Business

ATHENS, Greece — Greece suffered another sovereign downgrade on Wednesday, when the Fitch agency slashed its credit worthiness by three notches ...

Ireland's Credit Rating Downgraded To Junk By Moody's

Posted 09.11.2011 | Business

NEW YORK (Walter Brandimarte and Daniel Bases) - Moody's Investors Service on Tuesday cut Ireland's credit rating to junk status, saying the count...

Eurozone Seeks To Prevent Spillover Of Greek Debt Crisis

AP | GABRIELE STEINHAUSER | Posted 09.10.2011 | Business

(AP) BRUSSELS -- European officials are trying to work out a strategy Monday to prevent the eurozone's debt crisis from spilling over into bigger econ...

S&P Raises California Credit Rating To Stable

Posted 09.06.2011 | Business

NEW YORK (Edith Honan) - Standard & Poor's raised its credit outlook on California to stable on Thursday in one of the first significant pieces of...

Europe Alleges Credit Rating Agencies Are Bias Against EU

Posted 09.05.2011 | Business

BRUSSELS (Luke Baker) - Europe issued a full-throated assault on credit ratings agencies on Wednesday, saying there were signs of bias against the...

Greece Would Likely Default If It Followed French Banks' Plan: S&P

Posted 09.03.2011 | Business

ATHENS (Angeliki Koutantou) - Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, d...

S&P: U.S. Credit Rating Will Be Slashed To 'Selective Default' If It Misses Payment

Posted 08.30.2011 | Business

NEW YORK (Walter Brandimarte) - The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a...