Credit Rating Downgrade

Moody's Downgrades Belgium's Credit Rating

Posted 12.16.2011

Read More: European Debt Crisis, Deficit, Credit Ratings, Video, Credit Rating Downgrade, Public Debt, Fitch, Belgium, Moody's, Business News

Moody's on Friday cut Belgium's credit ratings by two notches, saying "fragile sentiment" in the euro zone may cause funding stress for countries ...

Read Whole Story

Cyprus' Government Workers Protest Pay Freeze

AP | By MENELAOS HADJICOSTIS | Posted 12.13.2011

Read More: Interest Rates, Fiscal Deficit, Eurozone, Video, Credit Rating Downgrade, Trade Unions, Salary Freeze, Cyprus Government, Airports, Public Sector, Austerity, Business News

NICOSIA, Cyprus -- Thousands of Cyprus government workers held a three-hour strike Tuesday to protest a proposed two-year salary freeze they regard is...

Read Whole Story

Prominent Agency Keeps U.S. At Highest Credit Rating

AP | MARTIN CRUTSINGER and CHRISTINA REXRODE | Posted 10.16.2011

Read More: US Credit Rating, Fitch Credit Rating, Credit Rating Downgrade, Credit Downgrade, Standard and Poors, Credit Rating Outlook, Aaa, Fitch, Credit Rating, Moody's, Business News

WASHINGTON — Fitch Ratings said Tuesday that it would keep its rating on long-term U.S. debt at the highest grade, AAA, and said the outlook rem...

Read Whole Story

A Corrupt S&P Uses Shock Doctrine to Help Push Wall Street's Conservative Political Agenda

Miles Mogulescu | Posted 10.08.2011

Read More: US S&P Downgrade, Shock Doctrine, 2012 Elections, Credit Rating Downgrade, Aaa Credit Rating, Elections 2012, Standard & Poor's, Credit Rating Agencies, Politics News
Miles Mogulescu

S&P's opinion on debt ratings should have almost no credibility. S&P is the same private profit-making corporation that was paid tens of millions of dollars by Wall Street banks to rate its toxic subprime mortgages and derivatives, giving them phony AAA ratings.

Read Post

Police Raid Milan Offices Of Moody's And S&P

The Guardian | Posted 10.07.2011

Read More: Moody's Raid, Italy Credit Rating, Credit Rating Downgrade, Moodys, Italy Raid Moodys S&p, Standard & Poor's, S&p Raid, S&P, Debt Rating, US Credit Rating Downgrade, Moody's, Italy, Business News

As stock and bond markets across the world tumbled on fears about Italy and Spain, it emerged that police acting on orders from prosecutors had raided...

Read Whole Story

S.&P. Warns More Downgrades May Come

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

Read More: Downgrade, Credit Rating Downgrade, Credit Downgrade, Debt Ceiling, U.S. Credit Rating, Standard and Poor's, Business News

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

Read Whole Story

How to Think About Standard and Poor's Downgrade

Dean Baker | Posted 10.06.2011

Read More: Debt, Deficit, Credit Rating Agencies, Default, Social Security, S&p Downgrade, Credit Score, Credit Rating Downgrade, Standard & Poor's Downgrade, U.S. Credit Rating, Standard & Poor's, U.S. S&p Downgrade, Business News
Dean Baker

Standard and Poor's downgrade of U.S. government debt captured headlines across the country and around the world. It is a newsworthy event, but primarily as another colossal failure by a major credit rating agency.

Read Post