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Credit Rating

So What Happened?

Jerry Jasinowski | Posted 10.11.2011 | Business
Jerry Jasinowski

Basically, we are witnessing a re-pricing of asset values to reflect the reality of the liquidity crisis of Europe and a global economic slowdown.

And the Bands Played On

Bernard Rowan | Posted 10.10.2011 | World
Bernard Rowan

Whilst the Democrats and Republicans rail away at each other, and whilst the Mayor of London, Prime Minister, and all manner of others denounce thuggery and yobs, I am struck by troubling parallels that face America and Britain.

Federal Budget Deficit Puts Pressure On White House, Congress

AP | MARTIN CRUTSINGER | Posted 10.10.2011 | Politics

WASHINGTON — The United States' budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House...

Downgrade S&P Status to "Amateur"

Dagobert L. Brito | Posted 10.09.2011 | Business
Dagobert L. Brito

The fact that the rating agency Standard & Poor's downgraded the U.S. credit rating from AAA to AA+ a few hours after the Treasury discovered a two trillion (!) dollar error in their calculations suggests that their "economic analysis" was just window dressing to a publicity stunt.

Stock Of S&P's Parent Company Tumbles Following Downgrade

AP | Posted 10.08.2011 | Business

NEW YORK (AP) -- McGraw-Hill took a little friendly fire Monday, seeing its stock tumble nearly 8 percent after its Standard & Poor's agency downgrade...

Super Congress Vs. Justice League

Robert Brenner | Posted 10.08.2011 | Comedy
Robert Brenner

In their secret underground headquarters, far beneath Capital Hill, the Super Congress gathers to deliberate...

Are Rating Agencies Acting in the Name of God?

Georges Ugeux | Posted 10.08.2011 | Business
Georges Ugeux

There is something fundamentally wrong in the rating agencies' approach: they unilaterally redefined their role from doing their job -- assessing the ability of sovereign issuers to service their debt -- to rating countries.

Paul Krugman: 'No Reason To Take Downgrade Seriously'

New York Times | Paul Krugman | Posted 10.08.2011 | Business

To understand the furor over the decision by Standard & Poor’s, the rating agency, to downgrade U.S. government debt, you have to hold in your mind ...

U.S. Dollar Hits Record Low Against Swiss Franc

AP | Posted 10.08.2011 | Business

GENEVA -- The U.S. dollar has hit a record low against the Swiss franc of 0.7485 centimes to the dollar – a drop of almost 30 percent from a yea...

Why S&P Has No Business Downgrading the U.S.

Robert Reich | Posted 10.06.2011 | Business
Robert Reich

If Standard & Poor's had done its job over the last decade, today's budget deficit would be far smaller and the nation's future debt wouldn't look so menacing.

Dan Froomkin

U.S. Credit Downgrade's Direct Effect Could Be Negligible, History Suggests | Dan Froomkin | Posted 10.06.2011 | Business

WASHINGTON -- The downgrade of the U.S.'s AAA credit rating by Standard & Poor's on Friday may end up having little to no effect on interest rates for...

William Alden

U.S. Credit Downgrade Darkens Economic Outlook | William Alden | Posted 10.06.2011 | Business

NEW YORK -- With the United States government now shorn of its top credit rating by Standard & Poor's, experts are increasingly worried that the Ameri...

Countries With Higher Credit Ratings Than The U.S.

Posted 10.06.2011 | Business

On Friday, Standard and Poor's downgraded the credit of the United States for the first time in history, leaving only thirteen countries in the world ...

Credit Downgrade for Dummies

Jonathan_Miller | Posted 10.06.2011 | Politics

We have not reached financial Armageddon. But unless Congress immediately begins to address our financial debt in a meaningful, bipartisan way, our economy will suffer a devastating blow.

U.S. Downgrade Heralds A New Financial Era

PIMCO | Mohamed A. El-Erian | Posted 10.06.2011 | Business

There will be endless debate on whether S&P, the rating agency, was justified in stripping America of its AAA rating and — adding insult to injury ...

China Blasts U.S. Over Credit Rating Downgrade, Debt 'Addiction'

AP | By ALEXA OLESEN | Posted 10.06.2011 | Business

BEIJING -- China, the largest foreign holder of U.S. debt, demanded Saturday that America tighten its belt and confront its "addiction to debts" in th...

Moody's: U.S. Will Keep Top Credit Rating

Posted 10.02.2011 | Business

(Updates with more detail from Moody's) NEW YORK (Reuters) - Moody's Investors Service Tuesday confirmed its Aaa rating of the United States, c...

Fitch: U.S. Will Retain Its Top Credit Rating

Posted 10.02.2011 | Business

NEW YORK (Daniel Basses) - Fitch Ratings said on Tuesday the agreement to raise the borrowing capacity of the United States means the risk of a so...

Tim Geithner: 'Hard To Tell' If U.S. Will Avoid Credit Downgrade

Posted 10.02.2011 | Business

WASHINGTON - U.S. Treasury Secretary Timothy Geithner said he is not sure whether the bitterly fought debt agreement to be considered Tuesday by t...

Tea Party's War on America

New York Times | JOE NOCERA | Posted 10.02.2011 | Business

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people. Their intransig...

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...

After the Debt Ceiling, What's Next?

Francine Hardaway | Posted 09.30.2011 | Politics
Francine Hardaway

Few people are concerned about the elderly, the poor, and the sick. Rather, this debt deal, like everything else, is driven by fear of disturbing the Asian markets. We are worrying about the downgrade, not the citizens

Moody's: U.S. Should Retain Top Credit Rating If Bondholders Get Paid

AP | MARTIN CRUTSINGER | Posted 09.28.2011 | Business

WASHINGTON — Moody's Investors Service said late Friday that the United States should be able to keep its triple-A credit rating as long as Wash...

The Damage Has Been Done

Robert Steven Kaplan | Posted 09.28.2011 | Business
Robert Steven Kaplan

For those who are fretting that the budget negotiations will "break down," they can stop worrying. Much of the damage from the debt ceiling debate has already been done and we are already experiencing the ramifications.

Greece's Dismal Economy Leaves Some Feeling They've Lost 'Quality As A People'

The Huffington Post | Harry Bradford | Posted 09.28.2011 | Business

A sovereign debt crisis has left Greece with riots and the worst credit rating in the world. And day-to-day life outside the capital can be equally di...