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Downgrades

Spanish Economy In 'Crisis Of Huge Proportions'

Reuters | Posted 06.26.2012 | Business

* S&P downgrades Spanish government debt * Unemployment rate rises more than expected * Retail sales continue to sli...

Italian Banks Get Mass Downgrade From S&P

Posted 12.18.2011 | Business

Standard & Poor's on Tuesday downgraded 24 Italian banks and financial institutions, citing renewed "market tensions" and lower economic growth pr...

Brazil Earns Credit Upgrade Due To Sound Policies

Posted 08.20.2011 | Business

RIO DE JANEIRO (Stuart Grudgings) - Moody's Investors Service upgraded Brazil's sovereign credit rating on Monday, giving a vote of confidence to ...

Employers Cut Pay, Hours For Those Still On The Job

New York Times | Posted 05.25.2011 | Business

In recent decades, layoffs were the standard procedure for shrinking labor costs. Reducing the wages of those who remained on the job was considered d...