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Standard Poors

The Criminal Childishness of Those Who Believe in the Triple A

Bernard-Henri Lévy | Posted 03.19.2012 | Business
Bernard-Henri Lévy

Could we be living in an era of such madness, one that has lost its compass and its points of reference to such an extent that this affair of one of the three major rating agencies' withdrawal of America's and then France's triple "A" has taken on such importance?

Europe Bailout Fund Chief: 'No Need To Do Anything' About Downgrade

Reuters | Posted 03.17.2012 | Business

By Kevin Lim and Emily Kaiser SINGAPORE, Jan 17 (Reuters) - The head of Europe's bailout fund said on Tuesday that Sta...

The S&P and the EU: Timing Is Everything

Adam Levin | Posted 03.16.2012 | Business
Adam Levin

In keeping with a tradition firmly established in the 20th century, Europe suffered a late-night bombing raid on Friday evening.

France To Pursue Budget Reforms Following Downgrade

AP | By ANGELA CHARLTON | Posted 01.14.2012 | Business

PARIS -- France's prime minister said Saturday his country will push ahead with cost-cutting measures after its top-tier debt rating was downgraded, a...

Do Friday's European Downgrades Matter?

Mohamed A. El-Erian | Posted 03.14.2012 | Business
Mohamed A. El-Erian

The chatter on Friday's downgrades of European sovereign ratings debt is all over the place. Here is an attempt to provide a guide to the multifaceted implications.

Bonnie Kavoussi

S&P Downgrades France And Italy As Investors Avoid Eurozone | Bonnie Kavoussi | Posted 01.14.2012 | Business

Standard & Poor's Ratings Services slashed the credit ratings of nine eurozone countries on Friday, marking a deterioration in confidence in the troub...

Downgrading the Big Three

Jeff Greene | Posted 03.14.2012 | Business
Jeff Greene

Standard and Poor's, Moody's, and Fitch -- also known as The Big Three -- lost much of their credibility as they failed to act as reliable brokers of information and played a big part in creating the economic crisis that began in 2007. In effect, the market has downgraded them.

What Does a France Downgrade Mean for Europe?

Elena Panaritis | Posted 03.14.2012 | Business
Elena Panaritis

We need to prove that the European Union is made of countries with a flexible yet robust productive base capable to innovate, attract new ideas and boost entrepreneurship.

Fitch Calls Italy The 'Front Line' Of Europe's Debt Crisis

AP | By PAN PYLAS | Posted 01.10.2012 | Business

LONDON -- A number of euro countries, including Italy, could see their credit ratings downgraded by the end of this month as they struggle to cope wit...

S&P Puts Sears On Review For Downgrade After Retailer Announces Major Store Closures

Posted 12.29.2011 | Business

Standard & Poor's placed Sears Holdings Corp's credit rating on review for a possible downgrade on Wednesday, saying the retailer's plan to close ...

Credit Agency Warns Debt Could Lead To U.S. Downgrade

Posted 12.22.2011 | Business

NEW YORK (Daniel Bases) - Fitch Ratings on Wednesday warned again that the United States' rising debt burden was not consistent with maintaining t...

Hungary's Credit Rating Downgraded To Junk By S&P

AP | The Associated Press | Posted 02.20.2012 | Business

Standard & Poor's Ratings Services on Wednesday downgraded Hungary's credit rating to "junk" level because of worries about proposed policy changes re...

LIVE UPDATES: After Resolution, A Flood Of Bad News Out Of Europe

AP | SHAWN POGATCHNIK | Posted 02.15.2012 | Business

DUBLIN — Alarming financial news flowed out of Europe in a torrent Friday, just a week after the EU leaders struck a deal they thought would con...

U.S. Stocks Slide After Big European Announcement

AP | MATT CRAFT | Posted 02.07.2012 | Business

NEW YORK — Financial markets slumped Thursday after the head of Europe's central bank dashed hopes that the bank was preparing to help extinguis...

S&P Downgrades Last Triple-A Rated Bank

Posted 11.30.2011 | Business

Dutch cooperative bank Rabobank lost its cherished triple-A rating from Standard & Poor's as the global banking crisis finally caught up with the ...

Fitch Lowers Outlook On U.S. Credit Rating

AP | MARTIN CRUTSINGER | Posted 01.28.2012 | Business

WASHINGTON — Fitch said Monday that it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel's failur...

Investors Can Sue S&P In German Court Over Lehman

Posted 11.28.2011 | Business

A German regional court has opened the door to an investor law suit against credit rating agency Standard & Poor's over its assessment of Lehman B...

Federal Judge: Credit Ratings Not Always Protected Under First Amendment

Posted 11.26.2011 | Business

(Jonathan Stempel) - A federal judge has said credit ratings are not always protected opinion under the First Amendment, a defeat for credit ratin...

China's Slowing Factory Production Fuels Fears Of Global Recession

Posted 11.23.2011 | Business

(Koh Gui Qing) - China's factory sector shrank the most in 32 months in November on signs of domestic economic weakness, a preliminary PMI survey ...

A Fateful Weekend for U.S. Fiscal Stability

Bill George | Posted 01.22.2012 | Politics
Bill George

The fate of the fiscal stability of the United States was sealed on the weekend of December 4-5, 2010.

S&P: Despite Supercommittee Fail, U.S. Credit Rating Safe

AP | By MARTIN CRUTSINGER | Posted 11.22.2011 | Business

WASHINGTON -- Credit rating agency Standard & Poor's says it will not downgrade the U.S. government's credit rating because a Congressional committee ...

Super Committee Failure Could Rattle Markets

Posted 11.21.2011 | Business

A brutal year for global investors may get even worse this week if Congress proves yet again it is too bitterly divided to deliver on its promise ...

Moody's: Super Committee Failure Would Not Lead To Automatic Downgrade

Posted 01.02.2012 | Business

NEW YORK (Walter Brandimarte) - Failure by a U.S. congressional committee to agree on $1.5 trillion in budget deficit cuts would be negative, but ...

Jason Linkins

If EU Bans Ratings Agencies From Evaluating Bailout Countries, Who Will Investors Turn To For Terrible Advice? | Jason Linkins | Posted 12.20.2011 | Business

The Wall Street Journal reports today that the EU is "leaning toward proposing a ban on the issuing of sovereign credit ratings for countries in bailo...

EU May Strike Back Against 'Ill-Thought-Out' Credit Ratings

Posted 12.20.2011 | Business

The European Union's executive may ask for powers to censor credit ratings for countries in crisis, its financial reform chief said on Thursday, d...