US Credit Downgrade

Downgrading the Big Three

Jeff Greene | Posted 03.14.2012

Read More: Fitch Ratings, Credit Downgrade, Economy, Stock Market, Economic Crisis, Standard & Poor's, U.S. Credit Downgrade, Housing Bubble, Moody's, Business News
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.

Read Post

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

AP | By PAN PYLAS | Posted 01.10.2012

Read More: Fitch Ratings, Mario Monti, European Debt Crisis, Credit Ratings, Video, Eurozone, Silvio Berlusconi, Credit Rating Agencies, Standard & Poor's, U.S. Credit Downgrade, European Central Bank, Business News

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...

Read Whole Story

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

Posted 12.22.2011

Read More: Fitch Ratings, Video, Moody's Investors Service, Congress, Social Security, Debt Reduction, Deficit-Reduction, Federal Debt, Credit Rating Agencies, Standard & Poor's, Credit Rating, AAA Rating, U.S. Credit Downgrade, Business News

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

Read Whole Story

Arrogance of Self-Appointed Judges of U.S. Credit

Frank A. Weil | Posted 01.29.2012

Read More: US Credit Rating, Credit Rating Agencies, Pimco, S&P, U.S. Credit Downgrade, Moody's, Politics News
Frank A. Weil

The bond markets do not need their views to make assessments of the situation. The markets by themselves are the best indicator of what everyone needs and wants to know.

Read Post

Downgrade Possibility Not Scaring U.S. Lawmakers

Posted 12.28.2011

Read More: Congress, Video, Credit Downgrade, Debt Ceiling, Business News, Lawmakers, US Debt Ceiling Debate, U.S. Credit Downgrade, Debt Ceiling Debate, Business News

A growing number of lawmakers do not think another downgrade of the country's AAA rating will harm America's economy, raising questions about how ...

Read Whole Story

U.S. May Suffer Another Credit Downgrade By Year's End: Merrill

Posted 12.24.2011

Read More: u.s. Credit Rating Downgrade, Video, Credit Downgrade, Business News, Downgrade, Credit Rating Agencies, U.S. Credit Downgrade, U.S. Credit Rating, Business News

The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concer...

Read Whole Story

Moody's: Obama's Deficit Reduction Plans Unlikely To Be Adopted

Posted 11.26.2011

Read More: Video, Moody's Obama Budget Plan, Business News, Credit Rating Agencies, U.S. Credit Rating, U.S. Credit Downgrade, Brack Obama, Moody's, Business News

WASHINGTON (Reuters) - President Barack Obama's deficit reduction plan would be positive for the United States's credit ratings but chances of its...

Read Whole Story

Zombie Economy Eating Our Brains

Andrew Reinbach | Posted 01.09.2012

Read More: Elections 2012, Standard & Poor's, Financial Crisis, Tea Party, U.S. Credit Downgrade, Recession, US Economy, Business News
Andrew Reinbach

Between a business sector on life support, a paralyzed political sector, a central bank out of tricks, enormous structural problems left unaddressed, and a building disaster in the Eurozone, it would take divine intervention to avoid a global downturn.

Read Post

SEC Reportedly Probes Possible Insider Trading Before U.S. Downgrade

Posted 11.20.2011

Read More: Video, Insider Trading, Business News, Illegal Trading, S&P, Securities and Exchange Commission, U.S. Credit Rating, Big Banks, U.S. Credit Downgrade, Business News

Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government'...

Read Whole Story

Amanda Terkel

Dick Cheney On U.S. Credit Downgrade: 'I Literally Felt Embarrassed For My Country'

HuffingtonPost.com | Amanda Terkel | Posted 11.14.2011

Read More: Dick Cheney Memoir, Dick Cheney Credit Downgrade, Credit Downgrade, Dick Cheney Book, Vice President Dick Cheney, Dick Cheney Deficit, U.S. Credit Downgrade, Dick Cheney in My Time, Dick Cheney, Politics News

WASHINGTON -- Former Vice President Dick Cheney was "embarrassed" when the U.S. credit rating was downgraded in August, and he hopes that the developm...

Read Whole Story

Federal Reserve Looks To Support Economy With Less Drastic Measures

Posted 11.14.2011

Read More: U.S. Recovery, Interest Rates, Bank of America Merrill Lynch, U.S. Central Bank, Video, Europe Debt Crisis, President Barack Obama, Bond Purchases, Recession Fears, Federal Reserve, Global Financial Crisis, Treasury Secretary Timothy Geithner, U.S. Credit Downgrade, European Central Bank, Business News

(Mark Felsenthal) - The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on lo...

Read Whole Story

S&P: U.S. Downgrade Increased Risks For Other Entities

Posted 11.08.2011

Read More: Standard & Poor's, AAA Rating, S&P's Global Fixed Income Research Unit, U.S. Credit Downgrade, Ratings Agencies, U.S. Sovereign Credit Rating, Creditwatch, Video, Business News

NEW YORK - Standard & Poor's downgrade of the U.S. sovereign credit rating last month increased downgrade risks for other global entities, includi...

Read Whole Story

S&P Considers Ranking Subprime-Backed Securities Above U.S. Government

The Huffington Post | Alexander Eichler | Posted 10.31.2011

Read More: Subprime Crisis, Subprime Mortgages, Subprime Mortgage Crisis, Financial Crisis, Standard & Poor's, Credit Rating Agencies, S&P, Credit Rating, Subprime Loans, U.S. Credit Downgrade, Business News

Though the credit rating agency Standard & Poor's no longer believes the United States merits a top triple-A rating, it is prepared to put its stamp o...

Read Whole Story

7 Of Warren Buffett's Biggest News Moments

The Huffington Post | Harry Bradford | Posted 10.25.2011

Read More: Taxes, American Express, Video, Great Recession, Economic Crisis, Bank of America, Economic Optimism, Omaha, Warren Buffeett, S&P, Slidepollajax, U.S. Credit Downgrade, Business News

Warren Buffett's actions might not be predictable, but people certainly do take notice of them. His investments are mimicked, his remarks publicized a...

Read Whole Story

William Alden

Stocks Move Together More Than Ever Before

HuffingtonPost.com | William Alden | Posted 10.24.2011

Read More: Stocks, Double-Dip Recession, Economy, Dow Jones Industrial Average, Economic Crisis, Business News, Financial Crisis, Standard & Poor's, U.S. Credit Downgrade, Recession, S&P 500, Business News

NEW YORK -- There's a dark force out there that's been hammering stocks indiscriminately, with no regard for individual companies' statements of finan...

Read Whole Story

Biden: China's U.S. Assets Are Safe Despite Downgrade

AP | By CHRISTOPHER BODEEN | Posted 10.21.2011

Read More: US China Relations, Hu Jintao, Economic Recovery, Joe Biden, U.S. Credit Downgrade, Barack Obama, China, U.S. Assets, US Treasuries, Business News

CHENGDU, China -- Vice President Joe Biden wrapped up a visit to China on Sunday that offered him extensive face-time with the country's expected futu...

Read Whole Story

S&P Threatens To Downgrade State And Local Governments

The Huffington Post | Harry Bradford | Posted 10.19.2011

Read More: State Government, Federal Bureau of Investigation, New Jersey, State and Local Government, Super-Downgrade, Fbi, Credit Rating Agencies, Standard & Poor's, Nevada, Wsj, S&P, U.S. Budget Control Act of 2011, AAA Rating, U.S. Credit Downgrade, Local Government, Business News

Standard and Poor's decision to downgrade the United States' sovereign credit rating has already sent shock waves through the stock market and worsene...

Read Whole Story

How Washington's 'Know-Nothings' Hurt The Economy: Fortune

FORTUNE | Allan Sloan | Posted 10.19.2011

Read More: Unemployment, Wall Street, Debt Ceiling, Lehman Brothers, Great Recession, Double-Dip Recession, Countrywide Financial, European Union, Obama Administration, Standard & Poor's, Washington DC, U.S. Credit Downgrade, Tea Party, Republicans, Business News

What's ailing us? It's not just unemployment. It's not just Europe's debt woes. And, no, it's not Wall Street this time. It's the takeover of the econ...

Read Whole Story

Justice Department Investigating S&P's Mortgage Ratings

New York Times | LOUISE STORY | Posted 10.18.2011

Read More: Mortgage Securities, Financial Crisis, Mortgage Bonds, Fitch, Justice Department, U.S. Credit Downgrade, AAA Rating, McGraw-Hill Companies, Standard & Poor?S, Moody's, Business News

The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage...

Read Whole Story

Only One Notch, S&P?

John Fullerton | Posted 10.16.2011

Read More: Credit Rating Agencies, Standard & Poor's, JP Morgan, Credit Rating, U.S. Credit Downgrade, Business News
John Fullerton

Apparently, neither Tim Geithner, nor even Warren Buffett, can remain objective in the face of a downgrade.

Read Post

State Credit Ratings Across The Nation [MAP]

The Huffington Post | Harry Bradford | Posted 10.16.2011

Read More: U.S. Debt Crisis, Moodys, State Credit Ratings, Stateline, Standard and Poor's, Credit Rating Agencies, Tax Foundation, Fitch, AAA Rating, U.S. Credit Downgrade, Municipal Debt, Business News

Other credit ratings agencies may have reaffirmed their faith in the United States' credit worthiness but the fallout from Standard and Poor's downgra...

Read Whole Story

Standard-ly Poor (S&P)

Rep. Gary Ackerman | Posted 10.15.2011

Read More: Treasury Department, National Debt, Credit Rating, U.S. Credit Downgrade, Standard and Poor's, Politics News
Rep. Gary Ackerman

What makes S&P's proclamation so curious is that its recent securities-rating track record has been, shall we say, off the mark? In all my years of teaching math, I never had even the poorest student make a two trillion dollar error.

Read Post

S&P Downgrade Reflects Political Divisions That May Be Our Greatest Source of Risk

David Paul | Posted 10.15.2011

Read More: Balanced Budget, Bankruptcy, Debt Ceiling, 2010 Elections, John Boehner, Ron Paul, Standard & Poor's, U.S. Credit Downgrade, Congressional Budget Office, Barack Obama, Eric Cantor, Budget Control Act, US Treasuries, Newt Gingrich 2012, Michele Bachmann, Municipal Bond Market, 2012 Election, Concord Coalition, Balanced Budget Amendment, Gramm-Rudman, Elections 2012, Politics News
David Paul

One week after the downgrade of the United States bond rating, the markets have returned a verdict of sorts.

Read Post

The S&P Downgrade and the Folly of Conventional Wisdom

Bennet Kelley | Posted 10.15.2011

Read More: Standard & Poor's, New Deal, U.S. Credit Downgrade, New Deal 2.0, Economic Stimulus Package, Japan's Lost Decade, U.S.' Lost Decade, Richard Koo, Politics News
Bennet Kelley

As odd as it may sound in 2011, this debate ultimately is a continuation of the debate over whether the New Deal succeeded in rescuing the U.S. economy from the Great Depression.

Read Post

Dysfunction and Downgrades: Sad Parallels

James Zogby | Posted 10.13.2011

Read More: Palestine, Israeli-Palestinian Conflict, Debt Crisis, Debt Ceiling, Economic Crisis, Standard & Poor's, U.S. Credit Downgrade, U.S. Credit Rating, Middle East Peace, Default, Israel, Middle East, Politics News
James Zogby

Standard & Poor's demonstrated its loss of confidence in the ability of Washington to get its financial house in order by downgrading the U.S.'s bond rating. Much the same scenario has been playing out in the U.S.'s approach to Israeli-Palestinian peace.

Read Post