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Credit Credit Ratings


  • ATHENS, Aug 18- Ratings agency Fitch upgraded its credit rating for Greece by one notch on Tuesday, saying the latest bailout deal the country struck with its foreign lenders reduced the chance of default. Greece and its European and IMF lenders reached an 85 billion euro bailout agreement last week after nailing down the terms of new loans needed to save the...

  • Fitch upgrades Greece to 'CCC' on third bailout Tuesday, 18 Aug 2015 | 4:05 PM ET
    A group of tourists take a selfie in front of the temple of the Parthenon atop the Acropolis in Athens, Greece.

    Fitch Ratings upgraded Greek debt to CCC from CC, the ratings agency said Tuesday.

  • Aug 11- Standard& Poor's on Tuesday said it may downgrade Warren Buffett's Berkshire Hathaway Inc because the company plans to spend a large amount of its cash to finance its roughly $32.3 billion purchase of aerospace parts maker Precision Castparts Corp.. S&P analyst Laline Carvalho wrote that the agency may lower the rating by one or two notches within 90...

  • S&P cuts Atlantic City rating 3 notches to 'B' Monday, 3 Aug 2015 | 3:01 PM ET
    People on the boardwalk in Atlantic City, NJ.

    Casino hub Atlantic City had its credit rating cut Monday amid concerns about a dissolving tax base and fiscal reforms.

  • There are no good Greece solutions: S&P's Chambers Tuesday, 14 Jul 2015 | 1:32 PM ET
    Leftists demonstrated in Syntagma Square against the new agreement between the Greek government and its international creditors during the Eurogroup Summit that announced new austerity measures that will be imposed.

    S&P's head of sovereign ratings, John Chambers, emphasized Greece's continued risk of default and said there are no good solutions.

  • Soccer finance: What's the score? Friday, 10 Jul 2015 | 5:40 AM ET
    Soccer finance: What's the score?

    Pavle Sabic, director of market development at S&P Capital IQ, discusses its league table that assesses credit risk at the top soccer clubs.

  • Will politics be a drag on the Malaysian ringgit? Thursday, 2 Jul 2015 | 10:47 PM ET
    Will politics be a drag on the Malaysian ringgit?

    Wayne Gordon, commodities and FX strategist at UBS Wealth Management, explains whether fresh corruption allegations surrounding Prime Minister Najib Razak will weigh on the ringgit.

  • June 30- Standard& Poor's Ratings Services lowered its credit rating on Puerto Rico to' CCC-minus' from' CCC-plus', hours after Governor Alejandro Garcia Padilla said the U.S. territory needed a period of bankruptcy to restructure its debt. Former IMF staffers-- engaged by Government Development Bank, Puerto Rico's financing arm-- issued a damning report on Sunday...

  • A tax-hating state businesses have grown to love Wednesday, 24 Jun 2015 | 7:09 AM ET
    South Dakota Gov. Dennis Daugaard

    Low taxes is one of four reasons South Dakota Gov. Dennis Daugaard claims the Mount Rushmore state is a top destination for business.

  • June 18- General Motors Co said on Thursday that Fitch Ratings had raised the credit ratings of both GM and GM Financial to investment grade. The new ratings are' BBB negative' with a stable outlook, GM said. Fitch, the last of the three major ratings agencies to bring GM's credit ratings to investment grade, cited a "fundamental improvement" in the company's core...

  • Russia will see flat growth over next few years: Moody's Thursday, 18 Jun 2015 | 12:40 AM ET
    Russia will see flat growth over next few years: Moody's

    While recent monetary policy actions have been supportive, Russia's economy remains in a weaker position, says David Staples, managing director at Moody's.

  • UK risks bowing to party politics: S&P's Kraemer Monday, 15 Jun 2015 | 2:15 AM ET
    UK risks bowing to party politics: S&P official

    Moritz Kraemer, chief sovereign rating officer at S&P, explains why the U.K.'s credit rating could be downgraded.

  • S&P revises UK outlook to negative from stable Friday, 12 Jun 2015 | 12:14 PM ET
    David Cameron

    The ratings agency cited risks posed by the country's potential departure from the European Union after its recent election.

  • Here's how we help the middle class Thursday, 11 Jun 2015 | 7:00 AM ET

    The average American consumer needs better credit options so they can build a nest-egg for a more secure future, says Elevate CEO Ken Rees.

  • Moody's downgrades Chicago debt to 'junk' Tuesday, 12 May 2015 | 5:02 PM ET
    Skyline of Chicago

    Moody's downgraded Chicago's credit rating down to junk level "Ba1" from "Baa2."

  • Australia's AAA rating not in danger: Hockey Friday, 1 May 2015 | 12:12 AM ET
    Australia Treasurer Joe Hockey

    Australia won't lose its coveted triple-A rating, its Treasurer said, slapping down speculation the country might face its first downgrade in 26 years.

  • Greece gets junkier: Moody's cuts rating Wednesday, 29 Apr 2015 | 8:27 PM ET
    People are seen in front of a Eurobank branch in Athens, Greece, March 19, 2015.

    Moody's cut Greece's credit rating deeper into junk territory amid uncertainty over whether it will reach a deal with its international lenders in time.

  • April 28- McGraw Hill Financial Inc reported a better-than-expected quarterly profit, driven by growth in its Standard& Poor's ratings services business as high-grade bond offerings rose. McGraw Hill, whose rivals include Moody's Corp's Moody's Investors Service and Fitch Ratings, reaffirmed its adjusted full-year profit forecast of $4.35- $4.45 per...

  • Japan’s downgrade: Why no one seems to care Tuesday, 28 Apr 2015 | 2:06 AM ET

    Japan's already less-than-sterling credit rating took a hit from Fitch's downgrade, but its bonds and currency are set to stay impervious to the blow.

  • S&P downgrades Puerto Rico to CCC+ from B Monday, 27 Apr 2015 | 9:51 AM ET
    A man walks past a vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    Standard & Poor's downgraded Puerto Rico's general obligation rating to "CCC+" from "B" in a Monday morning announcement.