Casino hub Atlantic City had its credit rating cut Monday amid concerns about a dissolving tax base and fiscal reforms.» Read More
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...
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...
While recent monetary policy actions have been supportive, Russia's economy remains in a weaker position, says David Staples, managing director at Moody's.
Moritz Kraemer, chief sovereign rating officer at S&P, explains why the U.K.'s credit rating could be downgraded.
The ratings agency cited risks posed by the country's potential departure from the European Union after its recent election.
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 downgraded Chicago's credit rating down to junk level "Ba1" from "Baa2."
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.
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 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.
Standard & Poor's downgraded Puerto Rico's general obligation rating to "CCC+" from "B" in a Monday morning announcement.
Fitch Ratings downgraded Japan's credit rating by one notch, the agency said on Monday.
TOKYO, April 27- Fitch Ratings downgraded Japan's credit rating by one notch after the government failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase, the agency said on Monday. Fitch cut its rating on Japan by one notch to A, which is five notches below the top AAA rating. Last year Moody's Investors Service downgraded Japan to...
Iron-ore's plunge has put Western Australia's credit rating under pressure, but that's not likely to imperil Australia's AAA just yet, analysts said.
Iron ore's price plunge is likely to start claiming corporate casualties among the industry's smaller players, Goldman Sachs said.
One day after a credit rating downgrade by S&P, a leading figure at the agency has detailed his concerns about the lack of progress between Greece and its creditors.
Standard & Poor's on Wednesday cut Greece's credit rating from "CCC+" from B- with a negative outlook, citing liquidity pressures.
Fitch Ratings lowered its outlook for Brazil's long-term foreign and local currency issuer default ratings to "negative" from "stable."