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Credit Downgrades

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  • NJ faces another credit rating slash: S&P Monday, 2 Jun 2014 | 4:02 PM ET
    The Bridge Street Bridge, Passaic River and Newark skyline are seen from Harrison, New Jersey.

    S&P could downgrade New Jersey again because of budgetary imbalance and underfunded pensions, putting it among the three worst-rated states.

  • Moody's downgrades Chicago amid pension crisis     Monday, 10 Mar 2014 | 10:52 AM ET

    CNBC's Rick Santelli and Jack Dorer, Moody's Investors Service analyst, discuss the move by Moody's to downgrade Chicago's credit rating to just above junk bond status citing the city's unfunded pension liabilities.

  • Why Moody's downgrade won't hurt Sony     Monday, 27 Jan 2014 | 10:52 PM ET

    Atul Goyal, Senior Analyst at Jefferies, says Moody's downgrade of Sony won't affect the company's ability to raise debt, but it could impact its profitable insurance business.

  • Problems in Puerto Rico: Debt crisis looms     Friday, 24 Jan 2014 | 10:43 AM ET

    Puerto Rico Treasury Secretary Melba Acosta, and PR Government Development Bank Chairman David Chafey, discuss the pressure Puerto Rico is under from ratings agencies to borrow from markets over concerns of short-term liquidity needs. Puerto Rico has $70 billion in debt plus unfunded liabilities of $30 billion.

  • Should Puerto Rico be allowed to borrow?     Friday, 24 Jan 2014 | 7:44 AM ET

    Puerto Rico is under pressure from ratings agencies to prove they can borrow money or face a downgrade, reports CNBC's Michelle Caruso-Cabrera.

  • Chinese credit rating agency downgrades US     Thursday, 17 Oct 2013 | 1:06 PM ET

    The Xinhua news agency in China says U.S. politicians have done "nothing substantial but postponed once again the final bankruptcy of global confidence in the U.S. financial system." CNBC's Michelle Caruso-Cabrera reports a credit ratings agency in China downgraded the U.S. to A- from A.

  • Bill Gross: Treasurys and kicking the can     Wednesday, 16 Oct 2013 | 2:31 PM ET

    Bill Gross, Pimco founder and co-CIO, discusses debt, default and dysfunction in D.C. He says ratings services make news but seldom break new ground.

  • What's the whole story on the debt debate?     Tuesday, 8 Oct 2013 | 6:52 AM ET

    CNBC's Michelle Caruso-Cabrera compares what happened to the stock markets after the last downgrade of U.S. debt and what happened to Italian stocks.

  • Will US debt get a downgrade?     Friday, 4 Oct 2013 | 6:41 AM ET

    Marie Cavanaugh, S&P lead U.S. sovereign rating analyst, discusses the likelihood of downgrading Uncle Sam's credit rating.

  • Why US debt was downgraded two years ago     Monday, 5 Aug 2013 | 11:05 AM ET

    John Chambers, Standard and Poor's, discusses how political wrangling prompted the credit agency to downgrade the nation's debt from AAA to AA.

  • US downgrade marks 2nd anniversary     Monday, 5 Aug 2013 | 8:32 AM ET

    CNBC's Eamon Javers takes a look at the impact of the S&P cutting the U.S. debt rating two year ago as a series of political battles looms in September.

  • High-End Smartphones.... Boom or Bust?     Monday, 8 Jul 2013 | 11:44 AM ET

    Competition among smartphone makers is heating up and markets are becoming saturated, explains Ramon Llamas, IDC.

  • Peter Attard Montalto, emerging market economist at Nomura International, talks about the South African mining sector, the potential rise of further union unrest and the impact it would have on the country's economy.

  • Time to Bet Against Microsoft?     Thursday, 11 Apr 2013 | 10:37 AM ET

    Rick Sherlund, Nomura Securities head of U.S. technology research, has the play on multiple downgrades on the tech giant.

  • Fitch Downgrades China's Currency Credit Rating Tuesday, 9 Apr 2013 | 7:29 PM ET

    The global ratings agency cut China's long-term local currency credit rating to A-plus from AA-minus on Tuesday with a stable outlook, citing financial risks from rapid credit expansion alongside the rise of shadow banking activity.

  • Why JPMorgan Downgraded China     Tuesday, 19 Mar 2013 | 10:31 AM ET

    Adrian Mowat, JPMorgan Securities, explains his firm bearish stance on three of China's largest sectors and recommends the banks as a short.

  • Will Moody's Downgrade Venezuela Again?     Wednesday, 6 Mar 2013 | 11:38 AM ET

    Aaron Freedman, Moody's, explains why the death of Venezuelan President Hugo Chavez will not have an immediate impact on the country's sovereign rating.

  • Tony Blair on US Aid to Syrian Rebels     Friday, 1 Mar 2013 | 8:50 AM ET

    Former British Prime Minister Tony Blair speaks exclusively with CNBC Chief International Correspondent Michelle Caruso-Cabrera at the 2013 YPO Global Leadership Summit in Istanbul about the United States putting arms into Syria and the recent U.K. downgrade from Moody's.

  • Thursday's Market Roadmap     Thursday, 28 Feb 2013 | 9:00 AM ET

    The "Squawk on the Street" news team reports on today's top businesses headlines, including the Dow and S&P nearing all-time highs; JC Penney's larger-than-expected fourth quarter loss; and two big banks downgrading Groupon.

  • The Implications of Sequestration: Fitch Ratings     Wednesday, 27 Feb 2013 | 11:17 AM ET

    David Riley, Fitch Ratings, explains how the implementation of automatic spending cuts may threaten the nation's AAA credit status.