NEW YORK— RadioShack's credit rating was downgraded by Fitch Ratings Friday, a day after the electronics retailer warned it may need to file for Chapter 11 bankruptcy protection. Fitch said cut RadioShack's issuer default rating one notch to "C'' from" CC, "which puts the retailer's credit rating one level above default.» Read More
SAN JUAN, Puerto Rico July 10- Puerto Rico's top finance officials said on Thursday that the U.S. commonwealth will step up efforts to explain a new restructuring law to investors after a series of ratings downgrades and a rout in the island's bonds effectively shut it out of markets.
S&P could downgrade New Jersey again because of budgetary imbalance and underfunded pensions, putting it among the three worst-rated states.
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.
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.
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.
Puerto Rico is under pressure from ratings agencies to prove they can borrow money or face a downgrade, reports CNBC's Michelle Caruso-Cabrera.
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, Pimco founder and co-CIO, discusses debt, default and dysfunction in D.C. He says ratings services make news but seldom break new ground.
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.
Marie Cavanaugh, S&P lead U.S. sovereign rating analyst, discusses the likelihood of downgrading Uncle Sam's credit rating.
John Chambers, Standard and Poor's, discusses how political wrangling prompted the credit agency to downgrade the nation's debt from AAA to AA.
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.
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.
Rick Sherlund, Nomura Securities head of U.S. technology research, has the play on multiple downgrades on the tech giant.
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.
Adrian Mowat, JPMorgan Securities, explains his firm bearish stance on three of China's largest sectors and recommends the banks as a short.
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.
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.
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.