NEW YORK— Fitch Ratings Service downgraded Alcoa's credit rating to "junk" status on Friday, saying it thinks the company's leverage will stay high and aluminum prices and profitability will remain low. High levels of aluminum supplies have hurt Alcoa's prices, and the company has repeatedly cut its smelting capacity in response.» Read More
Sarah Carlson, vice-president and senior credit officer for the Sovereign Risk Group at Moody's, says there is concern about long-term competitiveness and growth prospects in France.
James McCormack, managing director at Fitch Ratings, explains that it has removed the U.S. from negative watch because of improvements in the country's fiscal picture.
James McCormack, managing director at Fitch Ratings, discusses the impact sanctions will have on the Russian economy and says risks to the country's outlook are to the downside.
Alexandra Lebenthal, Lebenthal & Co. president & CEO, discusses the S&P's move to downgrade Puerto Rico's general obligation debt to junk status and if other creditors, like Moody's, will follow suit.
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.
NEW YORK/ MEXICO CITY, Dec 19- Standard& Poor's on Thursday raised its sovereign long-term foreign currency credit rating for Mexico by one notch to BBB-plus days after the country approved the biggest shake-up of its energy sector since 1938 in a bid to boost growth.
Steffen Dyck, Assistant Vice President and Analyst of the Sovereign Risk Group at Moody's Investors Service, explains how Thailand's unrest has already been factored into its sovereign rating.
Philippe Gudin, head of euro area economics at Barclays, says he is "surprised" at the timing of the Standard & Poor's (S&P) downgrade of the Netherlands, as he expects a rebound in growth next year.
Moritz Kraemer, chief sovereign ratings officer at Standard and Poor's (S&P), says the euro zone, and France, needs to continue its structural reforms, and explains why the European Central Bank stress tests are important.
Moritz Kraemer, chief sovereign ratings officer at Standard and Poor's (S&P), explains that the Netherlands was downgraded because of its growth potential, but that it has a stable ratings outlook due to its policy commitment.
Holger Schmieding, chief economist at Berenberg Bank, says that while the Netherlands needs to implement further reforms, its economy is still "pretty solid."
Jeroen Dijsselbloem, Dutch finance minister, says he takes the S&P ratings downgrade of the Netherlands "seriously".
Nov 11- U.S. municipal bonds issued by Chicago held up in light trading on Monday even as the city's debt suffered another triple-notch ratings downgrade on mounting concerns about its public pension liabilities. It also cut $497.3 million of Chicago's sales tax bonds to A-minus, and $200 million of commercial paper notes to BBB-plus.
The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies.
Marco Patuano, CEO of Telecom Italia, says its Brazilian business is a "core asset" and says the group has a lot of investment to do in the future.
Richard Kelly, head of European rates and FX research at TD Securities, explains that the main takeaway from S&P's French downgrade is that the country has been moved to a stable outlook.
*Fitch upgrades Spain outlook to stable from negative. LONDON, Nov 4- Spain's bonds outpaced other euro zone debt on Monday after Fitch upgraded its credit ratings outlook, in a market underpinned by bets the European Central Bank could signal further monetary easing this week.
Kathy Lien, Managing Director of FX Strategy, BK Asset Management says the dominance of the U.S. dollar in global trade won't be challenged by Washington's fiscal battles.
China signals unhappiness with Washington's budget deal after local ratings agency Dagong downgraded America's credit rating to 'A-.' The Asia Squawk Box team and Marc Desmidt of BlackRock Asia Pacific weigh in.
LEE SACHS is Co-Founder & CEO of Alliance Partners says that the debt deal gives a window for US congress to work out their differences and not risk a further damage to their reputation.