Standard & Poor's cut its credit rating on Argentina's foreign-currency sovereign debt.» 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.
Puerto Rico public corporation debt slumped after a new law that allows agencies to restructure their debts sparked fears of an imminent default.
The agency affirmed Berkshire Hathaway's "AA/A-1+" counterparty credit and "AA+" for insurance financial strength and revised the outlook to stable.
Austria’s finance minister admitted he could not understand the reasoning behind Standard and Poor's' warning about the country’s banks.
Standard & Poor affirmed in a release the current AA+/A-1+ rating for U.S. sovereign credit and called the outlook "stable."
A federal judge ruled that litigation accusing S&P of inflating credit ratings before the 2008 financial crisis belongs in state courts.
James McCormack, global head of sovereign ratings at Fitch Ratings, talks about the prospects for Italy and France for the rest of 2014.
Moritz Kraemer, chief sovereign rating officer at Standard & Poor's, says Spain's upgrade is the results of structural reforms implemented by the government.
May 23- Fitch upgraded its credit rating on Greece to' B' from' B-' and gave it a stable outlook, citing the government's better fiscal track record. Fitch also lifted the issue ratings on Greece's senior unsecured foreign and local currency bonds to' B' from' B-'.
Ireland hopes to garner a second credit rating upgrade from Moody’s Investors Service this Friday.
Christian Esters, senior director for sovereign ratings at Standard and Poor's Ratings Services, says the reasons behind Russia's credit rating downgrade include capital outflows and increased risks of slower growth.
Moritz Kraemer, chief sovereign rating officer at S&P, highlights that while Greece has achieved a lot, its economy below pre-crisis levels.
Jean-Michel Carayon, senior vice-president of the Moody's corporate finance group, discusses the optimism behind the ratings agency's report that shows upgrades to EMEA non-financial corporates outnumbered downgrades in the first quarter of 2014.
S&P downgraded cut Brazil's credit rating to one notch above junk, citing weak growth and rising debt levels.
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.
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.