PIERRE, S.D.— With an upgrade from Standard& Poor's in hand, South Dakota is pursuing new credit ratings from other major agencies to match. The move this week bumping South Dakota's issuer credit rating from "AA+" to "AAA" by New York- based S&P will likely save the state money by letting it borrow at lower interest costs, and similar action from Moody's Investors Service...» Read More
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 has lowered Japan's credit rating as the country continues to wrestle with staggering debt. Japan's debt is the largest among developed nations and more than twice the size of its economy. Fitch said Monday that Japan's main credit and rating weakness is due to its high and rising level of government debt.
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...
The county where struggling Atlantic City sits led the U.S. in foreclosures in the first quarter, pressuring its credit rating.
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."
Moody's Investors Service raised the outlook on India's Baa3 credit rating to "positive" from "stable" on Thursday.
Deflation in the euro zone is a bigger risk to credit ratings across the world than the fall in the price of oil, Fitch Ratings reported Monday.
Joydeep Mukherji, Head of Sovereign Ratings in Latin America and the Caribbean at Standard & Poor's Ratings Services, explains the decision to maintain Brazil's investment-grade credit rating.
The downgrade from Fitch came out earlier than the next scheduled review.
Ed Eyerman, managing director at Fitch Ratings, talks about the company's latest report, which warns investors on buying into European high-yield debt.
Bank inquiries have become a “way of life” in the UK, S&P says, after British lawmakers said they planned to investigate HSBC over tax evasion claims.
Andre De Silva, Head of Asia-Pacific Rates at HSBC, says the delay of a loan payment by state-owned investment fund 1Malaysia Development Berhad sets the stage for a downgrade in Malaysia's rating by Fitch.
Moody's Investors Service is under investigation by the U.S. Justice Department for some of its mortgage ratings, according to a report.
Luis Costa, head of CEEMEA FX and rates strategy at Citi, says that if oil continues to stay at low levels, it would be a "negative catalyst" for Russia's economy.