After more bad news, Brazil's embattled Petrobras will likely affect the wider fate of the Brazilian economy.» Read More
Jan 9- Fitch Ratings cut its rating on Russia to' BBB minus' from' BBB', citing significant deterioration in the country's economic outlook due to the slump in oil prices and falling value of the rouble. Fitch said the issue ratings on Russia's senior unsecured foreign and local currency bonds have also been downgraded to' BBB minus' from' BBB'. Oil prices have fallen...
Fitch Ratings has downgraded Russia's long-term foreign and local currency issuer default ratings to BBB- from BBB.
Michael Kokalari, Head of Vietnam Research at CIMB, says corruption woes are opportunity costs for investing in Vietnam and later outlines the factors that are working in the economy's favor.
Moody's Investors Service on Tuesday cut Alaska's outlook to negative from stable, citing the recent oil price weakness.
Easing inflation and growth being one of the fastest in the region justify the central bank's decision to keep its key interest rate steady, says Amando Tetangco, Governor of Bangko Sentral ng Pilipinas.
Andrew Colquhoun, Head of Asia-Pacific Sovereigns at Fitch Ratings, says the justification to delay the sales tax hike was an "eyebrow raiser" and discusses the possibility of downgrading Japan's credit rating next year.
The Securities and Exchange Commission is pushing to suspend Standard & Poor's from rating commercial mortgage bonds, according to a report.
Falling oil prices have side-swiped Venezuela's government finances, spurring default concerns, but it isn't clear if contagion effects will emerge.
Despite uncertainty over upcoming elections and a slow economic recovery, Jonathan Pain, Author of "The Pain Report" and Director of JP Consulting, says the stock market will go higher.
Thomas Byrne, SVP, Regional Credit Officer, Sovereign Risk Unit at Moody's, identifies the delay in the consumption tax and doubts over Abe's growth revival strategy as reasons for the agency's downgrade.
Chris Konstantinos, Director of International Portfolio Management at Riverfront Investment Group, explains why he's still bullish on Japanese equities despite Moody's downgrade.
Moody's cut its outlook on online retailer Amazon to 'negative,' prompted by the online retailer's announcement that it was issuing new debt.
The average company’s credit ratings has fallen in the three biggest euro zone economies over the last year, according to a new report.
JOHANNESBURG, Nov 25- South Africa's power utility Eskom said on Tuesday it needs a substantial injection of funds to ease a cash crunch and to avoid another credit downgrade as it struggles to keep the lights on in Africa's most advanced economy. Eskom supplies virtually all power to South Africa. The government said last month it would inject 20 billion rand of...
S&P has affirmed its "AA-/A-1+" rating on Japan, but the outlook remains negative. Kim Eng Tan, Senior Director at Standard & Poor's Ratings Services, explains the decision.
NEW YORK, Nov 17- Actavis will issue around US $27.5 bn of new debt to finance its US $66 bn acquisition of Botox-maker Allergan, but about half of it will be short-dated to help the company keep its investment-grade ratings. Both Moody's and Fitch said they would not downgrade Actavis to junk despite the increased debt, believing strong cash flow will enable it to...
Major countries’ credit ratings are under threat from falling oil prices and weaker global economic growth and Russia may be the most vulnerable.
*Ratings downgrades hit bonds and credit default swaps. LONDON, Oct 24- Investors demanded higher yields to hold Tesco's debt on Friday while the cost of insuring against default rose sharply after ratings downgrades left Britain's biggest grocer hovering just above junk status. "The ratings remain on review for downgrade because Tesco has not yet announced...
Standard & Poor's cut its outlook for France to negative from stable on Friday, citing concerns about the country's economic recovery.
Standard & Poor's downgraded Finland's sovereign debt rating to AA-Plus from AAA on Friday, citing economic weak development.