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
Told they had a $2 trillion error in their calculation, S&P roused several of its European committee members from bed for an emergency call. In the end, the decision remained: a downgrade for the U.S.'s Triple-A rating.
Standard & Poor's downgraded the U.S.'s triple-A credit rating to AA-plus late Friday and issued a negative outlook, meaning another downgrade is possible in the next 12 to 18 months.
CNBC's Kate Kelly says the government is bracing for a potential credit downgrade from the ratings agency Standard & Poor's. The downgrade, reports Kelly, may come as early as today. The agency has so far refused comment.
With the threat of failure to reach a debt deal finally out of the way and the worsening global macroeconomic picture gripping investors, it has been a win- win for US Treasurys so far.
The big ratings agencies have been blamed for much during the credit crisis, but they hadn't been raided by any of the countries they've threatened with downgrades, until Wednesday.
Discussing the threat of Italian bankruptcy, with David Malpass, Growpac.com, and Charles Dallara, Institute of International Finance.
Where can investors hide when central banks target safe havens? Hens Nordvig, head of G10 Fx Strategy at Nomura, weighs in.
Don Amstad, Director - Asian Fixed Income at Aberdeen Asset Management, says bond risk means lending money to insolvent governments. We should look at the emerging markets rather than the developed ones.
Scores of big corporations have lost their AAA status in recent years, and it hasn't seemed to hurt them, so what's the big deal about the federal government losing such status, The New York Times reports.
Events on Wednesday could prove crucial to attempts to again come to grips with the European debt crisis, after Italian borrowing costs hit a 14-year high on Tuesday.
The nation is growing slowly, but will not likely go back into negative territory, says Roger Altman, Evercore Partners chairman & former deputy Treasury Secretary; with Wilbur Ross, WL Ross chairman/CEO.
The US is likely to see its debt downgraded by the credit rating agencies, despite the passage of a bill to raise the country's debt ceiling on Monday, analysts told CNBC.
U.S. Treasurys have rallied in recent days as worries about slowing growth have overtaken concerns about the sustainability of U.S. government debt. But one analyst says Treasurys are among the riskiest assets on the planet today and investors should look at Asian government bonds instead.
David Kotok, chairman and CIO at Cumberland Advisors says a short-term debt default will be a catastrophe for the U.S.
CNBC's Kayla Tausche has the details on activist investors trying to break up the book company.
Is U.S. debt in danger of a downgrade? Discussing pending threats to the nation's triple A rating, with CNBC's David Riley, Fitch Ratings.
Discussing currency trends and where investor are seeking safe haven, with Win Thin, Brown Brothers Harriman, and CNBC's Sue Herera.
We're not convinced that if S&P were to lower its credit rating on the US it would have a big impact on rates.
The dollar will face months of weakness in the run up to the U.S elections next year, David Bloom, global head of foreign exchange strategy, HSBC told CNBC Tuesday
The current low rate of GDP (gross domestic product) growth in the United States indicates that the world's largest economy is headed for another recession, according to Anthony Doyle, Director of Investment Specialists M&G Investments.