NEW YORK, July 23- Standard& Poor's said on Wednesday it had raised New York state's debt rating by one notch, putting it just under a top investment grade, due to the state government's stronger budgeting practices.» Read More
Mohamed El-Erian, CEO & co-CIO, says the US downgrade heralds a new financial era.
Asian markets open lower following S&P's downgrade of the US credit rating, with CNBC's Kaori Enjoji.
Global investors are also watching Europe as the ECB plans to buy Spanish and Italian debt on the secondary market, with CNBC's Michelle Caruso-Cabrera.
David Beers, Standard & Poor's head of government debt rating unit, explains why S&P downgraded the United States' credit rating from AAA to AA . Veteran investor Jim Rogers also weighs in.
David Beers, head of S&P's government debt rating unit, explains S&P's reasoning behind the downgrade of US sovereign debt.
David Beers, Global Head of Sovereign Ratings at Standard and Poor's joins Jim Rogers, Chairman and CEO of Rogers Holdings to discuss if the U.S. deserved a credit rating downgrade.
David Beers, Global Head of Sovereign Ratings at Standard and Poor's cites the reasons behind the U.S. credit rating downgrade by the S&P. He joins guest host Jim Rogers, Chairman & CEO of Rogers Holdings.
Wilbur Ross, chairman & CEO of WL Ross & Co., Bill Smith, CEO and senior portfolio manager at SAM Advisors, and Tai Hui, head of economic research at Standard Chartered discuss the U.S.' debt ratings downgrade
Bill Smith, CEO and senior portfolio manager at SAM Advisors and Tai Hui, regional head of economic research, at Standard Chartered Bank discuss the impact of the U.S. debt downgrade on markets.
With S&P’s downgrade of the United States’ credit rating from AAA to AA, many are speculating on how markets and U.S. authorities will respond.
Federal Reserve officials publicly declared it was business as usual in the face of Standard and Poor’s downgrade of US government debt, but privately they acknowledged these were unchartered waters.
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.