Categories

Moody’s: 5 big U.S. banks face downgrade

Moody’s says reviews of banks in Europe and around the world are due to ongoing pressure from crisis.NEW YORK (CNNMoney) — Five big U.S. banks were among 17 global institutions placed under review for downgrades Thursday by the rating agency Moody’s, reflecting the ongoing economic pressures from Europe’s fiscal crisis.Separately, Moody’s placed 114 European institutions [...] [...]

A French downgrade could derail eurozone rescue

NEW YORK (CNNMoney) — In what would be another blow to Europe’s beleaguered rescue fund, there is growing speculation that France will eventually lose its top-tier credit rating.Standard & Poor’s could change its outlook for France’s AAA credit rating within 10 days, according to a widely circulated report Tuesday in La Tribune, a French financial [...] [...]

Debt committee could raise risk of U.S. downgrade

Sen. Patty Murray, the debt committee co-chair, and her fellow panel members know very well that their mission is far greater than just proposing ways to reduce U.S. deficits.NEW YORK (CNNMoney) — As if finding consensus on debt reduction in a hyper-partisan environment isn’t hard enough.The other mission of the congressional debt committee is to [...] [...]

Asian Stocks Fall After Japan Credit Downgrade

Asian stock markets swung between gains and losses before closing broadly lower on Wednesday, as concerns about Moody’s downgrade of Japan’s credit rating and bleak U.S. data on Richmond manufacturing index outweighed hopes that the Federal Reserve could offer more economic stimulus. The euro retreated against the dollar, dragging down commodities such as copper and [...] [...]

Japanese Market Pares Early Gains On Rating Downgrade

After moving higher on the back of the overnight buoyant close on Wall Street, the Japanese stock market gave up most of its gains on Wednesday following a rating downgrade of the country’s sovereign debt by Moody’s Investor Service. The benchmark Nikkei 225 index, which advanced to 8,825.3 after a positive start, is now up [...] [...]

Stocks after the downgrade

Stocks have fallen sharply since mid-July on concerns the U.S. economy may be slowing. Click the chart for more market data. NEW YORK (CNNMoney) — Standard & Poor’s decision late Friday to downgrade the United States’ credit rating sparked fear and many questions: Would stocks tank, first in Asia Sunday night and then in New [...] [...]

S&P rating downgrade: FAQ

Goodbye, AAA. NEW YORK (CNNMoney) — Credit rating agency Standard and Poor’s made good on its saber-rattling on Friday, and downgraded U.S. debt. The move is unprecedented — and the effects unclear. So what exactly is going on here? Rating agencies — S&P, Moody’s and Fitch — analyze risk and give debt a “grade” that [...] [...]

S&P rating downgrade: China piles on

NEW YORK (CNNMoney) — China owns more than $1 trillion in U.S. Treasuries and so wasted no time weighing in after the United States lost its AAA credit rating. A commentary published Saturday by the official Xinhua news agency demanded that Washington get its fiscal act together and — once again — questioned the primacy [...] [...]

Moody’s puts US AAA Rating on Downgrade Watch, Killing US Dollar

View the original article here Social BookmarkingCheck more:Moody’s: 5 big U.S. banks face downgradeEuro area crisis threatens EU sovereign rating – Moody’sJapanese Market Pares Early Gains On Rating DowngradeS&P rating downgrade: FAQS&P rating downgrade: China piles on [...]