S&P finally downgraded France’s credit rating several weeks ago, along with a few other EU Member States. The decision could undeniably cost Sarkozy the reelection in May 2012; many believe Sarkozy is solely responsible for the downgrade. But May 2012 is still far away from a political standpoint. Since his election in 2007, Sarkozy has […]
Standard and Poor’s rating agency has lowered the credit ratings of 9 eurozone members, including formerly AAA-rated France and Austria. The move is significant, affecting as it does the future of the eurozone’s bail-out fund, the French presidential election, the roll-over of existing European sovereign debt, and more. However, the downgrade is not really a […]
US Court rules the three major credit rating agencies may continue to lie, mislead & cheat investors by assigning false ratings, and helping investment firms to structure transactions that gain ‘AAA’ status. The rating agencies ‘opinions’ are protected under First Amendment protections as free speech. This ruling is a set-back to individual investors & ordinary working Americans everywhere.
Standard & Poor’s (S&P), one of the big three global ratings agency, on Monday followed the data, too, by downgrading its credit outlook from ‘stable,’ to ‘negative’ for United States sovereign debt – better known as US Treasury notes. The decision by S&P’s sovereign debt analyst, Nicola Swann – known cynically by some traders as the new ‘Black Swann’ – to downgrade US sovereign debt outlook roiled Global Markets, underscoring the growing view that America is a superpower in decline.
Standard & Poor’s, a leading credit ratings agency downgraded Japan’s long-term sovereign debt Thursday, a sharp reminder of the heavy financial obligations plaguing one of the world’s largest economies.
S&P, a premier global credit rating agency, is growing increasingly concerned that many companies in the United States could find it difficult to refinance their enormous debt loads in the coming years, possibly leading to an explosion of defaults and bankruptcies.
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