Credit rating News

Britain receives second slash in international credit ratings

Breaking News: Britain's credit rating is slashed tonight to AA+ by international agency, Fitch. This is the second agency to cut the country's weakening rating.

In the Media by Michelle Duffy

Ratings agency Moody’s strips UK of AAA credit rating

On Friday, the rating agency Moody’s stripped the United Kingdom of its much prized AAA credit rating blaming “feeble growth prospects”.

In the Media by Robert Myles

Moody's downgrades Ontario's rating to Aa1 with stable outlook

Toronto - Moody's Investors Service announced Thursday afternoon that it has downgraded the province of Ontario's issuer and debt rating from Aa2 with positive outlook to Aa1 with a stable outlook due to lack of economic growth and burdensome debt.

In the Media by Andrew Moran - 1 comment

Moody's downgrades six European countries amid debt crisis

New York - Moody's has announced that it has downgraded the credit rating of six European countries, while three other nations had their outlook cut to negative. These downgrades come as the European debt crisis persists and the economy remains weak.

In the Media by Andrew Moran - 1 comment

Moody’s downgrades Connecticut’s credit rating from Aa3 to Aa2

Hartford - Moody’s Investor Services announced on its website that it has downgraded the state of Connecticut’s credit rating from Aa3 to Aa2. The downgrade was attributed to the state’s high fixed costs for pensions and service debt.

In the Media by Andrew Moran

Fitch disagrees with S&P, mantains US' AAA credit rating

Less than two weeks after top credit rating agency Standard & Poor's downgraded the United States' credit rating from AAA to AA, the firm's biggest rival Fitch Ratings disagreed, maintaining the country's top-notch credit rating.

In the Media by John Louie S. Ramos

GOP presidential candidates tie Obama to credit rating downgrade

As news of the Standard and Poor's downgrade of America's credit rating from AAA to AA+ reverberated into the weekend, Republican presidential hopefuls used the event to showcase what they see as President Obama's flawed leadership.

In the Media by Michael Krebs - 1 comment

Op-Ed: Obama’s debt crisis — Selling out a nation

Washington - For the first time in its history, the US began the weekend with news its credit rating had been downgraded, less than a week after President Barack Obama agreed with Republicans to kick the so-called debt crisis down the road just a bit.

In the Media by Lynn Herrmann - 17 comments

Standard & Poor's downgrades US' credit rating

The United States, the world's largest economy, suffered a major economic setback on Friday, losing its AAA rating from the credit rating agency Standard & Poor's.

In the Media by John Louie S. Ramos - 1 comment

Moody's Investor Services gives city of Toronto AA1 credit rating

Toronto - After achieving low levels of debt and high levels of cash and investments, Moody's Investor Services has rated Toronto's credit AA1, which forced the Mayor to interrupt a council meeting to announce this news.

In the Media by Andrew Moran