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Rating News

S&P pushes Brazil credit rating further into junk to BB-

Washington - International credit ratings agency Standard and Poor's on Thursday pushed Brazil further into junk territory, lowering the long-term ratings of Latin America's biggest economy to BB-.

Venezuela debt defaults pile up with fresh S&P warning

Caracas - Venezuela moved closer to a possible all-out default on Wednesday, with ratings agency S&P Global saying the country had failed to make repayments on two more loans.

Venezuela in fresh defaults on two bonds: S&P

Caracas - Venezuela failed to make repayments totalling $237 million on two loans, which have overrun their 30-day grace period, ratings agency S&P announced Wednesday.

Venezuela payments could alter default grade; not outlook: S&P analyst

Washington - If the crisis-stricken Venezuelan government manages to scrape together funds to make payments on its delinquent bonds, that would change the default designation but not the nation's prospects, a top ratings agency told AFP on Wednesday.

China hits back at S&P's 'mistaken' credit downgrade

Bejing - China on Friday lashed out at the decision by Standard & Poor's to downgrade the country's credit rating, calling the warning against ballooning debt "mistaken" and based on "cliches" about its economy.

China's debt downgraded by second ratings agency

Bejing - Standard & Poor's slashed China's credit rating on Thursday over warnings that its ballooning debt had raised "economic and financial risks", marking the country's second downgrade this year.

Moody's cuts China's rating on debt concerns

Bejing - Moody's ratings agency downgraded China's credit score on Wednesday, warning that economy-wide debt is expected to rise as potential economic growth slows over the coming years.

S&P upgrades Russia outlook to positive

Paris - The Standard and Poor's agency raised its outlook for Russia's credit rating to "positive" from "stable" on Friday, citing improving growth prospects and a lower risk of large capital outflows.

Erdogan suggests Moody's can be 'bought' after Turkey rating cut

Ankara - Turkish President Recep Tayyip Erdogan on Thursday attacked Moody's after it downgraded the country's sovereign debt rating to "junk" status, appearing to suggest the ratings agency could be bought off.

Fitch cuts Turkey debt outlook after coup attempt

Washington - The ratings agency Fitch cut its outlook for Turkey's sovereign debt rating to "negative", saying last month's coup attempt underscored risks to political stability in the country.

90% of Android devices left exposed to critical vulnerabilities

A study has found that almost 90 percent of Android smartphones put users at risk by remaining vulnerable to old security issues. The research calls on manufacturers to do more to push updates to consumers in a timely manner.

Peeple app to let anybody publicly rate anybody with no opt-out

A new app that will make it possible to publicly rate anybody without their knowledge is preparing for launch. Dubbed 'Yelp for people', the review-and-rank app will be impossible to opt-out of, to the fury of campaigners against cyber-bullying.

Brazil economy junked, president on ropes

Rio De Janeiro - Brazil wants to party as next year's Olympics host, but a credit downgrade to junk status means the world's seventh largest economy will be nursing a terrible hangover instead.

S&P cuts Brazil sovereign credit rating to junk

Rio De Janeiro - Standard & Poor's cut Brazil's sovereign credit rating to junk, citing the struggle by President Dilma Rousseff's government to master growing debt and political turmoil.

Transparency, ratings agency warn on Malaysia corruption 'crisis'

Kuala Lumpur - Transparency International warned Tuesday that Malaysia faces a "corruption crisis" over a financial scandal implicating the prime minister, as major credit ratings agencies cautioned that related turmoil threatens the country's economic outlook.

Moody's negative on Brazil in new blow to Rousseff

Rio De Janeiro - Ratings agency Moody's lowered its outlook for Brazil Tuesday, in the latest blow to President Dilma Rousseff's economic record, just weeks before voters decide if she will be re-elected.

S&P downgrades Finland outlook to 'negative'

Helsinki - Standard and Poor's on Friday downgraded Finland's outlook to "negative," putting a crack in the credit image of one of the few countries to hold the top-notch "AAA" rating.

S and P becomes second to downgrade Finland outlook to 'negative'

Paris - Standard and Poor's downgraded Finland's outlook to "negative," putting another crack in the credit image of one of the few countries to hold the top-notch "AAA" rating.

Moody's downgrades Turkey outlook to 'negative'

Ankara - Moody's rating agency on Thursday downgraded its outlook on Turkey to "negative", putting the country's investment-grade rating at risk, saying political uncertainty was affecting investor confidence and casting doubt over further reforms.

Fitch upgrades Portugal's outlook to 'positive'

Paris - Ratings agency Fitch on Friday upgraded its outlook for Portugal to "positive" and maintained the country's credit rating at BB+.

Moody's cuts Ukraine rating on rising political crisis

Washington - Rating firm Moody's again lowered Ukraine's credit rating by a notch on Friday, citing the "escalation" of its political crisis, and put the country on a "negative" outlook for further downgrades.

Brazil economy to feel scant benefit from Cup: Moody's

Braz - Although some sectors in Brazil will gain a boost from the World Cup, the tournament will not have a major economic effect, Moody's rating agency forecast Monday.

Moody's puts Russia on review for downgrade

Washington - Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy.

Moody's puts Russia on review for downgrade

Washington - Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy.

S&P cuts Brazil rating on unclear policy, slow growth

- Standard & Poor's cut Brazil's credit rating by one notch, citing the government's unclear policy signals as it faces a weaker fiscal situation and slower growth.S&P put Brazil's rating at BBB-, the lowest level for investment grade debt, and c...

S&P cuts Brazil rating on unclear policy, slow growth

- Standard & Poor's cut Brazil's credit rating Monday by one notch, citing the government's unclear policy signals as it faces a weaker fiscal situation and slower growth.S&P put Brazil's rating at BBB-, the lowest level for investment grade debt...

Moody's raises Cyprus outlook, confirms rating

Paris - The Moody's ratings agency has raised its outlook for Cyprus to positive, while confirming the island's Caa3 credit rating.The agency said on Friday it was raising the outlook to positive from negative because of a stronger than expected fiscal and eco...

Fitch downgrades Russia outlook to negative over Ukraine crisis

Moscow - The Fitch ratings agency on Friday revised its outlook for Russia to negative from stable after the United States slapped new sanctions against Russian officials amid the Ukraine crisis."The revision of the outlook to negative reflects the potential im...

S&P revises Russia outlook to negative over Ukraine

Moscow - The Standard & Poor's ratings agency on Thursday revised Russia's outlook to negative on rising political and geopolitical risks linked to the raging Ukraine crisis and accompanying Western sanctions."Heightened geopolitical risk and the prospect o...

Moody's raises outlook for European Union to stable

Washington - Moody's raised its rating outlook for the European Union to stable from negative Friday, citing the improvement of its members' finances and falling risks from the eurozone debt crisis.Moody's affirmed the EU's top-flight Aaa rating and said the main r...
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Most (63 percent) said they had conducted energy audits of government buildings  but only 10 percent...
Most (63 percent) said they had conducted energy audits of government buildings, but only 10 percent reported new construction to meet federal Energy Star or US Green Building Council standards.
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