credit-ratings
S&P Revises Outlook on France to Negative
Fitch Cuts Nissan Rating to Junk Status, Following Moody's Downgrade
HeadlinesTrump's NATO Spending Demands Could Hit Europe's Credit Ratings, Says S&P Global
InvestingFrench Stocks Lead Declines in Europe After Moody’s Downgrade, PMI Data
Fitch Moves to ‘positive’ Outlook on Spain
Date: November 9, 2024
(Reuters) -Credit ratings agency Fitch on Friday raised its outlook on Spain to “positive” from “stable”, citing improving structural factors that are likely to bolster the country’s GDP growth potential and resilience against external shocks. Positive labour market trends boosted by strong net migration and reform, improved competitiveness, and the absence of macro-financial imbalances, underpin...
Moody’s Cuts China Credit Outlook, Citing Lower Growth, Property Risks
Date: December 5, 2023
Moody’s cuts China credit outlook, citing lower growth, property risks (Reuters) – Ratings agency Moody’s cut its outlook on China’s government credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging local government debt and a deepening property crisis on the world’s second-largest economy....
S&P Global Fined 1.1 Million Euros for Premature Credit Rating Publications
Date: March 24, 2023
By Marc Jones LONDON (Reuters) -The European Union’s securities watchdog has fined S&P Global Ratings 1.1 million euros ($1.19 million) for publishing a number of credit scores before the relevant securities had been issued. The European Securities and Markets Authority (ESMA) also issued a public notice for breaches of credit rating agencies regulations. “Publishing a...
Credit Suisse Group Rating Downgraded by S&P
Date: May 17, 2022
ZURICH (Reuters) -Credit Suisse Group AG’s credit rating has been downgraded to BBB from BBB+ by Standard & Poors, a blow for the Swiss bank which reported a first quarter loss and is facing increasing shareholder unrest following a string of scandals. Its outlook was changed to stable from negative, the rating agency said. Credit...
Russia’s Rosselkhozbank Says Sanctions Impeding Efforts to Honour Debt Obligations
Date: April 20, 2022
(Reuters) – State-owned Russian lender Rosselkhozbank said on Wednesday that British sanctions had prevented it from making a $21.25 million interest payment on Eurobonds maturing in 2023, the latest Russian company to flag debt servicing issues. Unprecedented Western sanctions on Moscow for what it calls “a special military operation” in Ukraine have crippled Russia’s financial...
EU Bans Top Credit Rating Agencies From Rating Russia and Russian Firms
Date: March 15, 2022
By Marc Jones LONDON (Reuters) – The European Union has banned top credit rating firms from rating Russia’s sovereign debt and the country’s companies as part of its latest sanctions package, the European Commission said on Tuesday. “These sanctions will further contribute to ramping up economic pressure on the Kremlin and cripple its ability to...