downgrades News

S&P Threatens Downgrades of Finance Companies; ‘AAA’ Rated Insurers

Standard & Poor’s Friday put a broad range of financial firms on negative credit watch, warning they could all be downgraded if the United States has its credit rating cut. The S&P action takes in Fannie Mae, Freddie Mac, all …

Head of S&P Germany Rejects Euro Zone Criticism

Standard & Poor’s hit back at criticism over the credit rating agencies’ role in the euro zone debt crisis on Thursday, with its German operations head saying rating agencies would lose credibility if they “kept silent”. “We risk our credibility …

S&P Downgrades 6 Cat Bonds; Removes 10 from Negative CreditWatch

Standard & Poor’s Ratings Services today has removed its ratings on 10 natural peril catastrophe bonds from CreditWatch with negative implications. S&P also said it has lowered its “ratings on six of the bonds and affirmed our ratings on four” …

Rating Agencies Might Stop Reports Due to EU Threats Say Sources

Credit rating agencies have warned the European Commission that they could stop rating risky countries if the EU executive goes ahead with plans to make them legally liable for errors of judgment, industry sources said. Tensions have been rising between …