Posts Tagged ‘rating’

S&P cuts rating for France, Italy, Spain

Standard & Poor’s swept the debt-ridden European continent with punishing credit downgrades Friday, stripping France of its coveted AAA status and dropping Italy even lower. Germany retained its top-notch rating, but Portugal’s debt was consigned to junk.

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France loses top credit rating, govt says (AP)

Italian Premier Mario Monti attends a debate at the lower chamber in Rome, Thursday, Jan. 12, 2012. Monti says he would support a new tax on financial transactions so long as it applies to the European Union as a whole. Speaking after meeting Wednesday with German Chancellor Angela Merkel, Monti indicated his preference for such a tax for the whole 27-nation bloc, rather than just the 17 countries that use the euro as their currency. (AP Photo/Gregorio Borgia)AP – France was stripped Friday of its top-notch credit rating and rumors swirled in financial markets that its debt-burdened neighbors would be next, complicating Europe’s efforts to solve its financial crisis.


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Obama calls US AAA nation despite AA+ Rating (AP)

REFILE - CORRECTING SPELLING OF AFGHANISTAN<br />
U.S. President Barack Obama walks out to make a statement about the economy and U.S. servicemen recently killed in Afghanistan to the media in the State Dining Room of the White House in Washington, August 8, 2011.              REUTERS/Larry Downing     (UNITED STATES - Tags: POLITICS)AP – President Barack Obama on Monday essentially dismissed the first-ever downgrade of the U.S. credit rating, trying to reassure investors and the public that the nation’s leaders need only show more “common sense and compromise” to tame a staggering accumulation of debt.


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Economy, not debt rating, will send markets lower (AP)

AP – U.S. investors will have their first chance Monday to react to Standard & Poor’s decision to strip the U.S. government of its top credit rating. But the bigger issues facing Wall Street and stock markets worldwide remain debt-ridden countries in Europe and concerns that the global economy is weakening.

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S&P downgrades US credit rating (AP)

Sec. of Treasury Tim Geithner, left, partially blocked by his Secret Service agent, walks down the West Wing Colonnade of the White House towards the Oval Office to meet with President Barack Obama, Friday, Aug. 5, 2011 in Washington. Obama met with Geithner prior to  his departure for the presidential retreat at Camp David, Md. Credit rating agency Standard & Poor's on Friday, Aug. 5, 2011 lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion - a tumultuous process that contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P. (AP Photo/Pablo Martinez Monsivais)AP – Republicans and Democrats quickly doled out blame to each other for the first-ever downgrade in the nation’s sterling credit rating, an expected but unsettling move that further clouds prospects for the recovery of the fragile U.S. economy.


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US loses AAA credit rating from S&P (AP)

FILE - This Monday, Aug. 1, 2011 picture shows the U.S. Capitol just after the House voted to pass debt legislation on Capitol Hill in Washington. Credit rating agency Standard & Poor's says it has downgraded the United States' credit rating for the first time in the history of the ratings. The credit rating agency says that it is cutting the country's top AAA rating by one notch to AA-plus. The credit agency said late Friday, Aug. 5, 2011 that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation. (AP Photo/Jacquelyn Martin)AP – The lowering of America’s sterling credit rating was the punctuation mark on a tumultuous week in financial markets.


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S&P downgrades U.S. credit rating to AA+

After the stock market wrapped up its worst week in more than two years, Standard & Poor’s Friday night downgraded U.S. debt from AAA for the first time in history.

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