Credit rating agencies
S&P Warns France and Germany of Downgrade
Standard and Poor’s announced on Monday that it is considering a credit rating downgrade for both Germany and France, the euro zone’s two biggest economies. The move takes place as euro zone countries meet in Brussels in an attempt to stop the ongoing crisis. The two countries currently have a top-notch AAA rating from the agency. Standard and Poor’s […]
Justice Dept. Probes Standard & Poor’s on Mortgage Crisis
As we learned last week the decisions of one rating agency can cause a lot of economic volatility. But according to an exclusive piece from our partner The New York Times this morning, the Justice Department is opening an investigation into Standard & Poor’s to see if the agency improperly rated dozens of mortgage securities leading […]
Top of the Hour: Investors React to U.S. Credit Downgrade, Morning Headlines
Stock futures are down this morning as global markets react to the first ever downgrading of the United States’ credit rating by Standard and Poor’s. Moody’s repeated its warning that it too could downgrade U.S. credit in the next year if the economy continues to weaken. Richard Hunter, head of U.K. Equities at Hargreaves Lansdown […]