Posts Tagged ‘

Standard & Poors

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Gratuitous sovereign AAA

Posted by Joseph Cotterill on Feb 17 18:36. Comment.

From now on we’ll have to tell you that we practically give AAA sovereign ratings away, Standard & Poor’s said on Thursday (or something like that anyway):
Kingdom of Belgium (AA+/Negative/A-1+) More…

About that Irish downgrade

Posted by Neil Hume on Aug 27 10:23. Comment.

So what was really behind Ireland’s furious reaction to this week’s S&P downgrade?

Did a looming refinancing of government guaranteed bank debt play a part?

We know that a big chunk of government-guaranteed Irish bank debt is set to expire in September. More…

Carry on cutting

Posted by Neil Hume on Jul 12 17:40. Comment.

No let up in the austerity please, Mr Osborne. That’s pretty much the message from S&P, which reaffirmed the UK’s AAA rating on Monday but maintained its negative outlook.

For the record, a negative (or a positive) outlook from the rating agency indicates a one-in-three chance of a rating change over a period of six months to year. More…

S&P raises fears over some banks

Posted by Gwen Robinson on Nov 24 04:49. Comment.

A study by credit rating agency Standard & Poor’s has raised questions over the financial strength of some of the biggest banks ahead of new rules that could require them to raise more funds. The analysis by S&P showed that HSBC is the world’s best capitalised bank, More…