credit rating

Moody’s downgrades Eurozone bailout fund credit outlook


July 25th, 2012 - 1:17 pm ICT by IANS
New York, July 25 (IANS) Moody's Investors Service has cut the outlook for the credit rating of the European Financial Stability Facility (EFSF) to negative from stable, warning that the ... Read more...

Posted in Business |

Eurozone agrees to bail out Spanish banks


June 10th, 2012 - 7:53 am ICT by IANS
Moscow/Madrid, June 10 (IANS/RIA Novosti) Eurozone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated ... Read more...

Posted in Business |

Fitch cuts Greece’s rating


May 18th, 2012 - 1:49 pm ICT by IANS
London, May 18 (IANS) International ratings agency Fitch has announced cutting Greece's credit rating from B- to CCC, citing the "heightened risk" that Greece could leave the euro zone.Recent Greek ... Read more...

Posted in Business |

Fitch cuts Greece credit rating


May 18th, 2012 - 2:45 am ICT by IANS
London, May 18 (IANS) International ratings agency Fitch has cut Greece's credit rating from B- to CCC, citing the "heightened risk" that Greece could leave the euro zone.Recent parliamentary elections ... Read more...

Posted in Business |

South Korean economic indicators weaken


May 8th, 2012 - 4:14 pm ICT by IANS
Seoul, May 8 (IANS) South Korean economy continued to see employment improve, but economic indicators weakened amid slowing consumer price inflation, the finance ministry said Tuesday."Our economy saw employment maintain ... Read more...

Posted in Business |

S&P; cuts Spain rating


April 27th, 2012 - 12:57 pm ICT by IANS
New York, April 27 (IANS/EFE) Standard & Poor's Thursday reduced its long-term sovereign credit rating on Spain by two notches to BBB+ from A, expressing concern about the country's ... Read more...

Posted in Business |

ICRA cautious about rating updates on India


April 26th, 2012 - 7:20 pm ICT by IANS
Kolkata, April 26 (IANS) Credit rating company ICRA Thursday said it is cautious on rating updates on Indian economy and companies but would not give a "panic reaction"."We are certainly ... Read more...

Posted in Uncategorized |

India’s financial system still strong, says RBI deputy governor


April 26th, 2012 - 4:53 pm ICT by IANS
Hyderabad, April 26 (IANS) India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said Thursday after Standard & ... Read more...

Posted in Uncategorized |

S&P; lowers outlook for Infosys, TCS, Wipro to negative


April 25th, 2012 - 8:47 pm ICT by IANS
New Delhi, April 25 (IANS) Rating agency Standard & Poor's (S&P;) Wednesday revised outlook for three top Indian information technology companies -- Infosys, Tata Consultancy Services (TCS) and Wipro -- ... Read more...

Posted in Uncategorized |

US stocks open lower on Greek worry


March 6th, 2012 - 1:07 am ICT by IANS
New York, March 5 (IANS) US stocks opened lower Monday amid investors' concerns on a likely Greek default after rating agency Moody's latest downgrade of Greece's credit rating.The Dow Jones ... Read more...

Posted in Business |

Moody’s downgrades Greece rating


March 3rd, 2012 - 1:34 pm ICT by IANS
London/New York, March 3 (IANS) The rating agency Moody's has cut the sovereign credit rating of Greece to the lowest level, saying the country's default risk was high. Moody's Friday ... Read more...

Posted in Business |

Spain sells bonds at sharply lower yields


January 18th, 2012 - 11:46 am ICT by IANS
Madrid, Jan 18 (IANS/EFE) Spain's Treasury raised 4.9 billion euros ($6.2 billion) Tuesday from its auction of 12-month and 18-month bonds, selling the debt at sharply lower yields.The successful auction ... Read more...

Posted in Business |

Sarkozy set to meet Spanish PM after S&P; downgrade


January 16th, 2012 - 1:45 pm ICT by IANS
Madrid, Jan 16 (IANS) French President Nicolas Sarkozy will visit Spain and meet Spanish Prime Minister Mariano Rajoy Monday, according to Spanish government.Sarkozy is the first foreign leader to visit ... Read more...

Posted in World |

US stocks fall on bleak earnings


January 14th, 2012 - 8:46 am ICT by IANS
New York, Jan 14 (IANS) US stocks closed lower Friday as JP Morgan Chase reported worse-than-expected fourth-quarter earnings, while downgrades of several European countries spurred new concerns over the region's ... Read more...

Posted in Business |

Rely less on foreign credit ratings: Chinese official


December 26th, 2011 - 3:22 pm ICT by IANS
Beijing, Dec 26 (IANS) China's central bank chief Zhou Xiaochuan has called on the country's major financial institutions to enhance their own judgment in making choices and reduce dependence on ... Read more...

Posted in Business |

S&P; downgrades Hungary credit rating to junk


December 22nd, 2011 - 1:54 pm ICT by IANS
London, Dec 22 (IANS) Standard & Poor's, one of the top three global ratings agencies, announced Wednesday that it had cut Hungary's sovereign credit rating to "junk" status, saying it ... Read more...

Posted in Business |

No change in Seoul’s fundamentals over Kim’s death: Moody’s


December 19th, 2011 - 1:01 pm ICT by IANS
Seoul, Dec 19 (IANS) South Korea's economic fundamentals would not change with the death of North Korea's top leader Kim Jong-il, a senior official at Moody's said Monday."We will continue ... Read more...

Posted in World |

US stocks end lower in holiday-shortened session


November 26th, 2011 - 2:22 am ICT by IANS
New York, Nov 26 (IANS) US stocks ended lower Friday, with the S&P; 500 and the Nasdaq falling for the seventh straight day, as market sentiment was still heavily weighed ... Read more...

Posted in Business |

`China’s exports under pressure’


November 16th, 2011 - 2:22 pm ICT by IANS
Beijing, Nov 16 (IANS) China's exports are feeling the pressure from global economic uncertainties, trade protectionism and rising domestic costs, the authorities said Wednesday."We cannot be optimistic about the export ... Read more...

Posted in Business |

SBI eyes more branches in Bangladesh


November 14th, 2011 - 12:13 am ICT by IANS
Kolkata, Nov 13 (IANS) The country's largest public sector bank, State Bank of India (SBI) is going to expand its network of branches in Bangladesh, despite a recent downgrading ... Read more...

Posted in Business |

Moody’s cuts Cyprus’ credit rating


November 5th, 2011 - 11:20 am ICT by IANS
Moscow, Nov 5 (IANS/RIA Novosti) International ratings agency Moody's has lowered Cyprus' sovereign credit rating by two notches, saying that the country's banks will likely need state support next year ... Read more...

Posted in Business |

Moody’s revises down POSCO’s rating outlook


November 3rd, 2011 - 3:09 pm ICT by IANS
Seoul, Nov 3 (IANS) The global credit rater Moody's said Thursday that it revised down the outlook for POSCO's A3 credit rating to negative from stable."The negative outlook mainly reflects ... Read more...

Posted in Business |

US stocks slump after Fed offers bleak outlook (Lead)


October 20th, 2011 - 4:46 am ICT by IANS
New York, Oct 20 (IANS) US stocks extended losses Wednesday after the Federal Reserve said the economy was losing steam across much of the nation, Xinhua reported.The sell-off came after ... Read more...

Posted in Uncategorized |

Moody’s downgrades Spain credit rating


October 19th, 2011 - 1:52 pm ICT by IANS
New York, Oct 19 (IANS) Moody's Investors Service Tuesday downgraded Spain's credit rating by two notches from As2 to A1.Moody's put Spain's credit outlook at negative, warning more downgrade risks ... Read more...

Posted in Business |

US rating downgrade won’t hurt Indian exports: Scindia


August 29th, 2011 - 7:22 pm ICT by IANS
New Delhi, Aug 29 (IANS) India's exports, which surged almost 46 percent in the April-June quarter, are unlikely to be much impacted because of the US' credit rating downgrade that ... Read more...

Posted in Uncategorized |

Indian IT industry to grow 16-18 percent, market cautious


August 23rd, 2011 - 10:10 pm ICT by IANS
New Delhi, Aug 23 (IANS) Software industry body Nasscom Tuesday said it is confident about its projection that the IT industry in India will continue to be on the growth ... Read more...

Posted in Business |

Deven Sharma to quit as S&P;’s chief


August 23rd, 2011 - 7:56 pm ICT by IANS
Washington, Aug 23 (IANS) Deven Sharma, the Indian origin president of Standard & Poor's, the rating agency that shot into global prominence after the historic downgrade of the US debt ... Read more...

Posted in Business |

Warren Buffett seems to have chosen his successor


August 16th, 2011 - 10:43 pm ICT by Aishwarya Bhatt
New York, Aug 16 (THAINDIAN NEWS) Multi billionaire and investment mogul Warren Buffet has revealed that his successor has been chosen. The man regarded as having the magic wand for the stock ... Read more...

Posted in Business |

Obama blames partisan bickering for US woes


August 12th, 2011 - 12:14 pm ICT by IANS
Washington, Aug 12 (IANS) Blaming the political fighting in Congress for America's economic woes, President Barack Obama has asked lawmakers "put country ahead of party".Speaking from an advanced battery ... Read more...

Posted in Politics |

US to keep interest rates low until 2013; stocks zoom


August 10th, 2011 - 10:41 am ICT by IANS
Washington, Aug 10 (IANS) Painting a much gloomier picture of the economy, the US central bank has indicated it would take no new steps to stimulate the economy other ... Read more...

Posted in Business |

US stocks rebound from plunge


August 9th, 2011 - 11:06 pm ICT by IANS
New York, Aug 9 (IANS) US stocks rebounded Tuesday from a full-day selloff with three major indexes jumping over one percent, Xinhua reported.After a historic downgrade of US credit rating ... Read more...

Posted in Business |

US always will be a triple-A country: Obama


August 9th, 2011 - 11:10 am ICT by IANS
Washington, Aug 9 (IANS) Even as the US markets took their worst hit since the 2008 financial crisis in reaction to the US losing its top notch AAA credit ... Read more...

Posted in Business |

China stocks plummet after US credit downgrade


August 8th, 2011 - 11:53 am ICT by IANS
Beijing, Aug 8 (IANS) Chinese shares plummeted at midday Monday following the US losing its top-tier AAA credit rating from Standard & Poor's.The benchmark Shanghai Composite Index tumbled 3.68 percent ... Read more...

Posted in Business |

S&P; warns US of further downgrade


August 8th, 2011 - 9:51 am ICT by IANS
Washington, Aug 8 (IANS) Two days after its historic downgrade of America's top notch AAA credit rating, a top executive of Standard & Poor's warned that continued political gridlock in ... Read more...

Posted in Business |

US rating downgrade positive, negative for India: Official


August 7th, 2011 - 12:49 am ICT by IANS
Chennai, Aug 6 (IANS) The downgrading of the US long term credit rating by global rating agency Standard and Poors (S&P;) from AAA to AA+ has positive and negative features ... Read more...

Posted in Business |

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