Rupee hits one-week low on S&P rating warning
The rupee fell to a near one-week low on Monday after Standard & Poor's warned the country may be the first to lose its investment-grade rating among BRIC nations, adding to worries about India's fisc
Pranab rejects S&P report
Finance Minister Pranab Mukherjee on Monday rejected Standard and Poor's report that India could be the first BRIC country to falter and said there will be a turnaround in growth prospects in the comi
S&P cuts India outlook to negative; markets hit
Ratings agency Standard & Poor's on Wednesday cut India's outlook to negative from stable, citing its large fiscal deficit and expectations of only modest progress on reforms given political constrain
What do ratings, outlook downgrades mean?
Ratings agency Standard & Poor's on Wednesday cut its outlook on India to ‘negative’ from ‘stable’. What does it mean?
Outlook indicates potential direction of ratings in short to medium term, typica
S&P cuts Greece to 'selective default'
Ratings firm Standard & Poor's on Monday cut the credit rating of Greece to ‘selective default’ after banks agreed to write off more than half of their Greek debt holdings in a second EU bailout of th
S&P downgrades 34 Italian banks
Standard & Poor's rating agency has downgraded 34 Italian banks.
The banks whose ratings were cut included the country's biggest bank Unicredit, which was downgraded from A to BBB+ with a negative ou
S&P downgrades France, eight other euro zone nations
Standard & Poor's carried out a mass downgrade of euro zone countries on Friday, stripping France and Austria of their top-grade AAA ratings in a move that may complicate efforts to solve a two-year o
S&P's full statement on France downgrade
Standard & Poor's is lowering its unsolicited long-term sovereign credit rating on the Republic of France to 'AA+'. At the same time, we are affirming our unsolicited short-term sovereign credit ratin
Standard & Poor's says mistakenly announced French downgrade
Ratings agency Standard and Poor's said Thursday that it had mistakenly announced to some clients a downgrade of France's top 'AAA' credit rating, amid speculation of just such a move.
"As a result o
S&P president steps down after US ratings downgrade
Standard & Poor's president Deven Sharma is stepping down, its parent company announced Tuesday, just weeks after the credit rating agency cut the US sterling AAA rating and sent global markets into t