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
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 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
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