Germany’s Volkswagen shares tumble after margin downgrade
(Reuters) – Volkswagen shares fell to their lowest since April 2020 on Monday after the German carmaker cut its profit margin outlook for the current year, disappointing some investors. Blaming negative effects…
Climate change puts sovereigns at downgrade risk, study finds
By Mark John (Reuters) – A global failure to curb carbon emissions will lead to rising debt-servicing costs for 59 nations within the next decade, according to a study that simulated the…
Fitch US downgrade followed protocols, despite timing questions
By David Lawder and Davide Barbuscia WASHINGTON (Reuters) – When Fitch Ratings dropped its bombshell downgrade of the U.S. credit rating on Tuesday, Biden administration officials cried foul over the “bizarre” timing…
Global money market funds see largest inflows since March amid US downgrade, economic woes
(Reuters) – Global money market funds attracted massive inflows in the week to Aug. 2 as investors sought safer assets amid a U.S. credit downgrade and weak economic data from the euro…
Marketmind: Markets shake off surprise US credit downgrade
A look at the day ahead in European and global markets from Brigid Riley Fitch delivered the markets a doozy of a surprise with an unexpected downgrade of the U.S. government’s credit…
Karine Jean-Pierre Says US Credit Rating Downgrade ‘Defies Reality’
Karine Jean-Pierre Says US Credit Rating Downgrade ‘Defies Reality’ Harold Hutchison on August 1, 2023 White House press secretary Karine Jean-Pierre said Tuesday that a credit agency’s decision to downgrade the United…
US Treasury yields edge lower after Fitch downgrade
By Kevin Buckland TOKYO (Reuters) – U.S. Treasury yields edged down in Tokyo on Wednesday after ratings agency Fitch lowered the country’s top credit rating. The 10-year Treasury note declined about 3.2…
Goldman’s China banks downgrade based on ‘pessimistic assumptions’ -state media
BEIJING (Reuters) – Goldman Sachs’ downgrade of some major Chinese lenders to “Sell” ratings is based on “pessimistic assumptions,” state-backed Securities Times said in an editorial on Friday, as worries over the…
Mexico airlines lost over $1 billion due to US safety downgrade –industry head
By Kylie Madry MEXICO CITY (Reuters) – Mexico’s two-year-old air safety rating downgrade by U.S. authorities has caused a more-than-billion-dollar hit to national airlines, an industry head said in an interview Wednesday.…
S&P spares France from rating downgrade
PARIS (Reuters) – Ratings agency S&P spared France on Friday the embarrassment of downgrading the country’s sovereign debt, but remained cautious about the outlook on account of the strained public accounts. S&P…
Nissan downgrade seen as start of ‘fallen angels’ cycle
By Matt Tracy WASHINGTON (Reuters) – The downgrade of Nissan Motor’s credit rating from investment grade to junk by S&P Global on Tuesday marks the start of a cycle that could see…
UK economic forecaster to downgrade medium-term growth outlook – Times
LONDON (Reuters) – Britain’s official economic forecaster has told the government that it overestimated the prospects for medium-term growth and that it intends to revise down its outlook, the Times newspaper reported…
Analysis-Democrats’ downgrade of Iowa’s role is a blow to Corn Belt, biofuels
By Jarrett Renshaw (Reuters) – The Democratic Party’s unseating of Iowa from its position as host of the first U.S. presidential nominating contest every four years is a blow that could also…
S&P says it could downgrade El Salvador in 6-18 months
(Reuters) – S&P Global Ratings said on Friday it could cut El Salvador’s already negative credit rating within six to 18 months if it does not make “adequate progress” on debt reduction,…
China Threatens To ‘Downgrade’ Diplomatic Relations With Israel: REPORT
China Threatens To ‘Downgrade’ Diplomatic Relations With Israel: REPORT Philip Lenczycki on May 31, 2022 China threatened to downgrade diplomatic ties with Israel after a major Israeli newspaper interviewed Taiwan’s foreign minister,…
Thai growth outlook good despite planning agency’s downgrade – Finance Minister
By Kitiphong Thaichareon BANGKOK – Thailand’s finance minister said on Tuesday this year’s economic outlook was still good despite the state planning agency’s downgrade of its growth forecast, adding he also hoped…
Moody’s warns Russia’s debt payments ban adds to downgrade risk
LONDON – Credit rating agency Moody’s warned on Tuesday that Russia’s move to ban the servicing of newly-issued foreign-currency debt in the wake of stiff Western sanctions had added to the likelihood…
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