S&P Global increases Ukraine’s foreign currency rating
(Reuters) – Global ratings agency S&P Global on Friday raised Ukraine’s foreign currency sovereign credit ratings, noting the country has completed a distressed debt restructuring. The long- and short-term foreign currency sovereign…
S&P revises Italy’s outlook to stable from positive
(Reuters) – S&P Global Ratings said on Tuesday it had revised its outlook on its unsolicited BBB/A-2 ratings on Italy to stable from positive. The ratings agency, which affirmed all of its…
S&P revises state-owned Mexican oil firm Pemex’s outlook to stable
(Reuters) – S&P Global Ratings revised on Wednesday the outlook for Mexico’s state-oil firm Pemex to stable from negative, after it reviewed Mexico’s long-term outlook. According to the rating agency, high crude…
Brutal first half of ’22 on track to shave $8 trillion off S&P 500
By Saqib Iqbal Ahmed NEW YORK – Steep losses in stocks and bonds, dizzying market swings and a Federal Reserve intent on curbing the worst inflation in more than forty years have…
S&P upgrades Chinese developer Greenland days after cutting to ‘selective default’
HONG KONG – S&P Global Ratings raised Greenland Holdings Corp Ltd by one notch to “CCC” on Wednesday, after the Chinese state-backed property developer completed a one-year maturity extension on $500 million…
As S&P 500 confirms bear market, most of its components look worse
By Noel Randewich (Reuters) – While the S&P 500 confirmed on Monday that it has been in a bear market since January, many of the benchmark’s components are in far worse shape…
S&P raises South Africa’s outlook to ‘positive’ on trade terms, fiscal discipline
(Reuters) – Ratings agency S&P revised https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/2842888 South Africa’s outlook to “positive” on Friday, saying it reflects favourable terms of trade and a path toward contained fiscal expenditure for the country. S&P…
S&P cuts Sri Lanka to ‘selective default’ on missed payments
(Reuters) – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selective default’ after the South Asian country missed sovereign bond interest payments, S&P said on…
S&P Global ratings ups Saipem to ‘BB’ from ‘BB-‘ on planned capital hike
MILAN – S&P Global ratings said on Friday it had raised Italy’s Saipem to ‘BB’ from ‘BB-‘ on the energy services group’s 2 billion euros ($2.21 billion) capital hike planned for this…
S&P Global sees Russia-Ukraine insurance losses of $16-35 billion
LONDON – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses totalling $6-15…
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
LONDON – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This includes possible aviation insurance losses totalling $6-15…
S&P Global forecasts 8.5% contraction in Russia’s economy in 2022
(Reuters) – S&P Global cut its 2022 GDP growth estimate for Russia by more than 11 percentage points to an 8.5% contraction, while its forecasts for Poland and Turkey were shaved by…
Ratings firm S&P Global cuts euro zone growth forecast to 3.3%
LONDON – Credit rating agency S&P Global cut its euro zone growth forecast for the year on Monday to 3.3% from 4.4% previously, saying higher energy prices caused by the Russia-Ukraine war…
S&P to end this year 1% lower amid Ukraine crisis – Goldman
– The S&P 500 index will end 2022 about 1% lower as commodity prices surge and the outlook for global economic growth weakens amid the conflict in Ukraine, Goldman Sachs said. Goldman…
S&P Global affirms U.S. rating at ‘AA+/A-1+’
– S&P Global on Tuesday reaffirmed its sovereign rating for the United States at ‘AA+/A-1+’, the second highest rating by the agency even as the country battles inflationary pressures. The country’s economic…
S&P lowers Russia’s foreign currency rating to ‘BB+’
– Rating agency S&P said on Friday it lowered Russia’s long-term foreign currency sovereign credit ratings to ‘BB+/B’ from ‘BBB-/A-3’ and local currency ratings to ‘BBB-/A-3’ from ‘BBB/A-2’. The sanctions announced on…
S&P Global warns of rating downgrades after Russia’s Ukraine invasion
LONDON – Russia’s invasion of Ukraine could cause a spate of credit rating downgrades S&P Global said on Friday, warning the global economy, and Europe especially, now faced a starkly different picture…
S&P 500 confirms correction as stocks stumble on war fears
By Chuck Mikolajczak NEW YORK – The S&P 500’s 1% slump on Tuesday confirmed that the world’s most watched stock index was in a correction for the first time since the 2020…
S&P 500 down 2% as Ukraine crisis sparks flight to safety
– U.S. stocks tumbled on Thursday, with investors hastening a move late in the session toward defensive sectors and safe havens such as U.S. bonds and gold as geopolitical tensions between Washington…
Emerging markets better equipped to deal with Fed rate hike cycle – S&P
LONDON – Financing conditions have tightened for emerging markets both domestically and externally but they are better prepared to handle the U.S. Federal Reserve’s upcoming monetary tightening policy cycle, ratings agency S&P…
Goldman Sachs cuts S&P 500 forecast to under 5,000 as inflation worsens
– Goldman Sachs has tempered its outlook for the S&P 500 index, expecting it to stay below the 5,000 mark this year as rising inflation threatens to derail a nascent recovery in…
Nasdaq Expected To Underperform The S&P 500 For First Time In Over 5 Years
The Nasdaq Composite, a technology-heavy index of publicly-traded companies, is set to underperform the S&P 500 for the first time since 2016, according to CNBC. The S&P 500, a stock market index…
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