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Fitch Threatens To Cut US Credit Rating As Debt-Ceiling Battle Looms

January 9, 2019

Fitch Threatens To Cut US Credit Rating As Debt-Ceiling Battle Looms In what has become a perennial exercise before every debt-ceiling showdown since at least Obama’s first term (when S&P did the unthinkable and cut the US’s coveted AAA credit rating, exposing itself to extensive abuse by Tim Geithner), ratings agencies are starting to beat […]

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Italy’s Debt Crisis Thickens

October 19, 2018

Italy’s Debt Crisis Thickens But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.” Italy’s government bonds are sinking and their yields are spiking. There are plenty of reasons, including possible downgrades by Moody’s and/or Standard and Poor’s later this month. If it is a one-notch downgrade, Italy’s credit rating will […]

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Italian Bonds Slide After Official Warns Credit Rating Downgrade Possible

October 17, 2018

Italian Bonds Slide After Official Warns Credit Rating Downgrade Possible After starting off strong, Italian 10Y Yields have leaked wider all morning after a senior government official said on Wednesday that Italy’s 2019 budget may be rejected by the European Commission and a credit rating downgrade is also possible. “Let’s say that the premise is […]

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Moody’s Threatens US Downgrade Due To Soaring Debt, “Fiscal Deterioration”

February 9, 2018

Moody’s Threatens US Downgrade Due To Soaring Debt, “Fiscal Deterioration” Back in 2011, Standard & Poors’ shocked the world, and the Obama administration, when it dared to downgrade the US from its vaunted AAA rating, something that had never happened before (and led to the resignation of S&P’s CEO and a dramatic crackdown on the […]

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China Downgrades US Credit Rating From A- To BBB+, Warns US Insolvency Would “Detonate Next Crisis”

January 16, 2018

China Downgrades US Credit Rating From A- To BBB+, Warns US Insolvency Would “Detonate Next Crisis” In its latest reminder that China is a (for now) happy holder of some $1.2 trillion in US Treasurys, Chinese credit rating agency Dagong downgraded US sovereign ratings from A- to BBB+ overnight, citing “deficiencies in US political ecology” […]

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Connecticut Capital Hartford Downgraded To Deep Junk, S&P Says “Default Virtual Certainty”

September 26, 2017

Connecticut Capital Hartford Downgraded To Deep Junk, S&P Says “Default Virtual Certainty” Two months after S&P downgraded the state capital of Connecticut, Hartford, to junk, when it cuts its bond rating from BB+ to BB- citing growing liquidity pressures and weaker market access, the city which has been rumored is preparing to file for bankruptcy […]

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S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth

September 21, 2017

S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth Four months after Moody’s downgraded China to A1 from Aa3, unwittingly launching a startling surge in the Yuan as Beijing set forth to “prove” just how stable China truly is, moments ago S&P followed suit when the rating agency also downgraded China from […]

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China “National Team” Rescues Stocks As Downgrade Crushes Commodities

May 24, 2017

China “National Team” Rescues Stocks As Downgrade Crushes Commodities Iron ore led a slump in industrial commodities after Moody’s Investor Service downgraded China’s credit rating and warned that the country’s debt position will worsen as its economic expansion slows. However, one glance at the divergence between industrial metals’ collapse and the sudden buying panic in […]

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Moody’s Downgrades France, Blames “Political Constraints”, Sees No Material Reduction In Debt Burden

September 19, 2015

Moody’s Downgrades France, Blames “Political Constraints”, Sees No Material Reduction In Debt Burden Citing “continuing weakness in the medium-term growth outlook,” Moody’s has downgraded France: *FRANCE CUT TO Aa2 FROM Aa1 BY MOODY’S, OUTLOOK TO STABLE Apearing to blame The EU’s “institutional and political constraints,” Moody’s expects French growth to be at most 1.5% and does not expect the debt […]

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Fitch Downgrades Japan To A From A+

April 27, 2015

Fitch Downgrades Japan To A From A+ With the USDJPY’s ascent to 125, 150 and higher having seemingly stalled just under 120, with concerns that the BOJ may not monetize more than 100% of its net debt issuance suddenly surfacing, the BOJ and the Nikkei would take any help they could get. They got just […]

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S&P Cuts Russia To Junk, Ruble Plunges To 6-Week Lows – Full Text

January 26, 2015

S&P Cuts Russia To Junk, Ruble Plunges To 6-Week Lows – Full Text With the Ruble having plunged 3 handles today alone, it appears perhaps more than a few could see this coming… RUSSIAN FEDERATION RATINGS CUT TO JUNK BY S&P RUSSIAN FEDERATION CUT TO BB+ FROM BBB- BY S&P; OUTLOOK NEG Putting it below […]

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Fitch Downgrades Ontario Long-Term Debt, Notes Risks On Path To Balanced Budget

December 20, 2014

Fitch Downgrades Ontario Long-Term Debt, Notes Risks On Path To Balanced Budget. TORONTO – Fitch Ratings downgraded Ontario’s long-term debt rating Friday, highlighting “risks” on the path to the Liberal government’s target of balancing the budget by 2017-18. The rating agency cut its long-term issuer default rating to AA- from AA, saying “difficult actions” will […]

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The Three Reasons Why Moody’s Just Downgraded Japan From Aa3 To A1 | Zero Hedge

December 1, 2014

The Three Reasons Why Moody’s Just Downgraded Japan From Aa3 To A1 | Zero Hedge. Less than two weeks ago we were delighted to remind S&P that about a year ago, the laughable rating agency which is now terrified of being sued any time it tells the truth, promised it would downgrade Japan the moment things […]

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