Austria Stable at AAA: Moody's
Moody's kept Austria's credit rating stable at AAA on Friday, but warned about the effects of the debt crisis not just on Austria but also on other euro zone countries.
S&P Downgrades Hungary to Junk After It Defies IMF and EU
Hungary was downgraded to junk for the second time in a month, this time by S&P, after Moody's took a similar action previously, but markets reacted little to the news.
Euro Zone Solution ‘Technically and Politically Beyond Reach’: Fitch
Fitch Ratings on Friday advocated deeper involvement by the European Central Bank, something that Germany has been fighting against.
S&P, Fitch Cut Ratings of 17 Banks in U.S., Europe
S&P clips 10 in Spain, Fitch hits BofA and Goldman.
Investing in 'The Lucky Country' via ETFs
Unlike Europe (and the U.S.), the Australian government has very low overall debt levels and projects a budget surplus in 2012.
S&P Warns on Possible Downgrade of EU, Banks
Standard & Poor's, continuing a theme it began earlier this week, said Wednesday that the European Union itself could face the loss of its AAA credit rating, as could large euro zone banks.
EU Watchdog Growls at Ratings Agencies
The European Union agency that presides over the ratings actions of the likes of Moody's, Standard & Poor's, and Fitch Ratings has begun an investigation into how they arrive at rankings for sovereign bonds and other debt, and it warns that if wrongdoing is uncovered, the penalties could be severe.
Eurozone Ministers May Seek IMF Help
Although eurozone ministers agreed Tuesday to boost the value of the rescue fund, they acknowledged that they might call on the International Monetary Fund for help to do so after Italy's borrowing costs soared nearly to 8%, a euro lifetime high.
China Cuts Reserve Ratio
In a sign that China's red-hot economy is cooling down, for the first time in three years Beijing took the brakes off. China's central bank cut the required reserve ratio for the country's banks, in an action taken Wednesday that was designed to ease credit and boost economic activity.
S&P Ratings Overhaul Hits Banks Hard
Standard & Poor's revamped its ratings criteria and lowered the ratings of 15 U.S. and European banks by one notch on Tuesday, leaving 20 more bank ratings unchanged and raising two by a notch apiece.