-
Fitch Ratings announced it was downgrading sovereign credit ratings for five European nations: Italy, Spain, Belgium, Slovenia, and Cyprus.
FORBES: And Here Come Some More Downgrades: Fitch Axes Italy, Spain, Others
-
BRUSSELS The European Commission is leaning toward proposing a ban on the issuing of sovereign credit ratings for countries in bailout talks, a top official said on Thursday.
FORBES: European Union Tries to Ban Free Speech
-
Then there is a debate on a European Union Committee report on Sovereign Credit Ratings - peers will ponder the findings of their the their Economic and Financial Affairs and International Trade EU Sub-Committee recently published report on those mysterious but all-powerful bodies, the credit ratings agencies.
BBC: Viewing guide: The pick of the week ahead in Parliament
-
Some suggest replacing corporate and sovereign ratings with credit-default-swap prices, but these too can be procyclical.
ECONOMIST: Reducing reliance on ratings is a worthy goal, but not easy
-
The suit says that the notes were marketed as a synthetic CDO that was tied to the performance of major companies and sovereign nations with high credit ratings.
BBC: Morgan Stanley sued over a product 'designed to fail'
-
Fitch Ratings has downgraded China's sovereign credit rating, warning about a credit build-up in the economy that could threaten the recovery.
BBC: Fitch cuts China local currency debt rating
-
The Philippines, whose sovereign credit rating was upgraded to investment grade by two ratings firms over the past two months, has been fighting the so-called hot-money inflows with several measures, including making it easier for locals to take money abroad and lowering a deposit rate for banks that do cross-border business.
WSJ: Asian Governments Take Measures to Battle Strong Currencies