Brazil now boasts an investment grade sovereign debt rating, which it gained in 2008.
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Moody's had already cut Spain's sovereign debt rating from the top, triple-A rating to Aa1 in September.
Moody's has downgraded Japan's sovereign debt rating twice in the past two years.
Rather tight, perhaps, especially since the company was this week put on negative watch by Moody's (the agency that boosted Russia's sovereign debt rating to investment grade three weeks ago).
Moody's is considering revising sovereign debt rating criteria.
All three major credit rating agencies have threatened to reduce the US sovereign debt rating a notch to AA if the debt ceiling is not raised and if the US budget remains in deep deficit.
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This could happen if Japan's sovereign-debt rating falls another notch, which given the country's worsening finances could easily happen.
Last week, the firm cut Cyprus's sovereign-debt rating a notch to triple-C from triple-C-plus, saying it sees the economy now shrinking 6%, heightening the risk that Cyprus may not be able to meet the terms set for the loan.
Barnier proposed banning credit agencies from rating the sovereign debt of countries undergoing bailouts.
The continued deterioration in the European sovereign debt crisis has spurred a flurry of credit rating actions the last couple of days.
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The bottom line is that the AAA rating on U.S. sovereign debt is pure politics.
Given that uncertainty, it should immediately reduce its rating on U.S. sovereign debt several notches below AAA. Then if the U.S. does get its fiscal house in order, the AAA rating could be restored.
This follows after credit rating agency Fitch warned last month that the UK could lose the top rating if the government does not reduce its sovereign debt.
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Proud of being the most stable institution in Venezuela (and possibly all of Latin America), PDVSA employees now grouse because their company's credit rating was cut a notch to Ba1 earlier this year by Moody's, moving it closer to the B3 rating of crisis-prone Venezuela's sovereign debt.
Moody's, a rating agency, considers them more secure than Malaysia's sovereign debt.
Participants were reacting to the loss of high-quality Libyan crude and its subsequent faster-than-expected resumption, Middle East unrest, the U.S. credit-rating downgrade over the summer, and the ongoing euro-zone sovereign-debt crisis.
On July 17th, Moody's, a credit-rating agency, gave warning that it was considering downgrading South Africa's sovereign debt to sub-investment grade, a move that would deter much-needed foreign investment.
Steep downgrades of the sovereign-debt ratings of countries such as Portugal, Greece and Ireland would probably translate into immediate rating cuts for their banks, as well as higher capital charges on banks' debt holdings and bigger haircuts when using this debt as collateral.
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