Fitch cut its long-term rating for Argentina by five notches to CC.
Perhaps more importantly, its main operating subsidiary retains a long-term rating that would put it in the Championship rather than League One, although the short-term rating of this subsidiary has been downgraded by a notch, which the bank regards as of some significance.
Ratings agency Fitch downgraded Greece's long-term credit rating from B- to CCC on Thursday, citing the increased risk that Greece could be forced to leave the eurozone.
Ratings agency Fitch cut Greece's long-term credit rating from B- to CCC Thursday, only one notch above default level, reflecting worries over its ability to remain in the euro currency zone.
Moody's (nyse: MCO - news - people ) rating service tweaked the outlook to negative from stable on the A3 long-term issuer rating of Nomura Holdings because the Lehman purchase will edge up operating expenses.
On Oct. 28 Moody's rating service tweaked the outlook to negative from stable on the A3 long-term issuer rating of Nomura Holdings because the Lehman purchase will edge up operating expenses.
Its AA-plus long- term credit rating is better than those of Microsoft and Boeing.
Moody's placed Sony's long-term credit rating under review for a possible downgrade, citing the yen's strength, weak demand and "structural challenges" at the onetime king of consumer electronics.
Extreme volatility in the financial markets, largely due to the European debt crisis, the downgrade of the U.S. long-term debt rating and persisting unemployment, is expected to drive down trading revenue figures this quarter for large banks including Bank of America, Citigroup and Goldman Sachs.
Rating company Standard and Poor's raised the country's long-term sovereign credit rating from "stable" to "positive" last week, citing optimism about the government's ability to carry out structural changes.
After the markets closed Monday, Fitch Ratings downgraded AIG's long-term and short-term issuer default rating, as well as its senior unsecured debt and commercial paper program ratings.
Another agency, Fitch, confirmed France's triple-A rating on Friday evening, but revised its long-term outlook to "negative" from "stable".
The company supplies components for Apple Computer's iMac, a hot seller in the U.S. But Bernard Tan of Merrill Lynch has downgraded NatSteel's short-term rating to neutral, although he still has a long-term buy on it.
The economy ministry also hopes to cut its interest burden by strong-arming pension funds (over sour looks from the big rating agencies) to swap short-dated government paper for long-term bonds.
Nevertheless, in the medium term the firm will probably have to issue more long-term debt to finance itself (it hopes to gain an investment-grade credit rating this year) and raise more equity, perhaps by listing.
Given the way the rating agencies dropped the ball in Asia last year (and despite Long-Term Capital Management's near-collapse), it's no surprise that interest in quantitative models is rising.
California's bonds have been downgraded by rating agencies to leave them dangerously close to junk status because of the long-term fiscal outlook.
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