Detroit disputes it would have to pay more based on the downgrade alone.
Why, then, did it take him three days to comment on the downgrade?
On the day of the rating downgrade the government lost five parliamentary votes, largely because some PdL deputies failed to turn up.
The brinkmanship that preceded the increase in the debt ceiling on August 2nd, the downgrade to America's credit rating and the fiscal turbulence in Europe, are the sorts of things that could produce a self-fulfilling collapse in confidence.
However, the Fitch ratings agency late Wednesday issued another downgrade on the financial outlook for Greece.
FORBES: Comex Gold Steady-Weak, Silver Lower as Risk Aversion Back in the Market Place
Fitch Ratings, in turn, said it would keep the Bermuda-based brokerage firm on watch for a possible downgrade, depending on how the full refinancing of the loan goes.
For all of these reasons, we have placed an Undervalued rating on Cephalon and will not downgrade it based on the improving fundamentals seen in this earnings report.
The effect of the downgrade on interest rates and foreign investments in Treasuries is also uncertain as of yet.
But last month, Fitch warned of a credit downgrade on the U.S. if it did not make substantial cuts to the budget, as was promised nearly three years ago.
He also blamed the downgrade on the economic management of previous governments and added that France was still committed to cutting its public deficit to 3% of output next year.
The firm already is betting that the pound will fall against the Australian and New Zealand dollars, reflecting the firm's downbeat view on the U.K. economy, and he wouldn't necessarily increase the negative view on sterling if a downgrade materialized.
With Italian debt and equity markets trading heavy overall, the rating agencies are being watched carefully as an imminent downgrade rumor swirls on the Twittersphere.
The chancellor came out fighting, on Monday, in the wake of that downgrade by Moody's.
That contrasts with about two dozen that have been on the receiving end of a downgrade.
Meanwhile, Moody's Investors Service has embarked on an expanding downgrade of the sector.
If they fail to follow through on their downgrade warnings, the rating agencies will lose whatever credibility they have left.
An increase in the pace of diversification away from a weak dollar, in light of the recent downgrade and political impasse on fiscal policies, could be a drag on the economy.
Why had the credit rating agency promised him a delay in an inevitable downgrade when the company was on the brink of failure?
FORBES: SEC Proposal On Ratings Agencies Leaves Out Payment Conflicts
The market recovered from its pre-U.S. downgrade lows on Monday, but where is the serious money going these days?
Fitch Ratings warned on Wednesday that it could downgrade the UK in the next few years if the government does not contain the level of public debt.
As if to underline the point, yields on US Treasury bonds actually fell in the days after the downgrade, as investors fled to them as a haven.
The U.S. could suffer a downgrade on its debt, raising borrowing costs when Congress does eventually raise the limit.
FORBES: Debt Ceiling: GOP Is Rightly Backing Down On Shutdown Threats
Professor Peter Spencer, the Item Club's chief economic adviser, said its downgrade was mainly due to the squeeze on household income.
Since the EFSF depends partly on France for its own credit rating, a French downgrade could undermine the rescue fund just when it is most needed.
And the budget deficit has led the US ratings agency, Standard and Poors, to put the currency on review for a possible downgrade.
With one eye on the global rating agencies that threatened to downgrade India to junk status, P Chidambaram has ruthlessly slashed expenditure in 2012-13 to contain the fiscal deficit.
According to JP Morgan, in all those instances, yields traded, on average, flat the day after the downgrade and up only 2 to 5 basis points during the following week.
Another measure: in September the number of companies on watch for a downgrade was higher than those awaiting an upgrade, again according to Moody's.
应用推荐