Tag Archives: ratings
‘Welcome to Myrtle Manor’ — More Cast Members Arrested
“Welcome to Myrtle Manor” — a reality show on TLC about a bunch of Southerners living in a trailer park — might be setting a brand new record … Continue reading →
Fitch Strips UK Of AAA Rating On Debt Outlook
Fears that the UK’s debt will eclipse GDP by 2015-16 prompt the ratings agency to strip the UK of top tier credit status. Continue reading →
S&P warns Russia on high costs for 2018 World Cup
MOSCOW (AP) — Many of the Russian cities hosting the 2018 World Cup will have trouble finding the money to build soccer stadiums and improve transit links and other infrastructure, the Standard & Poor's ratings agency has warned. Continue reading →
Justice Department wants states to decide S&P lawsuits
The Department of Justice opposed Standard & Poor’s efforts to move a spate of lawsuits charging the ratings agency with fraud to federal from state courts. Continue reading →
S&P comments on India hurt rupee
Reuters Market Eye – The rupee still up in quiet trade at 54.16/17; 54.0450 intraday high, vs Thursday close of 54.355/365. Pair saw some drift down on dollar selling in early trades, part of which likely related to National Aluminium Co Ltd share sale. Bids have come in for one-third of shares on offer so far, including the greenshoe option, as per exchange data. Continue reading →
TMZ Live: Judge Judy — Sued Over China Crisis
Judge Judy’s suddenly on the wrong end of a lawsuit — accused in the kind of ridiculous case that usually scores enormous ratings on her TV show. Continue reading →
S&P upgrades Portugal’s credit rating outlook to stable
LISBON (Reuters) – Standard & Poor's has revised its outlook on Portugal's “junk” BB/B sovereign ratings to stable from negative, citing new evidence that European institutions will continue to support the country's efforts to get its fiscal house in order. S&P's decision – the first outlook upgrade by a major rater since a slew of ratings downgrades in 2011-12 – came after the European Union finance ministers earlier this week commended the Portuguese and Irish authorities' strong commitment to their respective adjustment programmes. Continue reading →
S&P parent McGraw-Hill says government’s fraud case flawed
(Reuters) – The parent of credit ratings agency Standard & Poor's Corp, which was hit with a $5 billion fraud lawsuit by the U.S. government last week, fired back on Tuesday, saying it doesn't believe the government has a case. McGraw-Hill Cos Inc said S&P has a record of successfully defending itself against suits like the one by the U.S Continue reading →
U.S. government hits S&P with 3 billion pounds fraud lawsuit
(Reuters) – The U.S. government is seeking 3 billion pounds ($5 billion) in its civil lawsuit accusing Standard & Poor's of a flagrant scheme to defraud investors, in one of the Justice Department's most ambitious cases tied to the financial crisis. The lawsuit is the first by the U.S Continue reading →
S&P expects gov’t lawsuit over mortgage ratings
WASHINGTON (AP) — Standard & Poor’s says the government plans to file a civil lawsuit alleging wrongdoing by the agency when it gave high ratings to mortgage debt securities that later plunged in value and fueled the 2008 financial crisis. Continue reading →
