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Moody's Knocks Illinois Credit Rating; Second Downgrade in Four Days
Editor of Reboot Illinois
Two ratings agencies this week downgraded Illinois' credit rating. What does this mean to you? Mainly it means that more of your tax dollars now will go toward paying interest on state borrowing.
New Jersey's Credit Rating Has Been Cut 8 Times Since Chris Christie Took Office
“New Jersey continues to struggle with structural imbalance and the governor's decision to reduce pension contributions in
Abercrombie's Earnings Plunge As Teen Retailer's Struggles Continue
Caitlyn Becker joins Mike to discuss the status of teen retailer Abercrombie & Fitch.
Gold Is Poised to Rally Mid-Summer
Co-creator of Earth Gratitude & author of The Gratitude Game, ...
Wall Street's rally has tarnished gold's allure, but that could all change over summer, when politicians go to war over the debt ceiling, particularly if Fitch makes good on their downgrade warning.
Detroit Default Possible If Payments Aren't Made Under Restructuring Plan: Fitch Ratings
By Reuters, Reuters
June 14 (Reuters) - Credit rating agency Fitch said it would consider Detroit to be in default if it stops making payments
Are You Cool Enough to Shop at Abercrombie & Fitch?
Author, People I Want to Punch in the Throat: Competitive Craf...
Teenagers are still children. And when a major company tells a teenager that they're not worthy of shopping at their store because her ass is too big, what does that say to her?
Does The Philippines Deserve Its Investment Grade?
Over the past decade the Philippines' sovereign credit rating oscillated between "negative" and "stable," reflecting concern about the ability of the government to collect sufficient tax revenue, manage its budget, and sustain a high rate of GDP growth.
Fitch Downgrades UK, Citing 90% Debt Threshold Used In Discredited Austerity Research
"A downgrade of the U.K.'s 'AAA' sovereign rating would likely be triggered by ... General government gross debt failing
Spain Credit Rating Downgraded, Faces 'Crisis Of Huge Proportions'
By Reuters, Reuters
On Thursday Rajoy said he was determined to stick to austerity measures even though they are aggravating the economic slump
MF Global CFO To S&P Before Collapse: We've 'Never Been Stronger'
By Reuters, Reuters
* One week after email to S&P, MF Global failed MF Global's collapse was partially triggered by Moody's Oct. 24 downgrade
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Detroit's Old Games Are Over
Turnaround consultant and former emergency financial manager f...
Those of us in the turnaround world have been waiting for decades for the City of Detroit to be in its current dismal financial condition with no easy way out. It is finally the time when people must step up and take positive actions.
Moody's Downgrades Belgium's Credit Rating
The ratings agency lowered Belgium's local- and foreign-currency government bond ratings to Aa3 from Aa1. The new rating
Ford Profits Higher Than Forecast, May Lead To Return Of Dividends
Ford shares were down 7 cents to $12.36 in premarket trade. (Bernie Woodall and Ben Klayman) - Ford Motor Co posted lower
Do Credit Ratings Still Have Meaning?
Which is a safer investment: (A) Treasury bonds, backed by the full faith and credit of the U.S. government, or (B) securities
S&P's Mortgage Ratings History Being Investigated By Justice Department
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly
State Credit Ratings Across The Nation: Tax Foundation
But downgrades would have a serious impact on everyday Americans across the board, Frank Shafroth, director of the Center
Credit Ratings Around The World, According To S&P, Moody's And Fitch (INTERACTIVE GRAPHICS)
Moody's, via ChartsBin: Fitch, via ChartsBin: via chartsbin.com The charts below show the credit rating for each country
Did Pimco Play a Role In S&P's Downgrade of U.S.Debt
Raymond J. Learsy
On Friday S&P downgraded U.S debt from AAA to AA+, the first such downgrade in the nation's history resulting in grave concerns over the outlook for the U.S. economy. Yet simultaneously they must have been popping champagne corks at Pimco.
U.S. Inches Closer To Downgrade With No Debt Ceiling Deal In Sight
"If you get a small agreement, that will lead to a downgrade," he said in the July 14 interview. S&P would likely be the
Greece's Credit Rating Pushed Deeper Into Junk Status By Fitch
ATHENS - Fitch pushed Greece's credit rating deeper into junk territory on Friday, warning of even further downgrades if
Moody's Drops Ireland Sovereign Rating Two Notches As Euro Falls
"It's absolutely all about growth now. I think we've parked the banking issue which is a positive and you can get that from
End Of Credit Rating Agencies? SEC Wants To Wean Market Off
In 2009 the agency stripped some rating references from regulations, saying it was concerned about undue reliance on the
Fixing FUBAR: Next Week in Washington D.C.
President, Tavakoli Structured Finance
None of the issues I'll talk about next week at the Federal Housing Finance Agency's summit is new, and "financial reform" is late to the party and dead on arrival.
Let's Dump The Rating Agencies
Mentor, entrepreneur and award-winning journalist
The time has come to recognize that rating agencies are research firms, and they are not deities endowed with inalienable rights to dictate the quality of investments.
Peter Baker and David Herszenhorn: Wall Street Reform Reporting Lacking
Joseph A. Palermo
Author, historian, professor
After all the suffering caused by the massive layoffs and home foreclosures that have devastated communities, the best our elite journalists can do is tell us that they have no way to discern who is lying and who is telling the truth?
A Reasonable Case For Regulation
Rep. Jackie Speier
Congresswoman representing California's 14th congressional dis...
How would you feel if you discovered that a highly-rated bond received its grade not because the company is strong, but because the rating agency assumed the government would bail the company out?
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