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Wednesday 31 May 2023 Dublin: 12°C

# Ratings Agency

All time
# cyber crime bureau
Gardaí cut backlog of child sex abuse case analysis in half, but long delays remain
At one stage, it could take five years before gardaí would get to a case because of the volume of material for analysis.
# Thumbs up
Ratings agency S&P is a Ryanair fan, praising ‘industry-leading operating efficiency’
The ratings agency did however note Ryanair’s ‘reputation for providing less customer-friendly services than some of its peers’.
# already?
Moody's give new ESM an AAA rating - but outlook is negative
Moody’s said that a ‘weakening in the political commitment’ among eurozone states towards the ESM would have negative implications.
# Negative outlook
Moody's issues negative outlook warning for Germany
Ratings agency also revised stable outlooks for the Netherlands and Luxembourg to ‘negative’.
# Recession
Bad day for Spain: Record unemployment AND a credit downgrade
Almost one quarter of the workforce is unemployed, according to the latest figures out today.
# yes really
Fitch ratings agency upgrades Greece
The move follows a crucial bond swap with private creditors by Greece at the weekend, which knocked over €100 billion off the country’s national debt.
# State Assets
Moody's backs 'credit positive' sale of state assets
In its weekly credit outlook, Moody’s welcomes the plans to sell state assets – but that our position remains “challenging”.
# Uh-Oh
Fitch: 'Highly likely' that Greece will default soon
The ratings agency has downgraded Greece just one day after EU leaders agreed on a €130 billion bailout deal for the country.
# Credit Rating
Moody's downgrades six European countries - and warns of more to come
France and the UK were both warned that they could lose their coveted AAA credit rating.
# Downgraded
Two ratings agencies downgrade Spanish banks
Fitch cut the ratings on four of Spain’s financial institutions – while S&P downgraded 15.
# Ratings
Irish semi-states moved from Standard and Poor's 'watch' list
Bord Gais, the DAA and the ESB are currently rated ‘negative’ by S&P.
# Downgrade
S&P runs riot in the eurozone: France loses AAA rating as Portugal turns to junk
A French downgrade is bad news for us, too – because Europe’s bailout fund is also likely to be downgraded by S&P.
# Downgraded
Fitch ratings agency downgrades Hungary to junk status
The agency also said there was a more than 50 per cent chance of another downgrade within two years.
# eurocrisis
Ratings agency may downgrade Ireland - and 5 other eurozone countries
Fitch ratings agency has this evening said it is considering downgrading Ireland, Italy, Spain, Belgium, Slovenia and Cyprus by one or two notches.
# Growth
Ireland's economic growth forecast to hit just 1 per cent next year
Moody’s says that the fragility of the state’s economic recovery coupled with recent eurozone pressures mean growth won’t hit the govt target for 2012.
# On notice
S&P puts whole of European Union on notice of possible downgrade
The rating agency’s latest move follows a similar measure imposed on most eurozone countries earlier this week.
# Banks
S&P downgrades major US banks
The agency’s latest credit ratings downgrades include Bank of America, Goldman Sachs and JPMorgan Chase.
# Eurozone
'The situation in the euro area is rapidly deteriorating,' says OECD
Fresh warnings over health of the eurozone as the OECD and Moody’s voice concerns over continuing spread of debt contagion.
# France
Concern for France's AAA rating as 10-year bond yields rise
Investors are becoming increasingly concerned about France’s overall debt and deficit levels.
# France
Moody's warns on France's credit rating
The agency says it may put France’s Aaa rating on negative outlook in the coming months over a weakening in the government’s financial position.
# Italy
Italy's credit rating slashed by Standard and Poor's
The agency said a “weakening” economy and fragile government were putting the country at risk.
# Ratings Agency
How did ratings agencies become so powerful? Trains and recessions, that’s how
In the aftermath of the debt downgrade, people are wondering how S&P and the likes became so powerful. Here’s the answer.
# US Debt
Obama and Boehner spar over mounting US debt crisis
The US president has called for a “balanced approach” to the crisis, but the House Speaker says Obama cannot have a “blank cheque” for it.
# Junk
European Commission slams "incomprehensible" Moody's downgrade
Jose Manuel Barroso’s spokesman says the Commission can’t understand why Moody’s is taking such a dim view.
# Bondwatch
Irish bond prices rocket - again - on 'junk' downgrade
If Ireland borrowed for two years, it would have to pay 18.6 per cent interest – 14 times what Germany would.
# Beratings
EU Commission criticises ratings agencies
Commission President Barroso suggests market “bias” against European countries because of agencies’ reports.
# Credit Ratings
Greece's credit rating now the lowest in the world
Standard & Poor’s drops Greece another three notches and says any restructure will be considered a sovereign default.
# House Prices
House prices hit rock bottom - but they won't rise again anytime soon
Standard & Poor’s said in a report that house prices in Ireland are currently at pre-2000 levels of affordability but it sees no sign of the market being active over the next couple of years.
LIVE
US government bonds put on 'negative' watchlist by S&P
The very benchmark of government financial reliability – the US Treasury bond – is given a talking-to by Standard & Poor’s.
# Eurozone
Portuguese bond yields soar after overnight debt downgrade
Portugal’s crisis is taking the shine off the EU summit in Brussels, where leaders have put the finishing touches to a “comprehensive package” in response to the financial crisis.
# Debt
Moody's downgrades Greece again but says Irish ratings cut is not imminent
The ratings agency is closely monitoring Ireland’s attempt to negotiate better terms on the EU/IMF deal – but has said it did not have imminent plans to downgrade Ireland.
# Spanish economy
Moody's warns of downgrade to Spanish debt
The ratings agency says it’s considering a downgrade for Spain – but the news doesn’t make a major impact on bond markets.
# Downgraded
Anglo Irish Bank credit rating downgraded to junk
More bad news for Irish banks with latest round of credit downgrades.
# Credit Rating
Fitch downgrades Ireland, sets outlook to negative
The agency points to the cost of the Anglo bailout to explain the downgrade.
# Financial Times
At least the FT is entertained by our downgrade
S&P downgrades Ireland’s rating. FT says: at least it’s kept us amused on a quiet day.
# Credit Rating
Agency cuts Portugal's credit rating