Advertisement

Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Friday 24 March 2023 Dublin: 8°C

# Standard & Poor's

All time
# Unexpected
Credit ratings agency upgrades Ireland, outlook now positive
Some good news for the economy this morning…
# Credit Ratings
S&P improves outlook for Irish credit rating after prom note deal
Exchanging promissory notes for long-term bonds “should reduce the government’s debt-servicing costs and lower refinancing risk.”
# Credit Rating
S&P faces US govt suit over mortgage bond ratings
The credit risk agency promised a vigorous defense, saying the looming lawsuit would be “entirely without factual or legal merit.”
# Italy
Italian prosecutor files charges against ratings agencies
The lawyer has brought charges against Standard & Poor’s and Fitch ratings agencies for downgrading Italy’s credit rating and helping to fuel the euro crisis.
# Eurozone
S&P downgrades Spain two notches
Spain’s sovereign debt rating has been cut to just one level above “junk” grade debt – which could see Madrid’s borrowing costs skyrocketing to untenable levels.
# Rain on our parade
S&P: Return to markets is promising - but we won't increase Ireland's rating
The return to the bond markets is “an indication of progress”, it says – but the cost of borrowing is still way too high.
# AAA
UK to keep triple-A rating, says Standard & Poor's
The good news comes despite a slip into recession earlier this year.
# Moody's
Moody's downgrades Italy by two notches
The credit rating agency has downgraded the third largest eurozone economy just hours ahead of its latest bond sale.
# 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.
# Downgrade
S&P downgrades Greece into 'selective default' territory
The ratings agency demonstrates it can read, by officially acknowledging that Greece’s bond-swap is a ‘selective default’.
# EFSF
EU bailout fund overcomes downgrade with successful bond auction
The EFSF sells six-month bills with an average interest rate of 0.2664 per cent – despite being downgraded yesterday.
# Downgrade
Bailout costs likely to rise after S&P downgrades EU fund
Standard & Poor’s downgrades the European Financial Stability Fund, meaning our future loans will probably cost us more.
# Moody's
Safe: Moody's says it will maintain France's AAA rating
It follows Standard & Poor’s downgrade of France and others on Friday.
# Eurozone
Standard & Poor's defends mass European downgrade
The US-based credit rating agency has defended its decision after a sharp European backlash yesterday against its move to downgrade nine EU countries.
# Eurozone
Rehn slams 'inconsistent' credit rating downgrade
The European Commissioner for Economic and Monetary affairs has strongly criticised yesterday’s decision by Standard & Poor’s, saying that member states had been taking “decisive action in all fronts” to stem the debt crisis.
# 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.
# Daily Fix
The Daily Fix: Friday
In tonight’s fix: Downgrades for France – and difficulty for us? Plus: yet more rows over septic tanks, victory for workers at La Senza, and every presentation you’ve ever seen…
# Review 2011
Recessions, downgrades and Super Mario - 2011: the year in money
2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.
# Credit Ratings
Second ratings agency set to downgrade EU member states
Moody’s follows the lead of Standard & Poor’s, complaining about “the absence of measures to stabilise credit markets”.
# 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.
# Power Struggle
S&P boss steps down, weeks after unprecedented US downgrade
Deven Sharma, the president of Standard & Poor’s, will step down within a month after facing criticism for lowering the US’s rating.
# AAA
Lucky you: France will keep its AAA rating, says S&P
Concerns had been raised over exposure to Greek debt and zero economic growth.
# China
Don't worry: US VP heads to China after criticism over downgrade
China was less than kind about the US’s recent downgrading by Standard & Poor’s.
# 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.
# Insider Trading
US markets watchdog investigating alleged insider trading at S&P
The Securities and Exchange Commission is reportedly asking Standard & Poor’s to account for anyone who knew about the US downgrade.
# Downgraded
Downgraded: US loses AAA credit rating for the first time ever
Standard & Poor’s decision makes it the first time the US’ credit rating has fallen below the highest level, AAA, which it has held since 1917.
# 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.
# Junk
Department of Finance 'disappointed' by Ireland's junk status
Moody’s decision to downgrade appears to indicate we’ll need a second bailout.
# Beratings
EU Commission criticises ratings agencies
Commission President Barroso suggests market “bias” against European countries because of agencies’ reports.
# Greece
Greece's second bailout is delayed - but payments will continue
A deal on a second bailout is deferred over disputes on how much help the private sector should have to offer.
# 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.
# Shock
Ireland can avoid a second bailout in 2012, says S&P
Some good news? Really? A senior director at Standard & Poor’s says we’ll be able to borrow without international help.
# Poll
Poll: Have house prices REALLY hit rock bottom?
A report by credit ratings agency Standard & Poor’s has good news and bad news about Irish property prices. But what do you think?
# 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.
# Daily Fix
The Daily Fix: April Fool's Day
TheJournal.ie’s daily guide to what’s been going on for the last 24 hours: credit ratings, Cork visits and Kerry presidents?
# 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.