Fitch's warning comes after S&P
Global Ratings downgraded China's long - term sovereign credit rating by one notch last week to A + from AA -, citing increasing risks from the country's rapid build - up of credit.
Not exact matches
The U.K. could suffer another
ratings downgrade after a General Election led to a hung parliament, Moritz Kraemer, sovereign chief
ratings officer at S&P
Global, told CNBC on Friday.
Shares in China also respond to a decision from S&P
Global Ratings to
downgrade China's long - term sovereign credit
rating on Thursday.
Not going to happen, especially in light of the blanket Moody's
downgrade just announced for all the Canadian banks, although still very highly
rated versus
global peers (RY to A1 from Aa3).
The
global trading firm Susquehanna recently
downgraded the stock to a negative
rating from neutral.
China's credit
rating was
downgraded one notch to A + by
ratings agency Standard & Poor's (S&P), which cited increased economic and financial risks, following the significant rise in the country's debt levels since the
global financial crisis.
The recent
ratings downgrades by both Moody's and S&P Global Ratings have placed the State of Illinois general obligation bonds on the edge of becomin
ratings downgrades by both Moody's and S&P
Global Ratings have placed the State of Illinois general obligation bonds on the edge of becomin
Ratings have placed the State of Illinois general obligation bonds on the edge of becoming junk.
Patrick Strollo of the Pittsburgh - based Federated Investors said he had intended to stay away from Oyster Bay after S&P
Global Ratings again
downgraded the town in 2013, but was drawn back when he was offered securities insurance and a higher interest
rate.
While the city's bond
rating was
downgraded to A +, the third - highest grade issued by S&P
Global Ratings, last year, the agency improved the city's outlook to «stable» due to the city increasing non-property tax revenues, decreasing discretionary spending and securing $ 12.5 million from the state that wasn't an advance on payments the state owes the city for the Empire State Plaza.
New Jersey has seen its credit
downgraded repeatedly by Fitch
Ratings, Moody's Investors Service and S&P
Global Ratings under Christie, mostly due to its deeply distressed $ 75 billion pension system and rapidly rising costs for health care.
«The latter included China's stock market collapse and its
global repercussions and effects on commodity prices; the Aug. 11 devaluation of the renminbi; the
downgrade of Brazilian debt to junk status by Standard and Poor's on Sept. 9; and the major uncertainties surrounding the possible increase of the U.S. Federal Reserve funds
rate.
The recent
ratings downgrades by both Moody's and S&P Global Ratings have placed the State of Illinois general obligation bonds on the edge of becomin
ratings downgrades by both Moody's and S&P
Global Ratings have placed the State of Illinois general obligation bonds on the edge of becomin
Ratings have placed the State of Illinois general obligation bonds on the edge of becoming junk.
So in a nutshell: a
rating agency makes a mistake, doesn't own up to it, announces the first
downgrade of U.S. debt in history, allows said
downgrade to leak two days prior to announcement and inadvertently touches off the worst market volatility since the
Global Financial Crisis.
The VanEck Vectors
Global Fallen Angel High Yield Bond UCITS ETF is designed to enable investors to benefit from temporary misvaluation as a result of credit
rating downgrades.
After the purchase of CBRS by S&P, the CBRS
ratings were «harmonized» to S&P's
global rating scale which led to
downgrade of many issuers by nearly a full
rating grade.
The
ratings downgrades by two of the top three
global ratings agencies, a free - falling Rand, and spiralling consumer inflation are a sombre hat - trick which present a slew of challenges.
A critical geopolitical event elsewhere, deteriorating debt conditions in Europe, an increasing debt - to - GDP ratio in the United States, or further
downgrading of our nation's credit
rating could all push the U.S. and
global economy into a recession.
James McCormack,
Global Head of Sovereigns at Fitch
Ratings, explains on CNBC why there have been 21
downgrades so far this year, the most since 2011.
S&P
Global Ratings has said that a potential buyout of the chain would involve «significant leverage» that could lead to a
downgrade of the company's debt.