Standard & Poor's will probably drop the credit ratings of France and five other European countries by one or two notches if the region slips into recession and government borrowings increase, the rating agency said... more
Beleaguered Italian premier Silvio Berlusconi declared war on Standard & Poor's as the rating agency added to the nation's woes with a surprise slashing of its sovereign credit score... more
Beleaguered ratings agency Standard & Poor's sparked amazement by giving the toxic subprime sludge behind the financial crisis a better credit rating than the US economy... more
Fresh from incurring the wrath of the US president by slashing the credit rating of the world's biggest economy, the president of Standard & Poor's is abruptly moving on to "new challenges"... more
Ratings agency Standard & Poor's set to pay the price for daring to strip the US of its AAA credit rating amid reports of a probe into its ratings of toxic mortgage-backed bonds before the credit crunch... more
The United States had its triple-A rating confirmed by two key ratings agencies after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain... more
The United States has a 50-50 chance of losing its prized triple-A credit rating within 90 days unless politicians strike a deal on raising its $14.3 billion (£8.9 billion) debt ceiling, ratings agency Standard & Poor's has warned... more
Not emerging from the Goldman Sachs CDO affair smelling of roses — perhaps predictably, given their track record — are the credit-rating agencies... more
The Greek parliament passes an austerity budget full of public sector spending cuts as it attempts to slash the country's huge debts and reassure the markets... more
London-listed Indian mining group Vedanta's huge debt mountain threatened to cast a long-term shadow over its expansion plans as credit rating agency Standard & Poor's said it had placed the group on its CreditWatch list with "negative implications"... more
Power station operator Drax raised £108.2million to reduce its £370 million debt burden after its credit rating was downgraded by Standard & Poor's... more
Ireland had its sovereign debt rating slashed for the second time in two months, and was warned it could face further downgrades after Standard & Poor’s said it would cost more than expected to bail out the country’s banks ... more
Sterling fell sharply after credit ratings agency Standard & Poor's cut its outlook for the UK on fears over ballooning levels of Government debt... more
Banking: Proposed changes to how banks assess risks in their trading books would require them to hold more capital and should discourage them from taking excessive risks... more
Finance: The US Federal Reserve has set a goal of buying $500 billion in mortgage-backed securities by mid-2009 in a bid to bring down mortgage costs and restart the collapsing housing market... more
Collapsing house prices are plunging 60,000 homeowners a month into negative equity, putting the country on course for a worse crisis than the Nineties property crash... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
8°c
