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By MARCY GORDON, AP BUSINESS WRITER |
February 4, 2013
The U.S. government is expected to file civil charges against S&P, alleging that it fraudulently gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.
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By Marlene Y. Satter, AdvisorOne |
January 20, 2012
Moody's Investors Service said that many European banks and global investment banks could be in for downgrades, and that it plans to place a number of them on review by the end of March.
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By John Sullivan, AdvisorOne |
December 23, 2011
While Bloomberg continues to delight in Meredith Whitney’s bold 'prediction-that-wasn’t,' The Wall Street Journal notes she might not be so far off.
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By Marlene Y. Satter, AdvisorOne |
December 23, 2011
Moody's kept Austria's credit rating stable at AAA on Friday, but warned about the effects of the debt crisis not just on Austria but also on other euro zone countries.
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By Marlene Y. Satter, AdvisorOne |
December 12, 2011
Despite hours of negotiations at a summit meeting last week that resulted in an agreement by 26 of the 27 European Union countries for closer financial ties, Moody's Investors Service was not impressed.
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By Marlene Y. Satter, AdvisorOne |
November 28, 2011
All of Europe's credit ratings could be in danger from the escalating debt crisis, Moody's Investors Service said on Monday, and both banks and ratings agencies said that the euro zone itself is in danger of breaking up.
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By Danielle Andrus, AdvisorOne |
November 23, 2011
The Schwab Center for Financial Research released a statement, 'Beyond the Supercommittee,' late Tuesday following the Joint Select Committee on Deficit Reduction’s failure to reach an agreement on how to reduce the debt over the next 10 years.
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By Marlene Y. Satter, AdvisorOne |
September 14, 2011
Moody's Investors Service cut the ratings of two French banks on Wednesday, citing their holdings of Greek sovereign debt as the reason. Crédit Agricole and Société Générale were both downgraded a single notch.
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By Marlene Y. Satter, AdvisorOne |
August 24, 2011
Rating agency cites political situation as reason; Japan now at same level as China.
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By Staff Writer |
May 5, 2010
By James Kanter (C) The New York Times 2010 BRUSSELS -- The European Union's financial services commissioner, Michel Barnier, vented his frustration with U.S.-based credit ratings agencies...