Credit http://www.globalpost.com/taxonomy/term/25183/all en UPDATE 2-Fitch downgrades S.Africa, cites political tensions http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-fitch-downgrades-safrica-cites-political-tensions <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Prospects for Africa's biggest economy deteriorated - Fitch</p> <p>* Fitch move expected after S&amp;P cut in October</p> <p>By Daniel Bases and Caryn Trokie</p> <p>NEW YORK, Jan 10 (Reuters) - Fitch Ratings on Thursday cut South Africa's sovereign credit rating to BBB from BBB-plus, citing rising social and political tensions and the inability of the government to implement effective reforms.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-fitch-downgrades-safrica-cites-political-tensions" target="_blank">read more</a></p> Business Credit Credit rating agencies Fitch Group Fitch Ratings Social Issues Technology Thomson Reuters Thu, 10 Jan 2013 19:45:15 +0000 Thomson Reuters 5732812 at http://www.globalpost.com UPDATE 2-Moody's downgrades Cyprus to Caa3, warns may cut more http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-moodys-downgrades-cyprus-caa3-warns-may-cut-more <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Luciana Lopez</p> <p>NEW YORK, Jan 10 (Reuters) - Moody's Investors Service slashed Cyprus's rating three notches on Thursday on an expected rise in the Mediterranean country's debt burden and warned it could cut the rating again.</p> <p>Moody's cut Cyprus to Caa3 with a negative outlook from B3, saying in a statement the country's debt burden was set to rise because of capital needs for banks hurt by exposure to crisis-wracked Greece.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-moodys-downgrades-cyprus-caa3-warns-may-cut-more" target="_blank">read more</a></p> Credit Economics Financial economics Thomson Reuters Thu, 10 Jan 2013 22:30:37 +0000 Thomson Reuters 5732896 at http://www.globalpost.com Younger Americans have more credit-card debt problems -study http://www.globalpost.com/dispatch/news/thomson-reuters/130114/younger-americans-have-more-credit-card-debt-problems-study <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW YORK, Jan 14 (Reuters) - American credit card holders in their late 20s and early 30s have more debt than older consumers, repay it more slowly and risk dying in debt if they don't curb their spending habits, a new study showed on Monday.</p> <p>Researchers that people born between 1980 and 1984 have on average $5,689 more debt than their parents had at the same stage of their lives, and $8,156 more than their grandparents.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/younger-americans-have-more-credit-card-debt-problems-study" target="_blank">read more</a></p> Business Credit Economics Financial economics Thomson Reuters Mon, 14 Jan 2013 22:15:38 +0000 Thomson Reuters 5734430 at http://www.globalpost.com U.S. Treasury to unwind emergency measures used to avoid debt http://www.globalpost.com/dispatch/news/thomson-reuters/130131/us-treasury-unwind-emergency-measures-used-avoid-debt <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Jan 31 (Reuters) - The U.S. Treasury Department said it will be ready to resume so-called extraordinary measures to ensure all debt obligations are met starting from May 19, a Treasury official said on Thursday.</p> <p>A bill allowing the U.S. government to borrow money beyond its record $16.4 trillion debt limit won final Congressional approval earlier on Thursday. The bill, which needs to be signed by President Barack Obama, suspends the debt limit until May 19.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130131/us-treasury-unwind-emergency-measures-used-avoid-debt" target="_blank">read more</a></p> Credit Government United States Thomson Reuters Thu, 31 Jan 2013 23:16:06 +0000 Thomson Reuters 5742329 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130222-45 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Moody's downgrade 'stark reminder' of Britain's debt problems: minister</p> <p>kjl/mfp</p> Credit AFP Fri, 22 Feb 2013 22:45:53 +0000 Agence France-Presse 5763881 at http://www.globalpost.com URGENT ¥¥¥ Downgrade stark reminder of British debt problems: minister http://www.globalpost.com/dispatch/news/afp/130222/urgent-downgrade-stark-reminder-british-debt-problems-minister <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>British finance minister George Osborne said Friday that the decision by ratings agency Moody's to downgrade Britain's AAA status was a stark reminder of Britain's massive debt burden.</p> <p>"Tonight we have a stark reminder of the debt problems facing our country -- and the clearest possible warning to anyone who thinks we can run away from dealing with those problems," Osborne said in a statement.</p> <p>kjl/mfp</p> Credit AFP Fri, 22 Feb 2013 22:45:58 +0000 Agence France-Presse 5763883 at http://www.globalpost.com British government blasted over AAA loss http://www.globalpost.com/dispatch/news/afp/130223/british-government-blasted-over-aaa-loss <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Britain's opposition on Saturday tore into the government over what it called failed policies, after Moody's stripped the country of its coveted triple-A debt rating. </p> <p>However, while analysts called the loss an embarrassment for finance minister George Osborne and his handling of Britain's debt and deficit problems, they said the downgrade would have a limited impact in the international markets.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130223/british-government-blasted-over-aaa-loss" target="_blank">read more</a></p> Business Companies listed on the New York Stock Exchange Credit Financial economics AFP Sat, 23 Feb 2013 13:01:31 +0000 Agence France-Presse 5764207 at http://www.globalpost.com S&P says no rating change from Italy election http://www.globalpost.com/dispatch/news/afp/130226/sp-says-no-rating-change-italy-election <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Ratings firm Standard &amp; Poor's said Tuesday that results from Italy's election Sunday have had no impact as yet on the country's sovereign debt ratings.</p> <p>"The Italian general election results have no immediate implications for Italy sovereign ratings," currently at BBB+ with a negative outlook for the country's long-term debt, S&amp;P said.</p> <p>Noting that the results pointed to a center-left majority in the lower house, but no clear majority in the Senate, the company projected that negotiations to form a new government would likely last about a month.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/sp-says-no-rating-change-italy-election" target="_blank">read more</a></p> Credit Economics Financial economics AFP Tue, 26 Feb 2013 22:31:09 +0000 Agence France-Presse 5767843 at http://www.globalpost.com S&P says Australia's AAA rating safe http://www.globalpost.com/dispatch/news/afp/130226/sp-says-australias-aaa-rating-safe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Australia's top triple-A rating appears secure despite high household debt and banks' high reliance on foreign funding, Standard &amp; Poor's said Wednesday.</p> <p>The ratings agency said Australia's economic resilience, which saw it dodge recession during the global financial crisis, was not just down to luck and its abundant mineral and energy resources.</p> <p>While the economy had benefited substantially from mining, S&amp;P said Australia had some robust credit fundamentals which supported its top-notch rating (unsolicited credit ratings AAA/Stable/A-1+).</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130226/sp-says-australias-aaa-rating-safe" target="_blank">read more</a></p> Australia Credit Economics Financial economics AFP Wed, 27 Feb 2013 03:45:25 +0000 Agence France-Presse 5768011 at http://www.globalpost.com Political deadlock ups pressure on Italy credit rating: Fitch http://www.globalpost.com/dispatch/news/afp/130301/political-deadlock-ups-pressure-italy-credit-rating-fitch <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Fitch on Friday warned political deadlock in Italy following elections this week in which no party won an overall majority added downward pressure on its sovereign credit rating.</p> <p>"It has the potential to disrupt policy making and reduce policy continuity, and to weigh further on an already weakening economy," Fitch Ratings said in a statement.</p> <p>"The prospect of a lengthy period of political instability following Italian parliamentary elections adds to the pressure on the country's sovereign rating," it said.</p> <p>Fitch scores Italy with an A- rating and a negative outlook.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130301/political-deadlock-ups-pressure-italy-credit-rating-fitch" target="_blank">read more</a></p> Credit Credit rating agencies Fitch Ratings AFP Fri, 01 Mar 2013 17:17:23 +0000 Agence France-Presse 5771091 at http://www.globalpost.com S&P removes Jamaica from 'default' after debt swap http://www.globalpost.com/dispatch/news/afp/130306/sp-removes-jamaica-default-after-debt-swap <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Standard &amp; Poor's removed Jamaica from "default" status on its debt Wednesday after the country completed its second debt restructuring in two years.</p> <p>S&amp;P put Jamaica's sovereign rating at a low CCC+, still "junk" level but no longer "selective default," the grade assigned after the government announced in February it would launch a crucial domestic debt swap.</p> <p>That swap, urged by the International Monetary Fund, was aimed at replacing high-cost debt with bonds issued at lower rates, in order to reduce the government's debt service burden.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/sp-removes-jamaica-default-after-debt-swap" target="_blank">read more</a></p> Credit Economics Financial economics Standard & Poor's AFP Wed, 06 Mar 2013 21:01:39 +0000 Agence France-Presse 5775439 at http://www.globalpost.com S&P removes Jamaica from 'default' after debt swap http://www.globalpost.com/dispatch/news/afp/130306/sp-removes-jamaica-default-after-debt-swap-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Standard &amp; Poor's removed Jamaica from "default" status on its debt Wednesday after the country completed a new debt restructuring, while Moody's downgraded the country, saying its fiscal challenges remained deep.</p> <p>S&amp;P put Jamaica's sovereign rating at a low CCC+, still "junk" level but no longer "selective default," the grade assigned after the government announced in February it would launch a crucial domestic debt swap.</p> <p>Prior to rating the country in default, S&amp;P had given Jamaica a higher B- grade.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/sp-removes-jamaica-default-after-debt-swap-0" target="_blank">read more</a></p> Credit Economics Financial economics Standard & Poor's AFP Wed, 06 Mar 2013 22:46:08 +0000 Agence France-Presse 5775539 at http://www.globalpost.com Hackers post 'private data' of Michelle Obama, FBI head http://www.globalpost.com/dispatch/news/afp/130312/hackers-post-private-data-michelle-obama-fbi-head <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Suspected hackers have posted online what they say are personal data and credit files of US first lady Michelle Obama, FBI chief Robert Mueller and celebrities including Beyonce and Jay-Z.</p> <p>The website posted what appeared to be reports from the leading credit rating agencies with personal financial information and social security numbers of Obama and the others.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130312/hackers-post-private-data-michelle-obama-fbi-head" target="_blank">read more</a></p> Business Credit Credit rating agencies Environment Financial economics Health Human Interest Politics Technology AFP Tue, 12 Mar 2013 14:46:04 +0000 Agence France-Presse 5780665 at http://www.globalpost.com Hackers post 'private data' of Michelle Obama, FBI head http://www.globalpost.com/dispatch/news/afp/130312/hackers-post-private-data-michelle-obama-fbi-head-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The US Secret Service launched an investigation Tuesday after hackers posted what they said was personal data and credit information of celebrities including first lady Michelle Obama online.</p> <p>The probe was opened over files which included personal information purportedly from FBI chief Robert Mueller, Vice President Joe Biden, former secretary of state Hillary Clinton and celebrities Beyonce and Jay-Z.</p> <p>"We are investigating, but we will not comment due to... an ongoing investigation," said Secret Service spokesman Max Milien.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130312/hackers-post-private-data-michelle-obama-fbi-head-0" target="_blank">read more</a></p> Business Credit Credit rating agencies Environment Financial economics Health Human Interest Politics Technology AFP Tue, 12 Mar 2013 15:30:33 +0000 Agence France-Presse 5781090 at http://www.globalpost.com Hackers post 'private data' of Michelle Obama, FBI head http://www.globalpost.com/dispatch/news/afp/130312/hackers-post-private-data-michelle-obama-fbi-head-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US authorities were investigating Tuesday after hackers leaked personal financial data apparently belonging to first lady Michelle Obama, the head of the FBI and several A-list celebrities.</p> <p>Hackers using a Russian web address published what they said were the credit reports of Obama, Federal Bureau of Investigation director Robert Mueller, US Attorney General Eric Holder, and Los Angeles Police Chief Charles Beck.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130312/hackers-post-private-data-michelle-obama-fbi-head-1" target="_blank">read more</a></p> Credit Equifax Financial economics Human Interest AFP Tue, 12 Mar 2013 17:02:26 +0000 Agence France-Presse 5781198 at http://www.globalpost.com