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U.S. wants one trial in $5 billion fraud case versus S&P

By Jonathan Stempel (Reuters) - The United States said its $5 billion civil fraud lawsuit against Standard & Poor's should be tried all at once, rejecting the credit rating agency's insistence that a single trial would be too big, confusing and unfair.

S&P to review outlooks on EU banks' ratings by end-April

By Maya Nikolaeva PARIS (Reuters) - European banks may see the outlook on their credit ratings cut as Standard & Poor's looks at possibly reducing the premium it assigns to banks to reflect changes in the level of state support that banks can expect to get in future crises. In revising the premiums S&P would be anticipating new EU rules which from 2016 will force shareholders, bondholders and some depositors to take a loss or "bail in" to help rescue a failed bank before state support kicks in.

S&P lowers Nigeria's sovereign credit outlook to negative

(Reuters) - Standard & Poor's revised its outlook on Nigeria's sovereign credit to negative from creditwatch negative, citing continued infighting within the country's ruling party which has heightened political and institutional risks. S&P affirmed its 'BB-' long-term sovereign credit rating on Nigeria. (Reporting By Narottam Medhora)

S&P wants to split up $5 billion U.S. ratings lawsuit

By Jonathan Stempel (Reuters) - Standard & Poor's asked a federal judge to split up the U.S. government's $5 billion civil fraud lawsuit accusing it of lying about its credit ratings, saying it would be unfair to have to defend against a case of such "unmanageable scope" all at once. In a court filing on Tuesday, the McGraw Hill Financial Inc unit proposed holding a trial in two phases, with the first focusing on just the 17 securities where Citigroup Inc is alleged to have suffered losses.

Instant View: S&P cuts Brazil sovereign credit rating

SAO PAULO (Reuters) - Standard & Poor's Investor Services downgraded Brazil's sovereign credit rating on Monday because of concerns about the government's fiscal discipline and economic policy credibility. The following are analysts' comments: JANKIEL SANTOS, CHIEF ECONOMIST, ESPIRITO SANTO INVESTMENT BANK

S&P feels 'comfortable' with Brazil at investment grade: Schineller

RIO DE JANEIRO (Reuters) - Standard & Poor's said on Monday it does not expect to further cut Brazil's credit rating in the short term after downgrading the country to its lowest investment-grade level. "We just revised Brazil's outlook to stable, we don't expect any more changes in the short term," S&P's analyst Lisa Schineller told reporters in a teleconference. "We are very comfortable with Brazil at an investment-grade category."

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Standard & Poor's cut Brazil's credit rating Monday by one notch, citing the government's unclear policy signals as it faces a weaker fiscal situation and slower growth. S&P put Brazil's rating at BBB-, the lowest level for investment grade debt, and called the outlook stable. S&P said the rating cut reflects "slippage" in the government's fiscal balance and the prospects that slow growth over the coming years will leave the government less able to strengthen the balance.

S&P DJI to review planned changes to Google weightings

NEW YORK (Reuters) - Standard & Poor's Dow Jones Indices on Monday said it will review whether its planned changes to Google Inc's weightings in widely used market indexes could hurt investors, and took the unusual step of asking worried index fund managers to address the potential costs.

S&P cuts EU's AAA rating, European officials dismiss move

By Luke Baker BRUSSELS (Reuters) - Credit agency Standard & Poor's cut its triple-A rating of the European Union by one notch on Friday, saying it had concerns about how the bloc's budget was financed, a view EU leaders and other officials dismissed as misguided. S&P's announcement came the day after the EU reached a deal to overhaul the region's banking sector, an agreement many commentators said fell short of expectations, although S&P said it had not factored into its credit assessment.

S&P says next Indian government's agenda to determine rating

By Subhadip Sircar MUMBAI (Reuters) - Standard & Poor's said on Thursday it will review India's rating once a new government due to be elected next year lays out its policy agenda, reducing the prospect of a destabilizing downgrade to below investment grade ahead of the polls. That could delay the next review until after May 2014, by when India is due to hold a general election, although S&P added it could move earlier should the country's fiscal or external standing deteriorate.
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