CAIRO, Feb. 10 (Xinhua) -- Standard and Poor's (SP) downgraded on Friday the long-term rating on Egypt from B+ to B due to sharp decline of foreign exchange reserves and political uncertainties. There would be further downgrade if the Egyptian govern...
A major financial services company says that Italy faces a significant chance of having its credit rating cut soon, but that it has no plans to downgrade France's top credit standing. Fitch Ratings said Tuesday it is confident that the 17-nation Euro...
Credit rating agency Standard and Poors has revised Nigeria's economic outlook from stable to positive. In a statement, the rating agency says the Nigerian government, under President Goodluck Jonathan, has undertaken several important reform initiat...
Standard Poors has cut Italy's credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy's rating one notch Monday - from A+ to A. SP said the country's shaky coalition government and differences in parl...
The U.S. governments credit rating could be downgraded even further, according to the rating agency that removed the United States from a list of top-tier creditworthy nations. Standard and Poors judgement Days after Standard and Poors made headlines...
The credit rating agency Standard Poor's has downgraded the U.S. credit rating for the first time ever from the country's elite AAA status to AA-plus, with a negative outlook. In a statement late Friday, SP said it made the move because the deficit-r...
U.S. President Barack Obama and Congress are engaged in an intense rush to settle on a plan to raise the countrys borrowing limit beyond the current total of more than $14 trillion. It is an effort aimed at averting a possible default on the countrys...
Standard and Poor's Ratings Services announced Monday that the United States continues to have a AAA [Triple-A] credit rating, but the rating agency lowered its long-term credit outlook for the U.S. government. SP cited U.S. budget deficits and gover...
Many years ago I read that credit cards were the thing of the future. Credit card companies were telling us that plastic would replace cash. Well, this hasnt happened. People are still using notes and coins. The Internet has increased the use of cred...
