• Thu
  • Jul 10, 2014
  • Updated: 11:17pm

Credit Rating

Fosun hits back over ratings review after purchase of Portuguese insurers

Fosun International chief executive Liang Xinjun has hit back at two international credit rating agencies that are reviewing their ratings of the company following the acquisition of three Portuguese insurers, saying its financial situation is comfortable.

Wednesday, 15 January, 2014, 8:30am

Italian economy minister calls S&P rating cut ‘backward'

Italian Economy Minister Fabrizio Saccomanni criticised Standard & Poor’s cut to its rating on Italy, saying it failed to take account of recent government measures to boost growth. Speaking at the annual meeting of the Italian banking federation, Saccomanni said ratings decisions on sovereign debt risked being based on outdated information and creating unwanted pro-cyclical effects.

11 Jul 2013 - 12:56am

GM targets investment grade rating ’within the year’

General Motors said it is targeting an investment grade credit rating “within the year” as the US automaker works to distance itself from the stigma of its 2009 bankruptcy.

13 Jun 2013 - 11:31am

Labour blasts George Osborne over Britain's loss of AAA credit rating

In a rebuff to London's hopes that sharp spending cuts would both gradually eliminate the deficit and give growth a boost, Moody's rating agency cut Britain's grade by one notch to Aa1.

24 Feb 2013 - 5:35am

Business Digest, February 7, 2013

Hong Kong and Shanghai-listed China Cosco Holdings could face a revolt by minority shareholders in China as it risks being delisted from the Shanghai stock exchange when it posts its third net loss in a row. 

7 Feb 2013 - 5:16am

Junk rating for bleeding Sony and Panasonic

Sony and Panasonic, the Japanese electronics makers reeling from record losses, have had their long-term credit ratings downgraded to junk by Fitch Ratings, citing a weak recovery in the television market.

Sony's rating was cut by three levels to BB-, three steps below investment grade, with a negative outlook, Fitch said yesterday.

23 Nov 2012 - 2:21am

French rate cut could hit eurozone rescue fund: Moody's

The rating agency Moody’s said on Tuesday that it was studying the impact of its cut of France’s top credit notation on the triple “A” ratings of eurozone rescue funds that are underpinned in part by France.

20 Nov 2012 - 10:48pm

S&P cuts credit rating for Santander and Bilbao Vizcaya Argentaria banks

Standard & Poor's cut its credit ratings on Banco Santander and Banco Bilbao Vizcaya Argentaria, Spain's biggest lenders, along with nine other banks after lowering the country's sovereign rating.

17 Oct 2012 - 2:59am

Asset worries see Minsheng Bank take a tumble

The price of China Minsheng Bank shares fell yesterday on news that two brokerage houses had downgraded its ratings over concerns of deteriorating asset quality and narrowing profits due to a regulatory change.

6 Sep 2012 - 4:03am

Hong Kong regulator goes after CEO in jail

A Hong Kong court has given the Securities and Futures Commission permission to serve a lawsuit on former China Forestry chief executive Li Hanchun, currently being detained on the mainland.

5 Mar 2011 - 12:00am

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