Topic
TOPIC
Standard & Poor’s is best known for stock market indices such as the US-based S&P 500 and for its credit ratings, competing against Moody's Investors Service and Fitch Ratings. Rating agencies came under fire for issuing top ratings to pools of mortgages which included subprime loans and in February 2013, the US Justice Department filed a civil lawsuit against S&P, seeking US$5 billion in civil damages.
- China Chengxin says further downgrades could follow as repayment capacity falls
- Ukraine is now in the same category as Venezuela and one notch lower than Myanmar
China Huarong Asset Management had missed an earlier March 31 deadline to announce preliminary results, saying that its auditors needed more time.
China Huarong Asset Management had missed an earlier March 31 deadline to announce preliminary results, saying that its auditors needed more time.
Banks wrestle with moral hazard of lending to zombie companies amid coronavirus pandemic as more borrowers queue up for credit in toughest conditions since the 1997-98 Asian financial crisis.
Banks wrestle with moral hazard of lending to zombie companies amid coronavirus pandemic as more borrowers queue up for credit in toughest conditions since the 1997-98 Asian financial crisis.
Credit agency predicts spending will continue to rise as city addresses underlying issues, including increasing societal divisions.
Credit agency predicts spending will continue to rise as city addresses underlying issues, including increasing societal divisions.
Operational costs and risks are likely to stay elevated as protests continue, S&P says, with companies such as MTR Corporation and the Airport Authority Hong Kong at most immediate risk
Operational costs and risks are likely to stay elevated as protests continue, S&P says, with companies such as MTR Corporation and the Airport Authority Hong Kong at most immediate risk
S&P Global Ratings is the first foreign credit-rating company to rate domestic Chinese bonds after awarding its top score to a unit of the country’s largest bank.
S&P Global Ratings is the first foreign credit-rating company to rate domestic Chinese bonds after awarding its top score to a unit of the country’s largest bank.
The rebound in US stocks on Monday ‘leads me to think that while the markets are saying this isn’t much fun, this is still likely to blow over’, an analyst says.
The rebound in US stocks on Monday ‘leads me to think that while the markets are saying this isn’t much fun, this is still likely to blow over’, an analyst says.
All three major credit rating agencies have now downgraded the island nation’s status, amid concerns it will be unable to refinance its debts
All three major credit rating agencies have now downgraded the island nation’s status, amid concerns it will be unable to refinance its debts
Credit rating agency Fitch Ratings has placed Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, on negative watch, citing higher potential exposure to China, after the bank announced a HK$38.4 billion takeover of Hong Kong's Wing Hang Bank.
Credit rating agency Fitch Ratings has placed Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, on negative watch, citing higher potential exposure to China, after the bank announced a HK$38.4 billion takeover of Hong Kong's Wing Hang Bank.