Home » Posts tagged with » downgrade

S&P downgrade threats put pressure on EU leaders

A rating agency’s threat to downgrade 15 eurozone countries, including Germany, as well as Europe’s bailout fund has added pressure on the region’s leaders to find a lasting solution to their crisis at a summit this week. Chancellor Angela Merkel on Tuesday downplayed Standard & Poor’s warnings, but the possibility that a downgrade of eurozone… Continue Reading S&P downgrade threats put pressure on EU leaders

U.S. stock futures tumbled Monday amid a rout in global stocks after Standard & Poor’s downgraded the U.S. credit rating for the first time. S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn’t unexpected, but it comes when investors are already feeling nervous… Continue Reading US stock futures tumble after S&P downgrade of US

Continue reading …