Search Results for: Standard & Poor's
Saudi Arabia reacts sharply to S&P downgrade of kingdom’s debt rating
November 2nd, 2015
Saudi Arabia yesterday reacted sharply to Standard & Poor’s move to downgrade the kingdom’s debt rating. The debt rating agency said it would downgrade Saudi Arabia’s long-term rating a notch, from AA- to A+ with “a negative outlook”, citing ...
UK’s biggest banks face further $29 billion misconduct bill: S&P
April 27th, 2015
Britain’s biggest banks face another 19 billion pounds ($29 billion) of charges relating to past misconduct over the next two years, ratings agency Standard & Poor’s (S&P) said in a report on Monday. S&P said Britain’s banks and customer-owned ...
Stocks: Dow, S&P 500 close at record highs
November 11th, 2014
Wall Street continued to march further into record territory Monday as the Dow and S&P 500 closed at record highs again. Investors have been pushing stocks higher on signs the U.S. economy continues to improve and as corporate earnings come ...
Stocks close mixed: S&P drops, Dow bumps up
November 5th, 2014
Stocks closed mixed Tuesday as markets struggled from a one-two punch of falling oil prices and renewed fears of a global slowdown. A wait-and-see posture regarding Tuesday’s elections may also be holding back investors. The Standard & Poor’s 500 ...
Stocks fall as S&P 500 breaks 4-day winning streak
October 23rd, 2014
Dow drops 153 points and falls back into the red for the year. Stocks fell Wednesday, pushing the Dow Jones industrial average back into the red for the year and breaking the S&P 500’s four-day winning streak. The market ...
Stocks rise: S&P 500 up for 3rd straight day
October 21st, 2014
Nasdaq also rises for a third straight day and the Dow comes back from a 120-point drop. Stocks closed higher Monday, adding to Friday’s strong rally as investors shake off last week’s volatile trading. The Standard & Poor’s 500-stock ...
U.S. confident its $5 billion S&P lawsuit was not retaliation
August 26th, 2014
The United States, which is suing Standard & Poor’s for $5 billion over its credit ratings, said on Monday it is confident that documents the rating agency wants for its defense will not show that the lawsuit was filed ...
S&P open to paying up to $1 billion to settle DOJ lawsuit
July 16th, 2014
Standard & Poor’s Ratings Services decided to settle a pending lawsuit with the U.S. Department of Justice (DOJ) and is open to paying about $1 billion to settle it, the Wall Street Journal reported citing people familiar with the ...
S&P to face legal challenge from councils
June 24th, 2014
Ratings agency Standard Poor’s has failed to avoid a legal battle with 91 councils, church groups and charities over investments that went bad during the global financial crisis. The Federal Court has denied the agency’s leave to appeal a ...
S&P upgrade Cyprus on better economic performance
April 25th, 2014
Credit rating agency Standard & Poor’s is more upbeat about Cyprus’ public finances following a better-than-expected performance since the country’s financial rescue a year ago. The agency upgraded Cyprus’ rating by one notch to B and said the outlook ...
