Qantas has had its credit rating downgraded to junk status, following the beleaguered airline’s decision to sack 1,000 workers amid heavy financial losses.
The ratings agency Standard & Poor's is considering lifting its threat to Britain's AAA credit rating in a boost to the chancellor George Osborne ahead of Thursday's autumn statement.
The government shutdown has so far cost the US economy $24bn – or $1.5bn a day, ratings agency Standard & Poor’s said on Wednesday.
Standard & Poor's has accused the US Justice Department of filing its $5bn lawsuit against the ratings agency in retaliation for the company's downgrade of America's debt in 2011.
For the first time since the 2008 financial crisis the ratings agency Moody's regards the outlook for the banking sector as being on a stable footing.
An Italian judge has rejected an order to seize around $2.29bn of assets from Nomura as part of a probe into suspected fraud involving troubled lender Monte dei Paschi di Siena, legal sources said on Saturday.
George Osborne received a qualified vote of confidence for his tax-and-spending plans in the wake of last month's budget as ratings agency Standard & Poor's reaffirmed the UK's AAA credit rating on Friday night.
Analysts at Standard & Poor’s, the ratings firm accused by the U.S. of misleading investors about the risks of mortgage bonds that helped ignite the financial crisis, were arguing the merits of their views on debt opinions, not committing fraud, President Doug Peterson said.
David Cameron has presided over one of his most fiery cabinet meetings when a group of ministers demanded an end to "ringfenced" spending and two ministers were criticised for failing to promote growth measures.
Ed Balls branded George Osborne the "downgraded chancellor" on Monday and warned that the Treasury remained in "complete denial" about the failing economy after Moody's stripped Britain of its triple A credit rating on Friday.