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Fitch downgrades UK credit rating

Fitch credit ratings agency downgrades the UK to AA+ owing to a weakened economic outlook, but Chancellor George Osborne defends his austerity plan.


Moody's, Seeing Default Risk, to Review Ratings on Calif. Cities

Moody's plans to review its debt ratings of California cities over the next few weeks and said it believes the risk of default on municipal bonds in the state is rising.


French TV says France downgraded by S&P, citing source


Standard & Poor's ratings agency has downgraded France's credit rating, French television channels reported on Friday, citing a government source.

Senh: It seems like these credit rating agencies are downgrading everyone. It was shocking when they downgraded the U.S., but now they're going after European countries.


Moody's cuts Belgium ratings by 2 notches

Belgium Downgraded by Moody

Moody's on Friday cut Belgium's credit rating by two notches, saying the euro zone debt crisis increases funding risks for countries with high public debt burdens.


EU Cracks Down on Ratings Firms

The European Union set out proposals for strict new regulations on credit-rating firms in a move it said was aimed in part at diversifying the industry.


Moody's Downgrades BofA, Wells Fargo, Citi

Moody's downgraded Bank of America's and Wells Fargo's long-term ratings and the short-term ratings of Citigroup, saying it believes the U.S. government is less likely to support the banks if needed.


Europe stock futures drop on bank downgrades

European stock futures declined Wednesday as Moody’s Investors Service downgraded Societe Generale SA and Credit Agricole SA and Chinese Premier Wen Jiabao said developed nations should not rely on China to bail them out. U.S. futures and Asian shares dropped.


Fitch warns of downgrades for China, Japan

Fitch Ratings warned on Thursday that it might downgrade the credit rating of China within two years and there was a greater than even chance of a downgrade of Japan's credit status.


Fitch Ratings Keeps U.S. at Top Credit Rating

Fitch Ratings Keeps U.S. at Top Credit Rating

Fitch Ratings said Tuesday it will keep its rating on U.S. debt at the highest grade, AAA, and issued a "stable" outlook, meaning it expects the rating to stay there.


S&P balks at SEC proposal to reveal rating errors

S&P balks at SEC proposal to reveal rating errors

Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings.


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