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Fitch cuts Portugal rating to junk status

Fitch cuts Portugal rating to junk status

Rating agency Fitch downgraded Portugal's rating to junk status on Thursday, citing large fiscal imbalances, high debts and large fiscal imbalances.

 

Moody’s downgrades Spain’s credit rating, warns France on risks

Moody’s Investors Service downgraded Spain’s credit rating Tuesday and warned that France’s rating could also be at risk, citing both nations’ vulnerability as Europe struggles to manage its persistent debt crisis.

 

Fitch downgrades Spain by 2 notches, warns of more cuts

Fitch on Friday cut Spain's credit ratings by two notches, just a few minutes after downgrading Italy, saying the intensification of the euro zone debt crisis has had a negative impact in the entire region.

 

Moody's cut Italy ratings by 3 notches

Moody's cut Italy ratings by 3 notches

Moody's Investors Service on Tuesday cut Italy's bond ratings by three notches, saying it sees a "material increase" in funding conditions for euro zone countries with high levels of debt.

 

Italy has debt rating cut by S&P

Italy has debt rating cut by S&P

Italy's sovereign debt rating cut by Standard & Poor's, the latest move in a deepening and continuing European debt crisis.

 

Greece credit rating cut by S&P

Standard & Poor's cuts Greece's credit rating, saying eurozone plans to restructure the country's debts would constitute a default.

 

S&P Slashes Greece Ratings

Standard & Poor's cut its ratings on Greece three notches on its expectations of the likelihood of one or more defaults over the next 12 months.

 

Portugal faces rating cut, Spanish debt costs rise

Portugal was put on notice on Tuesday that its credit rating could be cut and fellow euro zone debtor Spain had to pay more to issue new debt, suggesting the currency bloc's crisis will rage unabated in 2011.

 

Moody's Warns It May Downgrade Spain

Moody's put Spain's Aaa credit rating on review for a possible downgrade because of flagging economic prospects, challenging fiscal targets and rising funding costs.

 

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