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LONDON/NEW YORK, March 2 (Xinhua) -- The rating agency Moody's on Friday cut the sovereign credit rating of Greece to the lowest level, saying the country's default risk was high. Moody's downgraded Greece long term sovereign credit rating from Ca to

S&P Downgrades French Credit Rating

Standard Poor's Friday downgraded the credit ratings of nine European countries caught up in the eurozone crisis. This includes France, which has Europe's second-largest economy. SP's downgrade of France's credit rating has been expected for weeks. F

Credit Rating Agency Upgrades Nigeria's Outlook

Credit rating agency Standard and Poors has revised Nigeria's economic outlook from stable to positive. In a statement, the rating agency says the Nigerian government, under President Goodluck Jonathan, has undertaken several important reform initiat

Rating Agency Downgrades US Credit Outlook

Standard and Poor's Ratings Services announced Monday that the United States continues to have a AAA [Triple-A] credit rating, but the rating agency lowered its long-term credit outlook for the U.S. government. SP cited U.S. budget deficits and gover

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Two rating agencies, Standard and Poors (S P) and Fitch downgraded New Zealands credit rating from AA+ to AA. This is the first downgrade in 13 years. A credit rating gives some idea of whether the economy is stable and whether the government can pay

S&P Downgrades US Credit Rating for First Time

The credit rating agency Standard Poor's has downgraded the U.S. credit rating for the first time ever from the country's elite AAA status to AA-plus, with a negative outlook. In a statement late Friday, SP said it made the move because the deficit-r

Italy Faces Credit Rating Cut

A major financial services company says that Italy faces a significant chance of having its credit rating cut soon, but that it has no plans to downgrade France's top credit standing. Fitch Ratings said Tuesday it is confident that the 17-nation Euro

S&P Cuts Italy's Credit Rating

Standard Poors has cut Italy's credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy's rating one notch Monday - from A+ to A. SP said the country's shaky coalition government and differences in parl

US Faces Possible Credit Rating Downgrade

U.S. President Barack Obama and Congress are engaged in an intense rush to settle on a plan to raise the countrys borrowing limit beyond the current total of more than $14 trillion. It is an effort aimed at averting a possible default on the countrys