ratings agencies

Here are a few charts from the credit default swaps market based on 5-year CDS. Here’s what I see.

The full text of S&P's downgrade of Spain

Last week Moody's cut the ratings of 12 British lenders, including Royal Bank of Scotland and Lloyds Banking Group. This week the other two ratings agencies, S&P and Fitch cut the ratings of 10 Spanish lenders.

These governments have to know that these bailouts are going to affect their credit ratings. They need to steer clear of worsening that credit profile in a panic environment. The only way they can do so is by clipping bondholders instead of…

Moody's decision to place Popular's ratings on review for possible downgrade is driven by our view that the combined entity emerging after the integration with Pastor is likely to have a weaker credit profile than Popular's standalone…

Moody's Investors Service has today placed Belgium's Aa1 local and foreign currency government bond ratings on review for possible downgrade, while affirming its short-term ratings at Prime-1.

This is a Friday night massacre over in Europe. Fitch, the ratings agency, first downgraded Italy one notch, from AA- to A+, following in Moody's footsteps for earlier this week. Then, just a few minutes later, Fitch cut Spain's credit…

Moody's Investors Service has today downgraded Italy's government bond ratings to A2 with a negative outlook from Aa2, while affirming its short-term ratings at Prime-1. The rating action concludes the review for downgrade initiated by…

This fiscal uncertainty may be enough to prevent any ratings upgrades ahead, but we do not think the situation will worsen enough to lead to downgrades. Our sovereign rating model has Russia as a very solid BBB+/Baa1/BBB+ credit compared to…

Asia and European session dominated by safe haven flows; Fitch & S&P both downgrade New Zealand. Germany’s upper house and Austria vote on EFSF measures; we still feel EFSF 2.0 is still not enough. Brazil’s budget and inflation…