About: Standard & Poor's
Greece set for major credit rating upgrade
In the event of a “positive” first review of Greece’s third bailout programme, its struggling economy will be upgraded by rating agencies, a capital market specialist has told EURACTIV.
Standard & Poor’s lowers outlook on the EU to negative
Standard & Poor's has changed the outlook for the European Union from stable to negative after the bloc's support for Greece and following Britain's decision to vote on leaving the EU, S&P reported Monday (3 August).
France downgraded, Hollande defends his policies
Standard & Poor's cut France's sovereign credit rating on Friday (8 November) by one notch to AA from AA+, giving a thumbs-down to President François Hollande's efforts to put the eurozone's second largest economy back on track.
Rating agency gives Greece something to celebrate
Rating agency Standard & Poor's has raised Greece's sovereign credit rating to B-minus with a stable outlook from selective default, citing Europe's efforts to keep the country part of the euro.
Rescue fund’s credit rating drop adds to euro woes
Standard & Poor's cut its credit rating of the eurozone's rescue fund, the European Financial Stability Facility (EFSF), on Monday (16 January), claiming its decision was inevitable following cuts three days earlier to the creditworthiness of France and Austria, two of the EFSF's guarantors.
Pittella: Sovereign rating up to ECB or Court of Auditors
Just after Standard & Poor’s warned it would downgrade 15 of the 17 eurozone countries if EU leaders didn't strike a deal to save the euro at a summit on Friday, vice president of the European Parliament Gianni Pittella (S&D) called to strip rating agencies of their sovereign rating power, announcing changes to the Commission proposal on rating, which has just landed in the Parliament.
Barnier to pin credit rating agencies under EU thumb
EU Internal Market Commissioner Michel Barnier has told EU finance ministers today (18 May) how he plans to put credit rating agencies under the thumb of an EU agency, blaming the uncertainty in financial markets on the downgraded ratings of Greek and Portuguese debt.
Moody’s sees banking contagion in eurozone debt crisis
Moody's rating agency yesterday (6 May) warned of a severe risk of contagion as it expects the euro zone's debt crisis to destabilise the banking sector in several EU countries.