Credit Rating Downgrade – The European Union Times ⚡ Shocking Hidden News Reports ⚡

Moody's downgrades Turkey outlook to negative

EU Times — Fri, 11 Apr 2014 13:31:04 +0000

The international credit rating agency, Moody’s, has downgraded its outlook on Turkey over increased pressure on the country’s external financing position and weaker growth prospects. Moody’s on Friday changed the outlook from stable to negative, which puts the government’s investment-grade rating at risk. The agency said the ongoing political standoff in Turkey is affecting investor […]

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Fitch Ratings downgrades Argentina on default concerns

EU Times — Wed, 28 Nov 2012 22:15:40 +0000

The Fitch ratings agency has downgraded Argentina five notches, saying the country could default on its obligations to US creditors. That’s after a US judge ordered Argentina to set aside $ 1.3bn for debt repayment by December 15. The rating agency cut its long-term rating for Argentina to “CC” from “B,” with the short-term rating […]

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France unveils new Austerity Plan

EU Times — Tue, 08 Nov 2011 22:33:33 +0000

The French Prime Minister announces the country’s second austerity package in less than three months with the aim of protecting France from the widening eurozone crisis and avoiding credit rating downgrade. “The time has come to adjust France’s efforts. With the president, we have only one goal: to protect the French people from the serious […]

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