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Standard & Poor’s is revamping its credit rating methodology for banks and financial institutions in a way that may cause about 40% of rated banks to get a downgrade, The Wall Street Journal reported Tuesday.

Continue reading S&P’s New Credit Rating System May Lead to Mass Downgrades for Banks

S&P’s New Credit Rating System May Lead to Mass Downgrades for Banks originally appeared on DailyFinance on Tue, 11 Jan 2011 15:51:00.

Filed Under: Economy, Investing, Credit, Market News

Moody’s downgrades Hungary’s sovereign credit rating by two notches to near junk on concern that the temporary measures the government is taking to address budget issues won’t be sustainable.

Continue reading Moody’s Downgrades Hungary to Near Junk

Moody’s Downgrades Hungary to Near Junk originally appeared on DailyFinance on Mon, 06 Dec 2010 08:40:00.

Filed Under: Economy, Currency

Less than a week after downgrading Spain’s credit rating, Moody’s Investors Service warned it might cut Ireland’s credit rating as well. Moody’s said its decision to review Ireland’s rating was prompted by the government’s announcement last week that it was pledging more money — as much as €50 billion — to save the country’s banks, as well as the weak economic recovery and rising borrowing…

Continue reading Moody’s Warns It May Cut Ireland’s Credit Rating

Moody’s Warns It May Cut Ireland’s Credit Rating originally appeared on DailyFinance on Tue, 05 Oct 2010 07:10:00.

Filed Under: Economy

Shares of computer makers Intel Corp. and Hewlett-Packard Co. were downgraded by UBS amid concerns that weak demand will force the companies to dramatically cut prices.

Continue reading UBS Downgrades Intel and Hewlett-Packard Citing Weak Demand

UBS Downgrades Intel and Hewlett-Packard Citing Weak Demand originally appeared on DailyFinance on Wed, 08 Sep 2010 17:00:00.

Filed Under: Technology, Earnings, Hewlett-Packard, Intel