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.
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If you’ve been rejected for a car loan due to poor credit, you might want to apply again. The automotive credit industry increased the share of new car loans going to credit-challenged borrowers by 12.7% in the third quarter, a…
Meredith Whitney, an analyst who rose to fame as one of the few people who predicted the financial crisis ahead of time, now plans to from a new credit agency, the Financial Times reports.
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The U.K.’s triple-A credit rating is safe, thanks to the government’s austerity measures and a flexible economy, rating agency Moody’s said. The rating agency said the government’s deficit-reduction measures, continued economic growth and the long maturity profile of the country’s debt all support the credit rating, Reuters reported.
Britain’s economy faces obstacles including…
Continue reading Moodys: U.K. Credit Rating Is Safe
Moodys: U.K. Credit Rating Is Safe originally appeared on DailyFinance on Mon, 20 Sep 2010 08:26:00.