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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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.
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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 i…
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.
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