Moody’s Investors Service and Standard & Poor’s are both considering downgrading their ratings on U.S. debt because of rising interest-to-revenue ratios, the nation’s jobless recovery, and rising Social Security and health care…
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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Standard & Poor’s lowered the credit ratings for AT&T and Verizon Communications on Monday, saying that increased competition will make it harder for the two largest phone companies to pay down their long-term debt.
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