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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The big winners of 2010 scored returns far above those of U.S. markets by piggybacking on China’s ferocious growth. But rebounding American equities look mighty impressive next to the year’s real losers: the victims of the euro…
Standard & Poor’s will make changes to several U.S. indexes next week, including the S&P MidCap 400, the S&P SmallCap 600, and the widely used S&P 500. The changes, which reflect the effects of acquisitions and market cap chang…
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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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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