Credit rating

Sears Is Running Out of Options Fast

The credit rating of the parent company of Sears and Kmart is at the bottom, Fitch Ratings says, and the retailer doesn't have an easy way out.

Three Simple Steps: Managing Debt

Debt can be a huge burden, but managing it doesn't have to be. Instead of freaking out, take these simple first steps toward dealing with your debt once and for all.

Do You Really Need a Credit Card?

Business Insider tapped two of their favorite credit experts, Bethy Hardeman of CreditKarma.com and John Ulzheimer of SmartCredit.com, to weigh in on the pros and cons of carrying plastic.

Get Ready, America: The Debt Ceiling Debate Is Back

The U.S. is again closing in on its debt limit, and if a recent statement by John Boehner is any indication, another fight with the Obama administration over the issue is ahead. Here's a preview of what we might expect.

Greek Default Sets Record: No Problem, Says Bernanke!

On Friday, Greece reached a deal to "restructure" its national debt downward by about $133 billion. That's the biggest sovereign restructuring in world history. But don't worry. According to Fed Chairman Ben Bernanke, it's no big deal for the U.S.

Dow Rises Despite Europe's Woes

On Friday, it looked like this week would be ugly. Standard & Poor's had just downgraded the credit ratings of France and several other E.U. countries, the latest domino to fall in Europe's slow-motion economic train wreck. But at least in the U.S., the stock market has shrugged off that news.

New Face of Foreclosure: Strategic Defaults

Attitudes toward mortgage default are shifting in America. People who've never missed a payment on anything in their lives are walking away from underwater homes, even when they can afford their monthly payments, because staying doesn't make financial sense. But how good a business decision is a strategic default?

Will U.S. Downgrade Bring On a Bear Market?

Standard & Poor's downgraded the U.S. debt rating for the first time on Friday. Coming on top of concerns of a second recession, the move has investors worried that we're headed into a bear market for stocks. Here's what a bear market would mean.

Five Reasons You Shouldn't Cut Up Your Credit Cards

Recently, Wall Street Journal columnist Brett Arends wrote about how he's giving up credit cards and going all cash. He cited some compelling advantages to dumping his plastic, but it may not be right for you. Here are five things you give up by switching to an all-cash lifestyle:

The Financial Landscape: Moody's Mulls Debt Ceiling

Looks like rough sailing ahead: Moody's warned the GOP that its game of chicken with the debt ceiling risked a downgrade of U.S. debt, and the Labor Department said May hiring took a dive. But there are some things investors can look forward to: a Groupon IPO, and the government selling its last shares of Chrysler.

Eight Money Lessons for New College Grads

Members of the Class of 2011, you're about to be tossed head first into the real world, and -- surprise -- you probably need a little more education about how to handle your personal finances. Here's a Cliffs Notes crash course in Money 101.

This 'Fear Trade' Could Bring You 87% Gains

Fear is in the air on Wall Street. Unemployment is high, housing sales are sluggish and the dollar is weak. Now, to add insult to injury, Standard & Poor's has lowered its U.S. debt outlook to negative, putting the nation's AAA credit rating at risk. Fortunately, smart traders can benefit from these worries.

S&P Downgrades Ireland's Debt to A-

Standard & Poor's downgraded Ireland's debt rating by one notch on Wednesday due to concerns over possible increased capital requirements by the country's banks.

France's AAA Credit Rating Could Be at Risk

France could lose its top AAA credit rating as Europe%u2019s debt crisis spreads, Bloomberg News reported. "If problems in the euro zone aren%u2019t solved quickly, then the conditions of refinancing will be expensive for these countries and the ratings agencies will do more downgrades," Ralf Ahrens, who helps manage about $20 billion as head of fixed income at Frankfurt Trust, told Bloomberg News. "We already see these dynamics in the market. I see France as a risk."

More Car Loans Go to Borrowers With Bad Credit

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 sign that lenders are loosening their credit criteria.

S&P May Downgrade Portugal's Credit Rating

Portugal's credit rating may be on its way down. Standard & Poor's warned Tuesday that a downgrade may be coming based on the government's failure to create policies that will boost productivity and cut the country's deficit.