credit ratings

Can't Get Credit? You May Be Living in the Wrong State

Credit is ever so personal, and ultimately it's your responsibility -- but it's not solely about you. Your state's creditworthiness can impact you too. For that reason, CardRatings.com's recently released rankings of the 10 Best and Worst States for Consumer Credit is worth a look-see.

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.

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.

Would Rating Downgrades Clip Bank Profits?

Moody's is reviewing 10 large regional banks for possible downgrades because it thinks financial reform means total government support is now less likely. That's setting off a debate about whether those banks will actually take a hit to profitability.

Moody's Downgrades Ireland's Credit Rating

Ireland had its credit rating cut lowered one notch by Moody%u2019s Investors Service on "a significant loss of financial strength." Moody%u2019s lowered the country%u2019s rating to Aa2 from Aa1. The outlook on the new rating is negative. The cost of bailing out the country%u2019s banks is increasing pressures on Ireland%u2019s public finances, Bloomberg News reported. The country%u2019s recession forced it to run a budget deficit of 14.3% of GDP in 2009. That%u2019s the widest deficit in the eurozone.

S&P Keeps U.K. Sovereign Debt Rating at AAA

Standard & Poor's Ratings Services affirmed Engand's sovereign credit ratings Monday, but said its outlook remains negative. The pound sterling slipped against the dollar on the news, as S&P's outlook has been negative since May 2009.

The SEC Is Ready to Take On Asset-Backed Securities

The Securities and Exchange Commission is set to release a major new regulatory proposal -- some 600 pages long -- on Wednesday aimed at reining in the $2.1 trillion asset-backed securities market that played such a prominent part in sparking the financial crisis.

Ratings Agences: Flush but Still Tarnished

Bond sales surged 41% to $1.2 trillion last year as companies rushed to take advantage of thawing credit markets. That means demand for ratings has also boomed, and both Moody's and S&P delivered solid results recently. But that doesn't mean all the damage to their names has been undone.