Posts Tagged ‘Credit Rating’
THE political deadlock is not harming Australia’s credit rating as Standard & Poor’s today reaffirmed its AAA rating for the country.
Pakistan’s most destructive floods are a “temporary setback” and won’t have a bearing on the nation’s credit rating, Standard & Poor’s said even as the government predicted the disaster will hurt growth.
Ireland’s financial headache worsened on Wednesday after a credit rating cut from Standard & Poor’s pushed its borrowing costs higher.
While it is true that the country has been resilient to the global recession, has a comfortable level of external reserves and stable inflation and a manageable fiscal debt, the country needs to meet several conditions more before it is ready for a credit rating upgrade, international bank Standard Chartered said.
Moodys Investors Service said it will review Hungarys credit rating for possible downgrade, the first rating company to react to the collapse of negotiations with the International Monetary Fund and European Union.
