Standard & Poor

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S&P to Pay $1.38 Billion as Penalty

S&P to Pay $1.38 Billion as Penalty

Credit rating agency, Standard & Poor's will have to pay a huge $1.38 billion fine for its role in providing stimulus to the mortgage meltdown that took place more than six years back as the financial crisis struck the nation.

Standard & Poor's demotes Bank of Ireland's secondary bonds

Standard & Poor's demotes Bank of Ireland's secondary bonds

Ranking organization Standard & Poor's slash the ranking for Bank of Ireland's secondary bonds to beginning BB- to D yesterday.

It denotes that the organization considers that the bonds are efficiently in defaulting subsequent to the bank presented to acquire them back at approximately half their face value.

Vanguard Launches Nine New ETFs

Vanguard Launches Nine New ETFs

It seems if Vanguard has started a war in the market by introducing nine Exchange-traded funds that are based on Standard & Poor's benchmarks.

S&P Abandons Irish Sovereign Debts

Yesterday, Standard & Poor’s (S&P), the U.S. financial service provider, reported that it would be taking away its long-term credit rating from AA to AA- on the sovereign debt of the Republic of Ireland by one notch, ending the Government’s attempts to decrease its borrowing, and ultimately the budget deficit.

AAA Rating for U.K. confirm Pessimistic Outlook, Reports S&P

AAA Rating for U.K. confirm Pessimistic Outlook, Reports S&P

The AAA sovereign credit card rating of Britain has been declared by Standard & Poor's. The rating agency has also stated that regarding the budget concerns, the prediction were to be termed as "negative" while the matter of the nation's budget is not getting enough attention by the Government, as sufficient measures are not being opted by for lessening the budget scarcity.

Another LA Bond Rating Downgrade Prompted on Concerns Over Revenue

Standard & Poor

On Tuesday, the last of the country's major financial credit agencies undertook the development of lowering Los Angeles' bond rating, which will now most likely cost the city over a million dollars more whenever it looks to borrow in future.

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