Tagged: credit rating

Brazil’s credit rating cut to junk status

Standard & Poor’s, the rating agency, cut Brazil’s cherished investment-grade credit rating back to junk on September 9th. The decision came as a blow to President Dilma Rousseff and her American-educated finance minister Joaquim...

Petrobras’s credit rating has been cut to junk status

Moody’s Investors Service, a credit rating agency, downgraded Petrobras’s rating by two notches to Ba2 with a negative outlook, which means that further downgrades are possible. Petrobras, the Brazilian state-controlled oil company, has been...

Spain’s economy is gathering momentum

The Spanish economy grew 0.4 per cent quarter-on-quarter in the first three months of 2014, double the pace of growth set in the fourth quarter of 2013, according to a Bank of Spain preliminary estimate....

Moody’s upgrades Spain’s debt by a notch

Moody’s Investors Service has upgraded Spain’s rating from Baa3 to Baa2 and assigned a positive outlook. The upgrade reflects: A rebalancing of the Spanish economy away from real estate investment towards exports, which should...