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It is far more likely the UK will retain its prized triple-A status than be downgraded, according to the bookies which seem unperturbed by the recent ratings agency threat.
Axa, Allianz and Aviva groups are among 15 insurers that Standard & Poors (S&P) have warned face a downgrade in their credit rating.
European regulators may be given new powers to suspend credit ratings of countries seeking or undergoing bailouts to prevent the “negative spillover effects to other countries”, according to proposals for tougher regulation issued by the European Commission.
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There was little relief coming Portugal’s way after Moody’s downgraded the country’s credit rating to junk status (Ba2 from Baa1).
The UK’s credit rating has been revised from negative to stable by S&P, further consolidating its ‘AAA’ status and boosting the coalition government’s economic plans.
The UK has maintained its AAA credit rating largely thanks to the austerity measures of the coalition government, although it remains vulnerable over the long term.
BP has suffered its third downgrade this week, Moody's cutting its credit rating by three notches.
The Fitch ratings agency has delivered another blow to oil giant BP, cutting its credit rating a full six notches to BBB from AA.
UK banks risk having their credit ratings downgraded because of the poor state of the country’s public finances, warns ratings agency Moody’s.
A swathe of new RDR exams have left advisers “confused” and “crossing their fingers” their current qualifications will still be valid after 2012.
US rating agencies, Moody's and Standard & Poor's, have come in for heavy criticism from US Senators following an investigation of their role in the financial crisis.
The United States' top credit rating could be at risk should its nascent economic revival not develop into a full-blown recovery, Moody’s Investor Service has warned.
Ratings agency Standard & Poor’s has given Standard Life Assurance Ltd a long-term ‘A’ credit rating, and its parent plc a ‘BBB+’ rating.
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