- Euro-Zone Industrial Orders Advances for a Sixth Month in September Tue, 24 Nov 2009 11:54 GMT
- German Economic Growth Accelerates in the 3rd Quarter Tue, 24 Nov 2009 09:48 GMT
- USD Graphic Rewind Tue, 24 Nov 2009 06:15 GMT
- Opening Comment Tue, 24 Nov 2009 05:59 GMT
- Overnight Interest Rate Update 11.24.09 Tue, 24 Nov 2009 05:13 GMT
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- Thursday, 15 October 2009 05:42:54 GMT ECB Monthly Report: 3Q Expected to Grow at 0.1% versus 2Q
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- Wednesday, 14 October 2009 11:24:58 GMT Overnight Interest Rate Update 10.14.09
- Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
- Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
- Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K
Earlier today, Standard and Poor’s Rating Services (S&P) announced downgraded outlook andcredit rating changes to twelve American and European financial institutions. The downgrades reflect the continued sentiment that the future performance of large financial institutions remains austere amid lingering high risk in the bank industry and a deepening global economic slowdown. By lowering their ratings, S&P is forecasting more volatility in the funding markets, with higher than normal levels of stress expected during this business cycle trough.
A significant shift in fiscal policy intended to balance the financial sector may help alleviate some of these pressures. Typically, S&P does not incorporate the prospect of government intervention into their ratings adjustment, so the support governments are giving to some banks in the United States is significant.
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