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Credit Downgrade

The Takeaway

S&P Downgrades Italy

Tuesday, September 20, 2011

Credit ratings agency Standard & Poor's downgraded Italy's debt one notch late on Monday. The Italian government is furious this morning at S&P's decision to lower the rating from A+ to A. S&P defended its decision, citing Italy's weak economic growth and high levels of government debt. The agency also expressed doubts over the government of Prime Minister Silvio Berlusconi and Parliament's ability to manage the growing crisis.

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The Leonard Lopate Show

Backstory: European Reaction to the US Credit Downgrade

Thursday, August 11, 2011

Markets around the world have been reacting this week to Standard & Poor’s decision to downgrade their rating of U.S. credit. On today’s first Backstory, Richard Milne, Capital Markets Editor at the Financial Times, explains what the downgrade means for European nations, and we’ll look at the steps that the European Central Bank took early this week to assuage investors’ fears about Spain and Italy’s ongoing debt problems.

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WNYC News

Brooklyn Small Business Owners Fear Lasting Effects of Downgrade

Monday, August 08, 2011

Three days after Standard & Poor's downgraded the U.S.'s credit rating, local small business owners fear a return to the Great Recession.

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WNYC News

Dow Falls More Than 600 Points as Obama Defends US Credit

Monday, August 08, 2011

On a day when the Dow Jones industrial average fell more than 600 points in afternoon trading, President Barack Obama said the U.S. remains a AAA country despite its credit rating down grade last Friday.

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The Takeaway

U.S. Credit Rating Downgrade 'Inevitable'

Tuesday, August 02, 2011

Monday’s debt ceiling deal might satisfy those rating agencies that warned of a possible downgrade of the United States' credit rating if the the parties did not end the political stalemate. But does the deal reassure agencies worried about the fundamental weaknesses of the U.S. economy? Gillian Tett, a managing editor of the Financial Times, says a downgrade is inevitable and she tells us what to expect from the different ratings agencies and how the markets will react to an impending downgrade.

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It's A Free Country ®

Explainer: Why Do We Listen to S&P?

Tuesday, April 19, 2011

Yesterday Standard & Poor's downgraded the outlook for U.S. sovereign credit ratings from 'stable' to 'negative.' That prompted It's a Free Country readers to ask one question over and over again: after the worst economic disaster since the Great Depression, why do we even listen to credit rating agencies like S&P anymore?

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