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    HomeNewsBusinessMarketsExpect announcements on corporates soon: S&P

    Expect announcements on corporates soon: S&P

    Announcements should be expected this morning about more knock-on effects to corporations from S&P's decision to downgrade the United States' credit rating, the head of Standard & Poor's sovereign ratings said on Monday.

    August 08, 2011 / 20:02 IST

    Announcements should be expected this morning about more knock-on effects to corporations from S&P's decision to downgrade the United States' credit rating, the head of Standard & Poor's sovereign ratings said on Monday.


    David Beers also told Reuters Insider television that the US outlook could be raised to stable if the US deficit-cutting deal is fully implemented and the Obama administration ends the Bush tax cuts.


    Standard & Poor's downgrade of US rating to AA+ from triple-A has spread panic across markets and there is a sense of nervousness of a possible global downturn.

    first published: Aug 8, 2011 07:00 pm

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