Us Credit Rating

The reaction of the markets to the downgrade is likely to be temporary, given the widespread expectations of a soft landing for the US economy 

US credit downgrade 'entirely unwarranted': Treasury Secretary Janet Yellen

But Yellen told an event in Virginia on Wednesday that "Fitch's decision is puzzling in light of the economic strength we see in the United States."

Global stocks drop, Treasury yields rise after Fitch downgrades US credit rating

On Wall Street, the Dow Jones Industrial Average fell 0.67% to 35,393.68, the S&P 500 lost 1.37% to 4,514.09, and the Nasdaq Composite dropped 2.47% to 13,931.70.

Fitch downgrade scare will be short-lived, say Dalal Street analysts

The stock market may be influenced for a couple of days, suggest experts, but expect to focus to soon shift to fundamentals.

Market sentiment had weakened before US downgrade: S&P

Global stock market sentiment had weakened before Standard & Poor's cut the US credit rating to AA+ from AAA, the rating agency's global head of sovereign ratings David Beers said on Friday.

US investigating S&P over mortgages: Report

The US Justice Department is investigating whether Standard & Poor's improperly rated dozens of mortgage securities in the years before the financial crisis.

ICT export to grow 15% to USD 75b in FY12

The Electronics and Computer Software Export Promotion Council today said information and communication technology (ICT) export for the current fiscal is projected at 15% at USD 75 billion.

Economists keep Asia growth forecast despite market turmoil

Asian economists are shrugging off for now the global market turmoil sparked by US and European sovereign debt problems, saying that domestic demand in the region will hold up and help offset lower exports even if Western economies slip back into recession.

Gold to record high as equity rout stokes investor demand

Gold today advanced to records as the global rout in equities deepened on concern the economic slowdown will worsen after Standard and Poor's cut the US credit rating.

India's strong domestic growth will see FII flows: Quam AMC

After global equity markets witnessed a volatile and tumultuous session, since the US credit rating downgrade, Chief Executive of Quam Asset Management, Richard Harris talks to CNBC-TV18 about how he reads the market post this newsflow. He also gives his outlook on certain commodities like Brent crude and gold.

S&P: Asia would be hit harder by a second global crisis

A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets from the 2008-2009 crisis, credit ratings agency Standard and Poor's said on Monday.

Expert views: How will US downgrade impact global markets?

The S&P has downgraded the US credit rating for the first time in history. In an interview on CNBC-TV18, James Glassman of JPMorgan; Peter Hickson of UBS and Vandana Hari, Asia Editorial Director, Platts talk about what the reaction has been across global markets and what kind of ramifications this could have on our market.

Downgrade of US credit rating 'negative': S&P

The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday in an unprecedented blow to the world's largest economy in the wake of a political battle that took the country to the brink of default.

China, South Korea react after US downgrade

According to Chinese economists, the US credit rating downgrade by Standard & Poor's poses great risk to financial markets. But, a Bank of Korea official said on Saturday that he saw no major short term impact from a cut in the US credit rating.

Obama officials attack S&P's credibility after downgrade

The Obama administration attacked the credibility of the analysis underlying Standard & Poor's decision to downgrade the United States' top credit rating on Friday, saying it had found a USD 2 trillion error.

It was our duty to downgrade the US, says S&P

The top official behind Standard & Poor's historic decision on Friday to downgrade the United States' prized triple-A credit rating said it was his company's duty to make such a hard and controversial call.

Wall St Week Ahead: Investors struggle to see past panic

Wall Street hit the panic button this week and survived. But the shocks have left investors stranded.

United States loses AAA credit rating from S&P

The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.

US avoids default but fails to dispel economy fears

The United States stepped back from the brink of default on Tuesday but congressional approval of a last-gasp deficit-cutting plan failed to dispel fears of a credit downgrade and future feuds over taxes and spending.

Rupee rises tracking Asian units, stocks

The rupee kick started the month on a strong note, rising early on Monday tracking regional units, local shares and with month-end hefty dollar demand out of the way.

Delay in debt plan vote stokes US uncertainty

The US Congress and world markets faced more uncertainty on Tuesday as Republican leaders delayed action on a plan to raise the government's USD 14.3 trillion borrowing limit, narrowing the chances for a deal to avert a debt default.

Stocks, oil off lows; US data drives worries

Stocks rebounded and the euro rallied on Thursday on news of a financial lifeline for Greece, while bonds added to losses after worry over the US credit rating was raised.