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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Triple-A credit rating

Triple-A credit rating stories: 7 news summaries

(Newser) - The credit crunch is starting to hit even top-tier universities, the Wall Street Journal reports. Both Moody’s and S&P stripped Dartmouth of its AAA rating this week. It’s the 20th college Moody’s has downgraded this year. “That’s comparable to the rate of downgrades... More »

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Ivy League college Standard and Poor Moody's endowment Triple-A credit rating credit rating

Rating Agency Again Judges USA AAA

Uncle Sam's debt holds steady despite 'negative pressure'

(Newser) - Moody’s today reassured investors that the United States government won’t lose its AAA credit rating…yet. Last week Standard & Poor warned that it might soon drop Britain’s debt rating, sparking panic that other governments could follow. A Moody’s VP said the US’ rating is the... More »

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United States Standard and Poor Moody's Triple-A credit rating credit rating ratings agencies

 Dollar Hits 2009 Low 

Credit rating fears send greenback falling against pound, euro

(Newser) - The dollar fell to its lowest level of the year today as investors grew nervous that the US could lose its triple-A credit rating, Reuters reports. The greenback declined to $1.39 against the euro and $1.58 against the pound, echoing similar drops across the world. Yesterday, Moody's said... More »

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currency exchange rate pound euro US dollar weak dollar Triple-A credit rating credit rating Jay-ZTV

(Newser) - Until the day Lehman Brothers declared bankruptcy, all three of the major credit-ratings agencies swore its debt was safe, rating it A or better. They rated AIG at AA. And they gave 75% of the $3.2 trillion of subprime mortgage securities iron-clad AAA ratings. Moody’s, S&P and... More »

ANALYSIS

 GE's Immelt 
 Lacks Options 

CEO needs to shrink, simplify the business, but can't

(Newser) - Don’t envy GE’s Jeffrey Immelt. Though his core business remains profitable, the CEO presides over a huge, unwieldy empire. Parts of the conglomerate, like GE Capital, have tanked the entire corporation’s share price and caused it to lose its prized AAA credit rating. Worse, Immelt may  have... More »

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CEO General Electric corporations Jeffrey Immelt Triple-A credit rating credit rating financial crisis

Buffett Offers to Save Municipal Lenders

Stocks rally, but companies may rebuff opportunistic Hathaway

(Newser) - Warren Buffett rode to the rescue today, though the color of his horse is in question. The Sage of Omaha offered to reinsure $800 billion worth of municipal bonds, resolving “in one stroke of a pen” the jitters plaguing the municipal debt market. But his plan is also a... More »

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Warren Buffett credit market MBIA Berkshire Hathaway municipal bonds Ambac Financial Triple-A credit rating

Bush Legacy of Debt
May Stymie Successor

He will unveil record $3T budget as deficit soars

(Newser) - The next president may inherit a US government so deeply in debt it could lose its Triple-A credit rating for the first time since Moody's Investors Service began grading securities 90 years ago, warns the Wall Street Journal. The White House is preparing to unveil a record $3 trillion budget... More »

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Medicare Bush legacy Treasury Department tax cuts Social Security federal spending budget deficit Triple-A credit rating George W. Bush

7 Stories