Credit Ratings News

PHL banks have adequate capital to ride US, EU woes – FitchWednesday, July 20, 2011 @ 4:59AMFitch Ratings said the economic troubles of the United States and Europe might have some moderating impact on the performance of Philippine banks. The debt watcher rated these firms as strong enough to ride whatever ripples may come from across the globe. Ambreesh Srivastava, senior director and head of financial institutions in South Asia of Fitch Ratings said the capitalization of local banks ...

Chinese firms facing heat on governanceWednesday, July 20, 2011 @ 4:44AMInvestor concerns about fraud and US accounting firms’ questioning of managements’ representation of audit numbers have turned up the heat on Chinese companies to improve governance.

Crisis Erodes 75% Junk Bond Gains as Losses Spread: Euro CreditWednesday, July 20, 2011 @ 4:27AMJunk corporate bonds are turning into a losing bet in Europe as surging sovereign yields infect assets that just 18 months ago were handing investors returns of more than 75 percent.

Scenarios: Possible impact of a Greek ratings defaultWednesday, July 20, 2011 @ 4:17AMLONDON (Reuters) - As euro zone officials tackle the debt crisis, they must weigh the threat of any downgrade of Greek debt ratings to default or selective default, which would add fuel to the contagion that has taken hold of bigger euro zone economies in recent weeks.

With lending down, would-be entrepreneurs rely on savings, credit cardsWednesday, July 20, 2011 @ 4:11AMSteve Antill cashed out his IRA of about $7,000 to start his Strictly Iron fence-building business. The 34-year-old married father of two lost his job of 13 years and figured he would need to make it on his own. He estimates that he grossed $40,000 over the past year building security and decorative fencing at 30 job sites. It’s mainly a one-man operation with the occasional buddy brought on to ...