Effects of credit rating downgrade of America to AA+


It finally happened.  After ratings agencies Moody’s and Fitch affirmed America’s triple A ratings but with negative outlook, China’s Dagong Agency and S&P Drops US Credit Rating to AA+ shortly thereafter.  S&P said that in addition to the downgrade, it is issuing a negative outlook, and there is a chance it will lower the rating […]

Daily Market Upgrades June 24

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Fitch downgrades RP’s outlook

LONDON-BASED Fitch Ratings has cut its growth forecast for the Philippines to just 0.5% for this year, substantially lower than the its 2.0% estimate in February and the government’s trimmed 3.1-4.1% expectation announced last week. "We are now forecasting a GDP (gross domestic product) growth rate of 0.5% in 2009, the lowest growth rate since […]

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