NEW YORK (Reuters) – Standard & Poor’s on Monday removed the near-term threat of another credit rating downgrade for the U.S. credit by revising its outlook to stable from negative, citing an improved economic and fiscal outlook.
The change effectively means there is less than a one-third chance of a downgrade in the next two years.
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NEW YORK, May 29 (Reuters) – Moody’s Investors Service on
Wednesday cut Tunisia’s sovereign credit rating to Ba2, citing
political uncertainty and the risk of instability as well as
weak finances at government-owned banks and sizeable external
pressures on its balance of payments.
In a sign of potentially more downgrades to come, Moody’s
assigned a negative outlook to the sub-investment-grade credit.
NEW YORK (Reuters) – Ecuador is planning to issue sovereign debt, perhaps before the end of this year or in the first quarter of 2014, marking a return to international debt markets five years after it defaulted on $3.2 billion of sovereign bonds despite an ability to pay.
“Yes, we are working on that,” Ecuador’s ambassador to the United States, Nathalie Cely, said. “We don’t know exactly the month, but it could be as soon as the end of this year or the first trimester of the next year. … Certainly we have found a lot of appetite for government bonds.