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Further US Credit Downgrade Possible

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S&P puts 15 euro zone nations on negative watch

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VOA标准英语10月-G-7 Nations Agree on Financial Action Plan

Finance ministers and central bank governors from seven major industrial economies met Friday in Washington and agreed on a five-point plan to stabilize global financial markets that this week experienced their biggest declines in 30 years. VOA's Ba

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S&P Downgrades US Credit Rating for First Time

The credit rating agency Standard Poor's has downgraded the U.S. credit rating for the first time ever from the country's elite AAA status to AA-plus, with a negative outlook. In a statement late Friday, SP said it made the move because the deficit-r

Italy Faces Credit Rating Cut

A major financial services company says that Italy faces a significant chance of having its credit rating cut soon, but that it has no plans to downgrade France's top credit standing. Fitch Ratings said Tuesday it is confident that the 17-nation Euro

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S&P Cuts Italy's Credit Rating

Standard Poors has cut Italy's credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy's rating one notch Monday - from A+ to A. SP said the country's shaky coalition government and differences in parl

National Debts Can Threaten Economic Growth

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US Faces Possible Credit Rating Downgrade

U.S. President Barack Obama and Congress are engaged in an intense rush to settle on a plan to raise the countrys borrowing limit beyond the current total of more than $14 trillion. It is an effort aimed at averting a possible default on the countrys