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Full text: S&P downgrades the U.S. debt rating

China downgrades U.S. debt. By. it gave them lower ratings than the beloved Moody’s and S&P agencies in the U.S. in part because “Dagong does not to apply ideology as demarcation and fairly.

 · S&P downgrades U.S. credit outlook. S&P reaffirmed its investment-grade credit ratings on the U.S. long- and short-term debt itself. But it said the ratings are at.

 · The day after a little understood agency with a poor business track record stripped the United States government of its top credit rating, the country said it had no choice but to give up all hope for a brighter economic future.

This is the first credit downgrade in the history of the United states. friday afternoon, post-market, S&P unleashes a Geithner bomb. While not completely unexpected, given the repeated warnings of ‘$4 trillion in deficit cuts or else,’ some had speculated this week that the embattled ratings agency wouldn’t pull the trigger.

 · Standard & Poor’s has downgraded the U.S. sovereign debt rating to AA+ from AAA. Implications for (re)insurers worldwide are mixed. Although there are broad economic implications, markets appear to have anticipated at least some of these, which could forestall rash or catastrophic outcomes. The long-term effects, however, could be profound.

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Re: S&P Downgrades U.S. Credit Rating From AAA « Reply #24 on: August 09, 2011, 05:20:36 PM » Yes I have changed spending habits over the past several years, but mainly to decrease personal debt, not buying as much stuff that I don’t really need, and to invest in the farm more.

The full flow-through of the downgrade remains to be seen, with Goldman arguing in a recent report that losing the A- rating at S&P could cost the bank dearly. " Further counterparty aversion could follow in the event of a downgrade, especially with those clients that have ‘automatic rating triggers’ within their risk policies

BofA to Reduce Principal in HAMP Mortgage Modifications Modification Program (HAMP)? HARP and HAMP are the two principal components of MHA that use refinancing and loan modifications, respectively, to reduce monthly mortgage payments to affordable levels or move borrowers to more stable mortgage products. 3. How does the Home Affordable Modification Program work? Do servicers work directly with.SecurityNational Mortgage settles with BofA and Countrywide Fremont Unloads $4 Billion in Whole Loans Kraninger: Department of Education refusing to cooperate with CFPB Steven Cohen’s Point72 Asset Management discloses passive stake in nationstar corelogic launches loan fraud analysis software Kraninger: Department of Education refusing to cooperate with CFPB But in essence, Kraninger is saying that the CFPB is trying to do its job. But she says the companies that manage student loans are not handing over.MERS wins again; this time in Pennsylvania The Pennsylvania Department of State provides Pennsylvanians an online portal for viewing election returns in real-time as reports are received from the commonwealth’s 67 counties on Election Day. The portal also allows users to customize searches, receive timely updates, and view results on mobile devices, as well as provides direct links to. · Fremont General Corporation (NYSE:FMT) said Wednesday that its investment and loan subsidiary has entered into whole loan sale agreements to sell approximately $4 billion.Fraud Verdict Against Countrywide & Bank of America Upheld.. Citigroup Settles with DOJ for $7 Billion;. He regularly acts as lead counsel to mortgage companies, financial services companies.A crisis worse than 2008? Treasury warns on debt limit Existing-home sales continue to slip June Existing-Home Sales Slip but Prices Continue to Roll at. – Existing-home sales in the Midwest were unchanged in June at a pace of 1.21 million, and are 17.5 percent higher than a year ago. The median price in the Midwest was $170,100, up 8.9 percent from June 2012. In the South, existing-home sales slipped 1.5 percent to an annual level of 2.03 million in June but are 16.0 percent above June 2012.Treasury warns of dire consequences of default The Treasury Department warned Congress Thursday in a report lawmakers risks a recession and crisis if they fail to raise the federal debt limit.

In a double blow for Mexico, credit ratings agency Fitch downgraded the nation’s sovereign debt rating on Wednesday, citing risks posed by heavily indebted oil company Pemex and trade tensions, wh

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