| Sep 30, 2013
| 8:08 PM
NEW YORK — Political drama in the nation's capital fueled fears on Wall Street that a threatened federal government shutdown could plunge financial markets into turmoil.
The Dow Jones industrial average skidded 128.57 points, or 0.84%, to 15,129....
| Jul 19, 2013
| 6:54 AM
WASHINGTON -- The shrinking budget deficit and improving economy has led Moody's Investor Services to affirm the nation's AAA credit rating and upgrade the outlook for government debt to stable from a negative watch that could have led to a downgrade....
| Sep 6, 2013
| 9:29 PM
Everybody wants to see the perpetrators of the financial crisis punished, but you have to feel a little sorry for Standard & Poor's, the credit rating firm being sued by the federal government for its role in the disaster.
S&P clearly has its back to...
| Jun 10, 2013
| 9:58 AM
WASHINGTON -- Standard & Poor's, which downgraded the U.S. credit rating nearly two years ago, said Monday it was more optimistic about the nation's long-term fiscal situation and had removed the negative outlook from the rating.
The automatic federal...
| Feb 4, 2013
| 9:12 AM
A major Wall Street rating agency said Monday morning that Gov. Jerry Brown's latest budget proposal shows California's finances are on the mend. But the agency, Moody's Investors Service, cautioned that California's progress could easily stall given...
| Sep 7, 2012
| 2:53 PM
Santa Clarita gets credit rating upgrade: At a time when many California cities are facing major fiscal shortfalls, and even bankruptcy, Santa Clarita’s credit rating has been upgraded to AAA status--the highest score a municipality can receive...
| Oct 3, 2012
| 1:52 PM
L.A. County received its highest ever credit rating earlier this week, meaning the municipality will pay less interest when borrowing money for some projects....
| Sep 12, 2012
| 5:00 AM
WASHINGTON, D.C. – A wild windstorm swept through here on Saturday, tossing broken tree limbs, downing power lines and forcing thousands of suburbanites to eat dinner by candlelight. On Sunday, with the skies sunny and mostly clear, the oppressive...
| Jun 15, 2012
| 8:15 AM
Nokia Corp., the Finnish phone maker already in a world of hurt, had its credit rating downgraded to junk status by Moody’s Investors Service on Friday.
The company's rating fell a notch to Ba1, from Baa3, and is now held at junk status by all...
| Apr 24, 2012
| 9:49 AM
Fitch Ratings likes what it currently sees in Ford Motor Co., upgrading the automaker’s credit rating Tuesday to investment grade from its long-held junk status.
Determining the Dearborn, Mich., giant to now have “sufficient financial...
| Feb 9, 2013
| 6:55 AM
You may have heard last week about a couple of big lawsuits brought by federal and state governments, alleging that the credit rating agency Standard & Poor's concocted a fraudulent scheme that contributed to trillions of dollars in investment losses...