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Republican Leader Rips Democrats On Credit Ratings Downgrades For Utilities
19 Dec 2024 23:25 GMT
House Minority Leader Vincent Candelora, R-North Branford, discusses recent credit downgrades of several Connecticut utilities Thursday, Dec. 19, 2024, at the Legislative Office Building in Hartford. Credit: Jamil Ragland / CTNewsJunkie
HARTFORD, CT – …
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S&P lowers San Francisco's credit rating due to deficit spending
19 Dec 2024 20:26 GMT
(The Center Square) – A credit rating agency has dropped San Francisco's rating because of the city's deficit spending and economic outlook.
S&P Global Ratings lowered its long-term rating and underlying rating to 'AA+' from 'AAA…
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Latest News | S&P Global Upgrades Rating of Vedanta Resources
20 Dec 2024 15:24 GMT
New Delhi, Dec 20 (PTI) Vedanta Resources Limited (VRL), the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has received a rating upgrade from S&P Global Ratings.
The agency upgraded VRL's corporate family rating from 'B-' to …
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African countries will establish credit rating agencies to prevent bias, says AfDB VP
19 Dec 2024 12:56 GMT
The African Development Bank (AfDB) says African countries, including Nigeria, have collaborated to establish a continental credit rating agency to counterbalance Western credit rating agencies’ bias against Africa.
Kevin Urama, vice-president and chief …
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Suncorp retains stable outlook amidst earnings diversity concerns: S&P
20 Dec 2024 09:22 GMT
It plans to return $2.5b in excess capital from the bank sale to shareholders in 2025.
Suncorp Group Ltd. retains a stable outlook, supported by S&P Global Ratings’ expectation that the group will maintain strong capital and earnings.
However, S&P …
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Nigeria, other African nations to establish credit rating agency
19 Dec 2024 02:34 GMT
Nigeria, along with several other African countries, is collaborating to set up a continental credit rating agency aimed at addressing perceived biases from Western credit rating entities.
This initiative was announced during the launch of the Debt …
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Moody's downgrades Avangrid's credit rating for CNG, SCG
18 Dec 2024 19:20 GMT
Avangrid's gas companies, Connecticut Natural Gas and Southern Connecticut Gas, were bumped down a notch by credit firm Moody's.
CONNECTICUT, USA — It's a grim forecast for utility companies in Connecticut as more downgrades to credit ratings …
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FG, AfDB Push for Fair, Non-biased Credit Ratings for African Countries
18 Dec 2024 04:22 GMT
•IMF urges Nigeria to exercise caution in budget planning to curtail borrowing
Nume Ekeghe
Amid concerns over seeming bias in global credit rating systems, the African Development Bank (AfDB) and the Nigerian government have called for a more equitable …
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Nigeria, other African countries plan continental credit rating agency
18 Dec 2024 03:35 GMT
Nigeria and other African countries are teaming up to establish a continental credit rating agency to counterbalance Western credit rating agencies’ bias against Africa.
This was disclosed on Tuesday at the Launch of the Debt Management Forum for Africa …
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S&P Global upgrades City of Navasota's credit rating to 'A+'
17 Dec 2024 21:51 GMT
NAVASOTA, Texas (KBTX) - Navasota received its first credit rating upgrade in over 15 years, as S&P Global Ratings elevated the city’s long-term credit rating on general obligation debt and certificates of obligation to ‘A+’ from ‘A’. The city says the …