In the latest sign of the depths of trouble in the solar industry, Standard & Poor’s today reduced its debt rating on MEMC Electronic Materials, which produces polysilicon for the chip and solar sectors and develops solar projects, to junk status. More specifically, S&P cut its rating on MEMC to B+ from BB. The outlook, [...]
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Forex Pros – pros – European stock markets were broadly lower on Wednesday, as shares in the financial sector led losses after ratings agency Moody’s downgraded Portugal’s sovereign debt rating to junk status. Duri... Read Post
The Standard & Poor's analyst covering the Italian banking sector disagreed with the rating agency's January downgrade of Italy's sovereign debt, Reuters reports. Reuters obtained an email sent by a nalyst Renato Panichi to the team... Read Post
Standard & Poor's has downgraded Italy's sovereign debt rating, citing economic, fiscal and political weaknesses. ||| Washington - Standard & Poor's on Monday downgraded Italy's sovereign debt rating, citing economic, fiscal and pol... Read Post