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Tag Results for "Standard And Poors"

Venezuela’s S&P Rating Drops Amidst Concerns Over Chavez’s Health and Country’s “Arbitrary” Laws

Just days after Venezuelan President Hugo Chavez announced he wanted all the country’s money removed from U.S. markets and repatriate nearly $11 billion in gold currently in Swiss and English banks, Standard and Poor’s have lowered Venezuela’s credit rating. continue reading »

5 Easy to Understand Effects of a Credit Downgrade

Standard and Poors have downgraded the US Credit Rating to AA+. What does this mean? Here are five effects of the action: continue reading »