NEW DELHI (Reuters) - There is no case for downgrading India's sovereign credit rating, Economic Affairs Secretary Arvind Mayaram told the news channel ET Now on Monday, after Standard & Poor's reiterated its negative outlook on the country's credit rating.Full story
Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves. Full story
(Reuters) - A federal judge handed a legal defeat to Standard & Poor's, ruling that a lawsuit in which Connecticut accused it of fraudulently inflating credit ratings to win business should be moved back to the state court where it began. Full story
Moody's has downgraded the U.K. credit rating to AA1 from AAA with a stable outlook, reports CNBC's Josh Lipton.
