sovereign debt

S&P Holds UK Rating Steady but With Negative Outlook

S&P has held its rating of the United Kingdom at AA/A-1+. It is the second highest grade S&P gives sovereign debt. However, the ratings agency's outlook for the debt is ...
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Moody’s Hits Turkey With a Massive Downgrade

Against the backdrop of a trade war with the United States and a crumbling economy, Moody's has downgraded the rating of Turkey's sovereign paper from Ba3 from Ba2 and changed ...
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National Debt Rises Above $21 Trillion for the First Time

For the first time in the history of the United States, the national debt has exceeded $21 trillion, according to the U.S. government. The last milestone, $20 trillion, was hit ...
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6 Most Important Things in Business Today

Bitcoin has moved back above $10,000. According to The Wall Street Journal: Bitcoin prices climbed back above $10,000 for the first time in two weeks after a sharp rally Thursday. ...
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Global Debt Tops $230 Trillion

The Institute of International Finance reported that global debt reached over $230 trillion at the end of the third quarter. That is up $16 trillion from the end of 2016. ...
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S&P Cuts Credit Rating on China and Several of Country’s Top Banks

Standard & Poor's Global ratings announced Thursday morning that it has lowered its long-term rating on China's sovereign debt from AA− to A+ with a stable long-term rating. The ratings ...
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Fitch Ratings Warns on US AAA Debt Rating

The U.S. government will run into its congressionally mandated debt limit in October unless the Congress raises it above its current ceiling of $19.81 trillion. If the debt ceiling is ...
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Negative-Yielding Sovereign Debt Outstanding Keeps Shrinking and Shrinking

Stocks have risen handily since the end of the election, but so have bond yields. Now we have close to 100% chance that there will be an interest rate hike ...
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percentage button

Global Tally of Negative Interest Rates Continues to Decline

For those of you who view negative interest rates on sovereign debt as a tax, there is good news. For those of you who want to use sovereign debt as ...
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Currency

$9.9 Trillion in Global Sovereign Debt Has Negative Yield

Fighting deflation has a cost, and as of April 25 that cost is negative interest rate yields on $9.9 trillion in global sovereign debt. Of the total, $6.8 trillion is ...
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Saudi Arabia

Saudi Government Looking for a Loan?

Saudi Arabia sold some $26 billion in domestic bonds in 2015 and is expected to sell another $32 billion worth in 2016 as the kingdom tries to plug the leak ...
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Brazil Rating Slashed by S&P

Ongoing political turmoil, a scandal that has hit its huge oil company Petróleo Brasileiro S.A. (NYSE: PBR) and a tattered gross domestic product have caught up to Brazil, at least ...
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ThinkstockPhotos-184236528

7 Countries Near Bankruptcy

Puerto Rico defaulted on its $58 million debt repayment this week for the first time in its history. With its failure to repay creditors, the commonwealth joins the ranks of ...
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global economy

Puerto Rico vs. Greece

It is no coincidence that Puerto Rico publicly admitted its debts could not be repaid at the same time that Greece technically defaults to the International Monetary Fund. The world ...
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Puerto Rico

Puerto Rico Unemployment at 12.6%, Poverty at 41%

At the depth of the recession, unemployment reached 10.1% in the United States. Today, its sits at 5.5%, and job additions have surged at an average rate of over 250,000 ...
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