sovereign debt
Standard & Poor's downgraded the sovereign debt of Brazil, just as powerful forces are in the midst of trying to replace the president.
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Source: thinkstock.comPuerto 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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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.
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Puerto Rico has an unemployment rate of 12.6%, a sign of how poorly off the territory's economy is.
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Ratings service Standard & Poor's has downgraded its long-term and short-term sovereign credit ratings on Greece. The ratings have been removed from CreditWatch, but the outlook is Negative.
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Russia's bad behavior, which has resulted in economic sanctions and the collapse of oil from over $100 in June to $50, has taken another toll.
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Source: ThinkstockThe world’s economies may have improved since the financial crisis, but now more than ever, the world is drowning in higher and higher debt. A new report from the McKinsey Global...
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Moody's, the credit research service, has expressed doubt about the future of Greek debt.
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Source: ThinkstockRatings agency Standard & Poor’s on Friday lowered its real and nominal growth projections for Italian GDP and, as a result, cut the country’s long- and short-term debt ratings...
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Source: ThinkstockGreece reportedly will announce a long-term bond sale as soon as Wednesday, the first time it has had access to capital markets since March 2010. But the question to ask is, is it...
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Source: ThinkstockThe amount of global debt swelled to more than $100 trillion last year, according to the Swiss-based Bank for International Settlements (BIS), as governments borrowed to lift their...
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Ukraine faces a default on some of its sovereign bonds as the political upheaval in the country has caused a rift with Russia. Russian leadership believes a new government in Ukraine might form...
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Standard & Poor's downgrade of European Union long-term debt to AA+ puts it on par with the rating of the long-term debt of the United States.
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Source: ThinkstockWho buys U.S. debt in the case of a default? The simple answer is no one. However, that almost certainly is untrue. There is always someone, or some group, who has the guts of a...
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Source: ThinkstockThe Congressional Budget Office (CBO) reports that it is this simple: the cancellation of the automatic spending reductions specified by the Budget Control Act of 2011, or...
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