Enron's credit rating scrutinized by Senate committee
WAP2002032003- WASHINGTON, March 20 (UPI) -- Ralph G. Pellecchia, senior director of Global Power Group Fitch Ratings, testifies on Capitol Hill on March 20, 2002, before the Senate Committee on Governmental Affairs hearing regarding the credit rating of Enron in the months leading to it's collapse. RLW/Roger L. Wollenberg UPI
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Standard & Poor's alleged the Justice Department filed its $5 billion lawsuit against the credit rating agency in "retaliation" for its downgrade of U.S. debt.
Ford adds 1,400 workers at Flat Rock plant ... Fitch upgrades GM credit rating ... GM reaches sales milestone in China ... Chinese automaker to open plant in North Korea ... Honda recalls 408,000 CR-V vehicles in China ... Impala tops Consumer Reports list of best redesigns ... GM plans 'self-driving' car this decade ... Drunken driving crackdown across U.S. for Labor Day --auto industry news from United Press International
Increase in earnings from commodities and other natural resources helped Latin American countries improve their credit ratings during the first half of this year, but growth has come with costs as inflation begins to bite.
Credit analysts at Standard & Poor's said Monday the United States deserves slightly higher regard, changing a "negative" status to "stable."
Market research firm Dealogic said Greek companies have sold $2 billion worth of bonds in 2013, a sign of recovery on a corporate level.
Peru, the fastest growing economy in Latin America, is hoping its natural gas development projects will transform its economy and Fitch rating agency agrees.
Importing natural gas from European markets doesn't violate international law, Ukrainian Deputy Energy Minister Volodymyr Makukha said.
Only a fool would deny the ability of the EU to concoct some last-minute rescue for Cyprus that keeps the great euro suspense drama limping wearily onward.
Latin America is at risk from slow growth, continued dependence on commodity prices and potential impact of the fiscal stand-off in the United States, Fitch ratings agency said.
Illinois State Treasurer Dan Rutherford said the state's Standard & Poor's credit downgrade would cost taxpayers $95 million more in borrowing costs.
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