S&P - updates

Rappler's latest stories on S&P


Britain, eurozone face 2% recession in 2020 – S&P

Mar 26, 2020 - 8:30 PM

S&P says a 2% recession for Britain and the eurozone would amount to a loss in real GDP of about 420 billion euros ($460 billion) in 2020

A man wearing a mask walks past the Regional Science Centre in Oldham, Lancashire on March 26, 2020, during a country-wide lockdown to slow the spread of the novel coronavirus COVID-19. (Photo by Oli SCARFF / AFP)

Asia-Pacific economies seen to face $211-billion hit from coronavirus

Mar 06, 2020 - 3:30 PM

S&P Global Ratings expects the Asia-Pacific region to grow 4% in 2020, which would be the worst performance since a contraction in 2008 caused by the global financial crisis

Pedestrians, wearing facemasks amid concerns over the spread of the COVID-19 novel coronavirus, walk down an elevated walkway in Bangkok on March 4, 2020. (Photo by Lillian SUWANRUMPHA / AFP)

S&P downgrades Boeing credit rating outlook to negative

Oct 23, 2019 - 9:59 AM

S&P Global Ratings kept the debt grade stable at 'A' but cut the outlook to negative from stable on the potential for "lasting damage" to the company's finances.

BOEING. In this file photo taken on March 11, 2019 The Boeing Company logo is seen on a building in Annapolis Junction, Maryland. File photo by Jim Watson/AFP

S&P raises credit rating outlook on Philippines

Apr 27, 2018 - 5:26 PM

A higher credit rating translates to more foreign investments, lower borrowing cost for both the government and private sectors, among others

Wall Street stocks plunge in chaotic session

Feb 06, 2018 - 6:22 AM

(UPDATED) US stocks have been under pressure for the last week as investors weigh the risks of more Federal Reserve interest rate hikes following strong economic data

BLEEDING. The closing numbers are displayed after the closing bell of the Dow Industrial Average at the New York Stock Exchange on February 5, 2018 in New York. Bryan R. Smith/AFP

Clash of memories

Dec 03, 2016 - 10:16 PM

The protests against Marcos’ burial in the Libingan and historical revisionism in favor of Marcos testify to the necessity of a continued struggle over history and memory

Dow breaks record as global equities rise

Nov 23, 2016 - 7:38 AM

The blue chip Dow Jones Industrial Average finishes above 19 000 for the first time while stock indices across the globe also rise

LOOKING UP. Traders work on the floor of the New York Stock Exchange (NYSE) on November 22, 2016 in New York City. Spencer Platt/Getty Images/AFP

Philippines' crime war a risk for economy – ratings agency

Sep 21, 2016 - 5:53 PM

UPDATED S P maintains its stable outlook for the Philippines but highlights a range of weaknesses under the Duterte administration

RODRIGO DUTERTE. Philippine President Rodrigo Duterte looks at a folder containing the list of government officials involved in drugs as he delivers a speech before members of the Scout Rangers regiment at a military training camp in San Miguel town, Bulacan province, north of Manila on September 15, 2016. Photo by Ted Aljibe/ AFP

PH keeps investment grade ratings – for now

May 11, 2016 - 7:30 PM

For now Standard and Poor’s Moody’s and Fitch all keep the country’s credit rating at investment grade as the country prepares for a Duterte presidency

PH credit ratings at risk if 'wrong' leaders elected – Palace

Apr 25, 2016 - 3:17 PM

The Palace says economic improvements made in the past years will only be put to waste if Filipinos elect the wrong leaders on May 9


S&P affirms PH’s BBB rating, projects incomes to rise

Apr 21, 2016 - 10:01 PM

S P projects growth in real per capita income to rise from the 4 1 recorded last year to 4 4 this year

S&P lowers China outlook to negative

Mar 31, 2016 - 11:00 PM

Standard Poor s says the Chinese government is facing more economic and financial risks

epa05202337 Commercial and residential buildings of Shenzhen are seen from the Diwang Building observatory deck, in Shenzhen, Guangdong Province, China, 09 March 2016. According to the outline of the 13th five-year plan, China?s average annual rate of growth will slow from 7.8 per cent in the past five years to around 6.5 per cent, and per capita disposable income will also fall, from 7.7 per cent to around 6.5 per cent. EPA/FREDDY CHAN

2016 VP race, PH economic reforms, Maria Sharapova | 12PM wRap

Mar 08, 2016 - 12:02 PM

Watch Rappler’s 12PM newscast with Maria Ressa

S&P: Change in PH leadership unlikely to reverse economic reforms

Mar 07, 2016 - 7:34 PM

The credit rating agency and local and US based business leaders express confidence the country s next leaders will not disrupt economic momentum

Inflation continues to drop, hits 0.4% in September

Oct 06, 2015 - 3:11 PM

The low inflation environment in the first 9 months of 2015 is seen to persist throughout the rest of the year the NEDA chief says

DROP. Headline inflation continues to hit below 1% for the third consecutive month, as September 2015 record falls to 0.4%, the National Economic and Development Authority (NEDA) reports Tuesday, October 5, 2015.

S&P lowers anew GDP forecast for Philippines

Sep 11, 2015 - 2:32 PM

S P cuts the gross domestic product growth forecast for the country to 5 6 this year and 2016

SLASH. S&P lowers the GDP growth forecast for the Philippines to 5.6% this year and 2016, the second time S&P revised the GDP growth outlook for the Philippines.

Aquino: PH will be 'first-world' within generation if reforms continue

Jul 27, 2015 - 10:00 PM

This is just the beginning you haven’t seen anything yet President Aquino says as he details in his last State of the Nation Address the economic gains under his watch

President Benigno Aquino III delivers his last SONA in the joint session during the 16th congress at the House of Representatives in Quezon City on Monday, July 27, 2015. Photo by Ben Nabong/Rappler

S&P cuts 2015, 2016 PH GDP forecast

Jul 09, 2015 - 4:24 PM

Standard Poor s lowers its forecast for the country to 6 this year and the next citing a phase of ‘steady state of slower growth’ in the Asia Pacific region

'Invest in PH now' - Gov't, business make pitch to US investors

Jun 29, 2015 - 12:27 AM

The conference is part of a high level 3 city trade mission aimed at encouraging US investment in the country

Fitch affirms Philippines' 'BBB-' rating

Mar 18, 2015 - 12:13 PM

The country s BBB rating is one notch below the rating assigned to the Philippines by Moody’s Investors Service and Standard Poor’s

PH deserves a Fitch upgrade – DTI chief

Feb 04, 2015 - 2:51 PM

Trade Secretary Gregory Domingo says the Philippines deserves a Fitch rating upgrade 3 notches higher to investment grade citing stable growth and investor confidence in the country

PH gets another boost from Moody’s

Dec 11, 2014 - 8:34 PM

The credit rating agency ups its investment grade rank for the country to a notch citing stable outlook but warns that the government s growth target for 2014 might be too hard to achieve

$200,000 a share: Buffett's Berkshire hits record high

Aug 15, 2014 - 1:26 PM

The priciest on US markets Berkshire shares got even more expensive for investors in a 7 5 climb – less than 8 years after breaking the 100 000 barrier

Argentina defaults as 'vulture talks' fail

Jul 31, 2014 - 7:10 AM

UPDATED Analysts have warned a default would deepen the economic malaise gripping Argentina exacerbating its already troubling inflation and perhaps forcing another devaluation of the peso

NO DEAL. Axel Kicillof, Argentina's economy minister, addresses the media at the Consulate General of Argentina after departing a mediation meeting in New York, New York, USA, 30 July 2014. Jason Szenes/EPA

US dollar at 5-year low vs pound; rises vs yen, euro

Jul 02, 2014 - 8:47 AM

Fresh records in the US equity market lifted the dollar against the euro and the yen but it fell to a new 5 year low versus the British pound

Stalling global corporate spending to remain weak: S&P

Jul 01, 2014 - 1:15 PM

Worldwide corporate investments are expected to dip this year stalling at around 3 3 trillion for 3 years in a row the agency says

STALLED. The fall in investment has been particularly hard in emerging countries, including China, where corporate spending is predicted to fall 4% this year after a similar slump in 2013. File photo by AFP PHOTO / WANG ZHAO

S&P raises PH credit rating anew

May 08, 2014 - 7:30 PM

The upgrade follows the agency s May 2013 decision to give the Philippines investment grade status

S&P 500 rises to another record; Dow just misses

Apr 03, 2014 - 9:18 AM

Positive sentiment following a run of economic data lifts US stocks

A trader works on the floor of the New York Stock Exchange. On April 3, the S&P 500 soars to a new high on positive sentiment. Andrew Burton/Getty Images/AFP

US stocks score first gain of year

Jan 08, 2014 - 8:07 AM

A solid November trade report buoys the US market

A trader works on the floor of the New York Stock Exchange on the evening of January 7, 2014 in New York City. After a 3-day decline stocks rose today with the Dow finishing up 106 points following Janet Yellin being confirmed as the Federal Reserve chief by US lawmakers. Andrew Burton/Getty Images/AFP

US stocks lower amid mixed economic data

Jan 07, 2014 - 7:00 AM

US stocks finish lower to kick off the first full week of trade of 2014

LACKLUSTER. US stocks traded weak at the start first week of the new year. AFP PHOTO

US stocks seen gaining in 2014 despite weak start

Jan 05, 2014 - 3:25 PM

US equity markets ends the old year with a bang and opens the new year with a whimper as investors clean the slate following a rousing 2013

LACKLUSTER. US stocks traded weak at the start of the new year as most fund managers were still on holiday. AFP PHOTO

PH economy in 2013: Wins and losses

Jan 01, 2014 - 5:43 PM

Here are the biggest stories about the Philippine economy in 2013 what has been achieved and what else needs to be done

Dow, S&P 500 close at new record highs

Dec 24, 2013 - 10:36 AM

The new peaks come after fresh Commerce Department data pointed to a 0 5 increase in consumer spending in November the second month in a row to see a rise

HAPPY HOLIDAYS. Lights for the holidays illuminate the New York Stock Exchange on December 18, 2013 in New York City. John Moore/Getty Images/AFP

Facebook stock added to Dow Jones S&P 500 index

Dec 12, 2013 - 8:41 AM

The world s leading online social network will replace chip testing equipment company Teradyne

Google shares soar past $1,000 on strong earnings

Oct 18, 2013 - 10:39 PM

Google shares rise more than 13 to pass the 1 000 mark on October 18

RISING STOCK. Google's quarterly profit jumped to US$2.97 billion on rising revenue, causing its stock to climb in after-market trades.

Shutdown cost US economy $24B: S&P

Oct 17, 2013 - 9:36 AM

The partial US government shutdown has taken 24 billion out of the economy and will cut growth in the 4th quarter significantly S P says

SHUTDOWN. A view of a hall on Capitol Hill September 29, 2013 in Washington, DC. AFP/Brendan Smialowski

US stocks close at all-time highs on Fed news

Sep 19, 2013 - 8:18 AM

The Dow S P and Nasdaq stocks rise to all time closing highs after the Federal Reserve left its huge monetary stimulus in place

S&P: PH rating upgrade depends on reforms

Aug 20, 2013 - 10:01 AM

The debt rating agency is closely watching government reforms to shore up revenue and investments

S&P: PH leads ASEAN growth

Aug 07, 2013 - 2:50 PM

The credit rating agency says the Philippines has overtaken Indonesia as ASEAN s economic leader

US stocks rally on upbeat data; S&P hits record high

Aug 02, 2013 - 11:21 AM

US stocks rally August 2 on strong economic data from China Europe and the United States pushing the S P 500 to an all time closing high

ALL-TIME HIGH. S&P 500 hits record-high close on strong economic data from China, Europe and US. AFP Photo

No debt upgrade for PLDT - Moody's

Jul 26, 2013 - 5:58 PM

PH debt upgrade review has no immediate impact on PLDT s debt rating says Moody s

MARKET LEADER. A man checks his mobile phone as he passes the headquarters of the Philippine Long Distance Telephone Co. at the Makati central business district. AFP Photo

Investment grade from Moody's 'coming soon'

Jul 26, 2013 - 11:07 AM

The 4th credit rating upgrade to investment grade is coming sooner than expected the central bank chief says

Dow, S&P 500 at new highs on Fed's easy-money vow

Jul 12, 2013 - 9:53 AM

The Dow surges to 15 460 92 the S P 500 reached 1 675 02 and the Nasdaq Composite zooms to 3 578 30 — all well above previous record highs

Business sentiment soars to record high

May 23, 2013 - 7:01 PM

The investment grade credit ratings from Fitch S P and Japan group cause business sentiment in the Philippines to reach a record high in the 2nd quarter

S&P upgrades PLDT's credit rating

May 03, 2013 - 3:28 PM

Just like Fitch debt watcher S P also upgrades not just the sovereign rating but also telco giant PLDT s credit rating

MARKET LEADER. A man checks his mobile phone as he passes the headquarters of the Philippine Long Distance Telephone Co. at the Makati central business district. AFP Photo

PSEi hits new record after credit upgrade

May 03, 2013 - 10:12 AM

UPDATED For the first time the Philippine Stock Exchange index breaches 7 200 benchmark after debt watcher Standard Poors upgraded the country s credit rating to investment grade

PH wins second investment grade

May 02, 2013 - 5:35 PM

4th UPDATE S P s upgrade of the Philippines credit rating to investment level is the 2nd vote of confidence from rating firms

ANOTHER INVESTMENT GRADE. The Philippines won its second investment grade rating in less than two months on May 2

S&P upgrades PH credit rating outlook

Dec 20, 2012 - 4:56 PM

International credit rating agency Standard Poor s S P revised the credit rating outlook on the Philippines to positive from stable citing the country s moderately strong growth and the Aquino government s improved capacity to pursue its reform agenda

S&P cuts Greece rating to 'selective default'

Dec 06, 2012 - 12:34 PM

Standard Poor s cut Greece s already junk level debt rating to selective default Wednesday December 5 after the country launched an operation to buy back debt at a big discount

S&P downgrades world's oldest bank to junk status

Dec 06, 2012 - 12:34 PM

Standard Poor s on Wednesday December 5 cut its credit rating for troubled Italian bank Monte dei Paschi di Siena the world s oldest surviving lender to speculative grade status of BB from BBB