Jun 30, 2015

Sharp in 'selective default,' S&P says

Troubled electronics maker Sharp is in “selective default,” ratings agency S&P said, the latest blow to the one-time giant as it struggles to repair a tattered balance sheet. The move comes after Sharp announced that it was issuing preferred securities to its main lenders, ...

S&P downgrades France; eurozone recovery clouded

Nov 8, 2013

S&P downgrades France; eurozone recovery clouded

France, and the eurozone’s fragile recovery, were thrown on the back foot Friday when rating agency Standard & Poor’s downgraded French debt by one notch, but the government reacted with defiance. S&P said in strong terms that high debt, taxes and unemployment were squeezing ...