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S&P Global Ratings is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City.
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Sri Lanka declared the country was suspending payment on most foreign debt from April 12, 2022, kindling the Indian Ocean island's first sovereign default event and ending an unblemished record of repaying external debt despite experiencing milder currency crises in the past. By April Sri Lanka was suffering the worst monetary crisis in its history with a steeply falling rupee, high inflation and forex shortages which triggered shortfalls of fuel, power and medicine. Widespread public protests led to a political crisis. In March, the International Monetary Fund released a report saying publicly for the first time that the country's debt was unsustainable and required re-structuring. Authorities had advertised for financial and legal advisors to help negotiate with creditors shortly before the suspension was announced.
References
- 1 2 Buiso, Gary; Burke, Cathy; Roberts, Georgett (7 August 2011). "Downgrade 'doer' was no biz wiz". New York Post. Retrieved 2013-02-17.
Yet John Chambers, 55,...has became[ sic?] the stern public face of Standard & Poor's, the private agency that wreaked havoc Friday night by notching down the nation's credit to double-A from triple-A.
- 1 2 Dallas, George S. (2004). Governance and risk: an analytical handbook for investors, managers, directors, and stakeholders. McGraw-Hill. pp. xviii–xix. ISBN 9780071429542.
- ↑ "S&P's Chambers Says U.S. Debt Problems Need Bipartisan Solution". San Francisco Chronicle. 7 August 2011. Retrieved 8 August 2011.[ dead link ]
- ↑ Schwartz, Nelson D.; Eric Dash (7 August 2011). "S&P takes heat, defends its U.S. downgrade". Sacramento Bee. Retrieved 8 August 2011.[ permanent dead link ]
- ↑ Making the Call on U.S. Credit Rating. Wall Street Journal, July 22, 2011
- ↑ "Iowa Band - Development | Grinnell College". Archived from the original on 2012-03-17. Retrieved 2011-08-08.
- 1 2 "Arab Bankers Association of North America - John B. Chambers, CFA". Archived from the original on 2011-10-08. Retrieved 2011-09-14.
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