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Similarly, small island states could have their sovereign debt downgraded, limiting their development and making them more reliant on aid.
Japan has run continuous fiscal deficits and seen its debt downgraded by the ratings agencies.
The country's biggest corporate "star", Petrobras, is mired in scandals, its debt downgraded to junk status.
All four have had their debt downgraded by the big credit-rating agencies.
Greece, its debt downgraded to junk status, clung to solvency and was backstopped by an international rescue package.
Its unemployment rate is already above 6%, compared with 5% nationwide, and the city of Detroit recently had its debt downgraded again by the big ratings agencies.
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Debt, downgrades, lawsuits — these are things you expect to be discussed in a Congressional hearing, not a broadcast of a baseball game.
For some producers, the investigation and its threat to rulings prompted debt downgrades, downward revisions of earnings forecasts and declines in their stock prices.
As early as the third quarter of 1998, the number of debt downgrades began exceeding upgrades, said Diane Vazza, head of global fixed-income research at Standard & Poor's.
The United States corporate credit ratio, which compares the number of corporate debt downgrades with upgrades, strengthened in the first quarter, breaking a four-year trend, the agency said.
Lucent Technologies, which has had seven debt downgrades since 2000, had its credit rating raised by Standard & Poor's yesterday after the company stemmed three years of sales declines last quarter.
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