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Although Moody's maintained its rating at Baa2, just two notches above junk status, it said the outlook had dimmed, with the chances of meaningful economic and fiscal reform receding.
Fitch reduced its default rating on China's long-term local currency debt to A+, from AA–. Fitch, however, maintained its rating on China's long-term foreign currency debt at A+, citing the country's $3.39 trillion in foreign currency reserves, compared with just $34 billion in foreign currency-denominated sovereign debt.
To compound the bad news, Moodys maintained its rating on Countrywides credit, but changed its outlook to negative meaning it is considering a downgrade.
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Another agency, Fitch Ratings, gave Italy a vote of confidence Wednesday despite the recent turmoil there, maintaining its rating on Italian debt.
In 2005 Iran was ready to discuss an upper limit for the number of its centrifuges and to maintain its rate of enrichment far below the high levels necessary for weapons.
While UBS maintained its buy rating on the stock, it did lower its EPS estimates in the report.
maintained its B+ rating on those lines, which are secured by its valuable Pacific routes, planes and other collateral.
With the higher price target, Jefferies maintained its buy rating.
In the report, Citigroup maintained its buy rating.
With the lower price target, Citigroup maintained its sell rating.
In the report, Citigroup maintained its hold rating.
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