Inside these posts: Credit ratings

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S&P put CME credit ratings on watch

Standard & Poor’s Ratings Services placed CME Group Inc.’s credit ratings on watch for downgrade, saying the clearinghouse’s new service for fixed-income traders may weaken its financial safeguard system.

CME, the world’s largest futures exchange by trading volume, said Monday it was launching the service for fixed-income traders that lowers trading costs for interest-rate futures. The plan in is response to NYSE Euronext teaming with the Depository Trust & Clearing Corp. to develop a facility that will let investors pool collateral posted against dealings in the interest-rate futures and cash Treasurys markets. Get the full story »

S&P, Moody’s: U.S. top credit rating in jeopardy

Two leading credit rating agencies on Thursday warned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that needs correcting.

Moody’s Investors Service Inc. said in a report Thursday that the U.S. will need to reverse an upward trajectory in the debt ratios to support its Aaa rating.

“Further actions will be necessary to avoid an unfavorable debt trajectory, which would increase the probability of a change to a negative outlook on the Aaa rating,” Moody’s said in a report. Get the full story »

Moody’s eyes negative outlook for U.S. Aaa rating

Moody’s warned Monday that it could move a step closer to cutting the U.S. Aaa rating if President Obama’s tax and unemployment benefit package becomes law.

The plan agreed to by President Obama and Republican leaders last week could push up debt levels, increasing the likelihood of a negative outlook on the United States rating in the coming two years, the ratings agency said. Get the full story »