Inside these posts: Downgrade

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S&P downgrades Portugal, Greece

Rating agency Standard & Poor’s delivered a damning verdict of the euro zone’s new plans for resolving sovereign debt crises, downgrading two of the euro zone’s most troubled member states on Tuesday. Get the full story »

Junk-rated First Industrial Realty knocked down another peg

Standard & Poor’s Ratings Services downgraded First Industrial Realty Trust Inc. deeper into junk territory, saying the industrial-property developer has inadequate liquidity and a small cushion under some credit facility covenants.

The move came a week after Fitch Ratings took the same action, citing similar concerns. Get the full story »

Amazon downgraded with crowded e-book market

Despite its early lead in the fast-growing e-book market, Inc. (AMZN) faces growing competition from tech giants Google Inc. (GOOG) and Apple Inc. (AAPL), according to one analyst.

Marianne Wolk of Susquehanna downgraded Amazon to a neutral rating on Monday. In a note to clients, the analyst cited “intensifying competition” in the e-book market, which is creating more uncertainty around the company’s Kindle business. Get the full story »