The outlook on Portugal’s government bond rating was changed to positive by Moody’s Investors Service on a continued decline in the government’s debt burden and sustained improvements in the banking sector.
Ratings agency S&P downgraded German giant Deutsche Bank’s long-term credit rating from A- to BBB+, a day after a US banking regulator classified the firm’s American subsidiary as an at-risk institution.
The Organization for Economic Cooperation and Development (OECD) upgraded Iran's rating in the risk classifications of the Participants to the Arrangement on Officially Supported Export Credits (CRE) from six to five.
Moody’s became the latest ratings agency to lift its outlook on Russia’s credit rating, upgrading it from ‘negative’ to ‘stable’, citing both a fiscal strategy — that is expected to lower the country’s dependence on energy and replenish its savings — and the gradual economic recovery.
Standard & Poor's warned that it may downgrade its credit rating on Britain sometime in the next two years following the government's decision to hold a referendum on the country's membership in the European Union.