Posts Tagged ‘rating’
Mortgage constraints & economic uncertainty bedevil new housing market
Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period.
Private completions fell to 9,455, compared with 11,133 in 2008/09; social housing completions stood at 1,870 as against 2,069 and joint ventures were down from 75 to 52.
However, the developer’s cancellation rate settled out [...]
Euro falls on Portugal debt rating downgrade
Credit rating agency Moody’s Investor Service has today cut Portugal’s debt rating by two notches, sending the euro down against the dollar and the pound.
Moody’s downgraded Portugal’s rating by two notches to A1, citing weak growth and suggesting it may need fresh austerity measures next year to reach fiscal targets.
However, in a statement, Portugal’s finance [...]
S&P affirms “AAA” rating for UK
Rating agency Standard & Poor’s (S&P) today affirmed its “AAA” long-term rating on Britain but maintained its negative outlook on the long-term rating.
Following the news, the pound fell to $1.5017 from $1.5068.
Commenting on its announcement, S&P analysts Trevor Cullinan and David Beers, said: “The coalition government has set out what we view as a [...]