Moody's

Moody's has cut its rating on the guaranteed debt of Barclays and Lloyds following the downgrade of the UK's credit rating last week.

Jim Leaviss, head of retail fixed income at M&G, said the UK is facing the prospect of a US-style fiscal cliff within the next five years.

Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.

Ratings agency Moody's has downgraded the credit rating of McGraw-Hill, the parent of the world's largest ratings company, rival Standard and Poor's.

In its first ever federal enforcement action against a credit rating agency related to the financial crisis, the US government has filed a lawsuit against Standard & Poor's for allegedly rigging mortgage bond rates.

Henderson's John Bennett has returned to the much-maligned Irish banking sector for the first time in over six years despite warning the position might make investors 'wince'.

Credit ratings agency Moody's downgraded six Canadian banks last night over fears the lenders had become more vulnerable to downside risks and rising house prices.

Investment strategists and asset allocation heads have labelled last week's fiscal cliff deal a ‘short-term fix', which could spark a fresh round of sovereign debt downgrades in the coming months.

UK interest rates will stay at historic lows for four more years as the economy struggles to return to normal growth levels, Citi has predicted.

Credit rating agency Fitch has downgraded Argentina and said the country would probably default on its debt obligations.