"Need to allow life insurers to invest in non-AAA rated bonds"

Last Updated: Sunday, October 30, 2011, 15:02

The industry ministry is in favour of allowing life insurance companies to invest in greater quantity in non-AAA rated debt instruments, a move that will encourage flow of funds for infrastructure projects.

US probing S&P rating of mortgages: Report

Last Updated: Thursday, August 18, 2011, 13:07

The Justice Department of the United States is investigating whether credit ratings agency Standard & Poor's improperly rated dozens of mortgage securities in the years leading up to the global financial crisis of 2008, a media report says.

Fitch confirms France's top AAA credit rating

Last Updated: Wednesday, August 10, 2011, 21:39

The Fitch ratings agency Wednesday confirmed that France was retaining its top triple-A credit rating amid rumours that it would lose the prized status.

US will always be a "triple-A" country: Obama

Last Updated: Tuesday, August 9, 2011, 09:41

President Barack Obama strongly defended US credit after a historic debt downgrade by rating agency S&P and said America will always be AAA nation as its economic problems were "imminently solvable", given the political will.

US loses AAA rating; G7 meet to discuss US downgrade

Last Updated: Saturday, August 6, 2011, 20:28

The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, hours after investors alarmed by the euro zone debt crisis forced Italy to speed up an austerity drive.