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Standard & Poor’s lowered the rating for Duke Energy Corp. Wednesday, citing the utility’s lack of transparency in connection with the hiring of a new CEO and the consequences of that decision. The credit-rating agency said the decision to downgrade stems from its view that “abrupt leadership changes at the company have heightened regulatory risk in North Carolina and likely in Florida, significantly weakening the company’s consolidated `excellent’ business risk profile under our criteria.” The statement pointed out that the utility is facing two rate-case increases in North Carolina as well as questions about a Florida nuclear power plant which […]

French President Nicolas Sarkozy says France must have the courage and calmness to make difficult decisions to overcome the financial crisis, in his first public appearance since the country’s credit rating was downgraded. But Sarkozy avoided any mention Sunday of the loss of…

SAN FRANCISCO – Ratings agency Standard & Poor’s is set to announce later Friday that it has cut France’s coveted triple-A rating, undermining euro-zone efforts to solve a persistent sovereign-debt crisis, according to media…

What would eurozone downgrade mean?

London – European markets were given a final-hour fright Friday upon reports of an imminent downgrade for eurozone countries by ratings agency Standard & Poor’s (the influential credit assessors declined to comment when approached by CNN.)…

– A ratings downgrade of France by Standard & Poors will be embarrassing, but its economic impact will be limited –

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