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July 11 - Standard & Poor's ratings service cut the Commonwealth of Puerto Rico's general obligation rating to "BB" from "BB+", citing enactment of a new law, which allows certain corporations to restructure their debt.
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Netherlands - Rating Action Report http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=752112 LONDON, July 11 (Fitch) Fitch Ratings has revised the Outlook on The Netherlands' Long-term foreign and local currency Issuer Default Ratings (IDRs) to Stable from Negative and affirmed the IDRs at 'AAA'. The issue ratings on The Netherlands' senior unsecured foreign and local currency bonds
NEW YORK, July 11 - Major global equities markets steadied and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
JACKSON HOLE, Wyoming, July 11 - U.S. Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.