Standard & Poor has trimmed Brazil's loan rating into "junk territory' following the nation's failure to reduce its fiscal risks and the political hurdles facing the economy of Brazil. The government is hopeful to reform its fiscal strategy amid political challenges and economic slowdown.
Standard & Poor downgraded SoftBank because of the financial risks it took in buying Sprint.
S&P lowered SoftBank's rating after winning the bid on Sprint.
Credit Suisse's falling stocks boded ill for other Swiss stocks.