Fitch Ratings on Wednesday said it may cut the ratings for Dow Chemical and Rohm & Haas after Kuwait scrapped a deal to form a $17.4 billion petrochemical joint venture with Dow.


The American International Group has access to $144 billion in credit from the Federal Reserve under three programs, but its cash needs could grow even further.


The Federal Reserve said on Tuesday that it would provide financing to shore up money-market mutual funds.


The Federal Reserve said that it had set up a fund to buy commercial paper from money market mutual funds.


Europe’s decision to guarantee lending between banks has thrown the spotlight back to the United States, where officials are said to be studying the feasibility of doing likewise.


The new federal program aimed at restoring confidence in the nation’s money market funds was joined by four of the nation’s best-known mutual fund companies.


 
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