Error occurred while logging to SAP server from Studio as "Error: Name or Password incorrect (repeat logon)"
In Case of Foundation - Clear cache of Browser - Add the the correct SAP credentials under "Manage Credentials" page in UserGovernance (or Central) against the SAP server that you are trying to login from Studio.
Foundation Site - Settings - Manage Credentials - Enter new password for your user ID.
In Case of Connect - Reason error could be appearing is because users Password on SAP has been changed.
To overcome this error Click on Edit and then enter new password.