Moody's
Moody's Articles
Foster Wheeler LLC, a subsidiary of Swiss-based construction firm Foster Wheeler AG (NASDAQ: FWLT), snagged a ratings boost from Moody’s today. The company’s debt is now rated ‘Baa3’ with a...
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Ratings agency Moody’s has raised its senior unsecured ratings for Anadarko Petroleum Corp. (NYSE: APC) from ‘Ba1’ to ‘Baa3’ with a stable outlook. The move puts Anadarko’s debt back at...
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Of the 7,800 bonds in the U.S. secured by state or local governments, only 25 are currently speculative-grade, or junk-bonds, rated by Moody’s Ba1 or lower. Only municipalities received such low...
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Today’s ratings news leads off with the downgrade by Moody’s of six Greek banks, including National Bank of Greece (NYSE: NBG). All six were lowered from ‘B3’ to ‘Caa2’. Anyone who is...
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Today’s ratings actions are led-off by Moody’s affirmation of its ‘A2’ senior unsecured and ‘Prime-1’ short-term ratings on United Technologies Corp. (NYSE: UTX). The affirmation follows...
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The markets have been roiled recently by the debt ceiling debate, the potential debt downgrade of the U.S., and the likely new recession that will come from the austerity measures. For now, the...
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Moody’s backed away from a decision that could have haunted the credit rating agency for years. It affirmed the Aaa credit rating of the United States, a move many believed would not happen. The...
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The president of Portugal recently said that credit ratings agencies have too much power. The agencies’ comments have thrown Europe’s financial health into question, particularly the ability of...
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Moody’s has been called arrogant before. It has misread the value of mortgage-backed securities and re-rated troubled balance sheets of corporations and nations well after the bad news that affects...
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Moody’s put Japan’s sovereign debt on credit watch with “review for a possible downgrade.” The agency wrote: The review has been prompted by heightened concern that faltering economic growth...
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The actions of Moody’s, Standard & Poor’s, and Fitch helped trigger the greatest credit crisis of all time. Each has been investigated and dragged before Congress because of AAA ratings that...
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Moody’s cut the sovereign paper of Portugal from A3 to A1 with a negative outlook. The reasons were too few. They included a fear that the economy and productivity will not grow fast enough,...
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Moody’s downgraded the debt of Egypt, one of the few times a credit rating agency acted quickly to change an opinion on sovereign debt. Moody’s, Fitch, and S&P have been accused of being slow...
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Moody’s made comments on the sovereign paper of the UK, UK, Germany, and France. Each of these nations has a Aaa rating currently. The assessment of each was harsh but the US was singled out in...
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Moody’s may take away Spain’s Aa1 sovereign debt rating. The agency gave its reasons: (1) Spain’s vulnerability to funding stress given its high refinancing needs in 2011. This vulnerability...
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