Moody’s cuts NYCB ratings to junk, warns of more downgrades
(Reuters) – Rating agency Moody’s downgraded New York Community Bancorp’s all long-term and some short-term issuer ratings to junk on Tuesday and warned of further … Read more
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More junk-rated US companies to default in Q1, Moody’s forecasts
By Matt Tracy (Reuters) – Defaults by U.S. companies with low junk credit ratings are likely to rise further in the first quarter of 2024, … Read more
Moody’s revises Turkey’s outlook to positive on decisive change in economic policy
(Reuters) – Moody’s on Friday revised Turkey’s outlook to positive from stable, citing the decisive change to the country’s monetary policy. Since President Tayyip Erdogan … Read more
Moody’s and Fitch say Chile’s polarization, social demands persist after constitution vote
SANTIAGO (Reuters) – A vote in Chile to reject a new constitution on Sunday reduced regulatory uncertainty but does not resolve social discontent or political … Read more
Moody’s sees negative outlook for Latin American companies on high rates, low growth
BOGOTA (Reuters) – Non-financial industry companies in Latin America are facing a negative outlook for next year because of continued high interest rates, slow regional … Read more
More US commercial property owners to tap securities market in 2024 -Moody’s
By Matt Tracy WASHINGTON (Reuters) – More U.S. commercial property owners are expected to turn to commercial mortgage-backed security (CMBS) lenders next year instead of … Read more
Structural demand for US debt strong despite bond market volatility – Moody’s
(Reuters) – The structural demand for U.S. debt which underpins the dollar-based global financial system remains strong against the backdrop of recent Treasury market volatility, … Read more
Moody’s downgrades Fastpartner credit rating
COPENHAGEN (Reuters) – Moody’s said on Tuesday it had downgraded Swedish real estate company Fastpartner’s corporate family credit rating (CFR) to B1 from Ba3, and … Read more
Yellen says she disagrees with Moody’s outlook on US debt
By Ann Saphir and David Lawder SAN FRANCISCO (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday pushed back on Moody’s decision last week to … Read more
Treasuries central clearing reduces basis trades risks, says Moody’s
NEW YORK (Reuters) – An expansion of central clearing in the U.S. Treasuries market would reduce liquidity risks associated with a popular hedge fund arbitrage … Read more
Marketmind: Sidestepping Moody’s rating twist
A look at the day ahead in U.S. and global markets from Mike Dolan A sideswipe at the last remaining triple-A U.S. sovereign credit rating … Read more
Biden officials reject Moody’s shift to ‘negative’ outlook, point to Republican ‘dysfunction’
WASHINGTON (Reuters) – Top Biden administration officials on Friday rejected a decision by Moody’s ratings agency to downgrade its U.S. economic outlook to negative from … Read more
Banking sector faces risks from inflation -Moody’s
By Paritosh Bansal and Tatiana Bautzer NEW YORK (Reuters) – The banking sector is not yet out of the woods, with reinflation a risk if … Read more
Moody’s creates private credit rating and research group
By Tatiana Bautzer NEW YORK (Reuters) – Ratings agency Moody’s is creating a unit to research and rate private credit, the firm said on Monday. … Read more
Moody’s quarterly profit beats estimates on robust demand
(Reuters) – Ratings agency Moody’s reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics. The New … Read more
Moody’s downgrades Egypt deeper into junk territory
(Reuters) – Moody’s on Thursday downgraded Egypt’s credit rating by a notch to ‘Caa1’ from ‘B3’, citing the country’s worsening debt affordability. Egypt has been … Read more
Moody’s cuts China property sector’s outlook to negative
(Reuters) – Moody’s on Thursday cut China’s crisis-hit property sector’s outlook to negative from stable, citing economic growth challenges the ratings agency said would dampen … Read more
FBI probing MGM Resorts cyber incident as some casino systems still down
By Raphael Satter and Zeba Siddiqui NEW YORK/SAN FRANCISCO (Reuters) -The FBI said on Wednesday it was investigating a cybersecurity incident at gaming giant MGM … Read more
Private market insured losses from Hurricane Idalia to be $3-5 billion – Moody’s RMS
(Reuters) – Private market insured losses are expected to be between $3 billion and $5 billion due to Hurricane Idalia which struck the Big Bend … Read more
Moody’s lifts 2023 U.S. growth forecast, cuts China’s for 2024
By Marc Jones LONDON (Reuters) – Credit rating agency Moody’s raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year … Read more
Moody’s downgrades Hawaiian Electric’s credit to junk amid Maui wildfire scrutiny
(Reuters) – Ratings agency Moody’s Investors Service downgraded utility Hawaiian Electric Industries’s credit rating to junk status on Friday, the second such cut this week … Read more
US CLOs’ credit profiles resilient despite mid-sized company risk -Moody’s
By Matt Tracy WASHINGTON (Reuters) – The credit quality of U.S. middle market collateralized loan obligations (CLOs), major sources of debt funding for mid-sized companies, … Read more
Insured losses from Maui wildfires at least $1 billion – Moody’s
LONDON (Reuters) – Moody’s Investors’ Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii will be at least $1 billion. … Read more
Country Garden credit distress likely to spill over to China markets – Moody’s
LONDON (Reuters) – Credit distress at Chinese private developer Country Garden is likely to spill over to the country’s property and financial markets, weakening sentiment … Read more
Moody’s cuts ratings of Chinese developer Country Garden
(Reuters) – Ratings agency Moody’s on Thursday downgraded Chinese developer Country Garden’s corporate family rating (CFR) to Caa1 from B1, citing heightened liquidity and refinancing … Read more
Quotes- U.S. bank stocks slide after Moody’s ratings downgrade
By Nupur Anand NEW YORK (Reuters) – U.S. bank shares slid on Tuesday after Moody’s downgraded several small to mid-sized banks and said it may … Read more
Moody’s sees negative economic consequences of Israel’s judicial upheaval
By Steven Scheer JERUSALEM (Reuters) – Moody’s Investors Service said on Tuesday that passage of a new law in Israel limiting some Supreme Court powers … Read more
Moody’s beats revenue estimates on steady demand for analytics services
(Reuters) – Moody’s Corporation beat Wall Street estimates for second-quarter revenue on Tuesday, helped by steady demand from investors for its data, analytics and research … Read more
US dollar dominance to persist for decades despite challenges – Moody’s
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar’s dominance in international trade and finance will persist for decades despite new challenges and … Read more
Moody’s: Emerging market credit to be tight amid U.S.-led risks
LONDON (Reuters) – Emerging economies will continue to suffer from the spillover of economic problems in the U.S., which are restricting their market access and … Read more
Storm clouds gather over highly indebted companies, Moody’s says
By Matt Tracy WASHINGTON (Reuters) – Credit ratings agency Moody’s Investors Service Inc said on Wednesday it has pushed more highly indebted companies to the … Read more
Moody’s downgrades Poland’s mBank, confirms Bank Millennium
WARSAW (Reuters) – Moody’s has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from “under review” citing risks stemming from … Read more
IMF bailout not a silver bullet for Sri Lanka, says Moody’s Analytics
By Swati Bhat and Uditha Jayasinghe MUMBAI (Reuters) – Sri Lanka has a difficult road ahead irrespective of how much funding it receives from multilateral … Read more
Moody’s downgrades credit ratings on First Republic Bank
(Reuters) – Ratings agency Moody’s on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank’s financial profile and challenges faced by … Read more
S&P, Moody’s positive on Saudi Arabia’s non-oil reforms
(Reuters) – S&P Global on Friday raised its sovereign rating on Saudi Arabia to “A/A-1”, citing expected reform and diversification plans to boost development of … Read more
Moody’s downgrades Signature Bank to junk, places six U.S. banks under review
(Reuters) – Ratings agency Moody’s on Monday downgraded the debt ratings of collapsed New York-based Signature Bank deep into junk territory and placed the ratings … Read more
Moody’s downgrades credit ratings on Silicon Valley Bank, SVB Financial
(Reuters) – Rating’s agency Moody’s on Friday downgraded the ratings of SVB Financial Group and its bank subsidiary, Silicon Valley Bank. Moody’s slashed its credit … Read more
Chile’s tax reform rejection could raise debt, Moody’s says
(Reuters) – Chile’s rejection of a tax reform put forward by leftist President Gabriel Boric will complicate the country’s process of fiscal consolidation and gradually … Read more
Climate change could cost Latin America 16% of GDP this century, says Moody’s
MEXICO CITY (Reuters) – Climate change could cost Latin America nearly a fifth of its gross domestic product (GDP) by the end of the century … Read more
Moody’s slashes Pakistan’s rating amid payment crisis
(Reuters) – Global ratings agency Moody’s cut Pakistan’s sovereign credit rating by two notches to ‘Caa3’ on Tuesday amid international loan negotiations, saying the country’s … Read more
Citi’s high deposit betas to squeeze interest margins – Moody’s
By Mehnaz Yasmin (Reuters) – Citigroup Inc may see more net interest margin (NIM) pressure than the other four big U.S. banks this year due … Read more
U.S. corporate default rate to rise in 2023 -Moody’s
By Matt Tracy (Reuters) – Moody’s Investors Service expects the U.S. corporate debt default rate to accelerate to nearly 6% by year-end from 2% in … Read more
Peru’s key financial institutions remain resilient amid political turmoil – Moody’s analyst
LIMA (Reuters) – Peru’s key economic and financial institutions remain resilient to political volatility, Moody’s analyst Jaime Reusche said Thursday after the country impeached and … Read more
Moody’s sees ‘very high’ foreign exchange risk for banks in Ukraine, Turkey
LONDON (Reuters) – Banks in countries such as Ukraine and Turkey face a “very high” risk from restrictions on capital flows, weak international reserves and … Read more
Moody’s sees debt loads of large Latin American sovereigns likely staying high
MEXICO CITY (Reuters) – Moody’s Investors Service on Wednesday said the debt loads of large Latin American sovereigns will likely stay high, constraining governments’ ability to … Read more
Credit outlook darkens for non-financial companies, Moody’s says
By Juliette Portala (Reuters) – The outlook for credit conditions next year for non-financial companies in Europe, Middle East and Africa is negative, credit rating … Read more
Moody’s changes Renault’s outlook to “stable” from “negative”
PARIS (Reuters) – Moody’s Investors Service said on Friday it changed the outlook on French carmaker Renault’s ratings to stable from negative to reflect prospects … Read more
Britain’s budget plan restores credibility but risks remain -Moody’s
LONDON (Reuters) – Britain’s budget plan for tax increases and tighter public spending announced on Thursday goes some way to restoring the country’s economic credibility, … Read more
Moody’s cuts India’s 2022 GDP growth forecast to 7%, sees 2023 growth at 4.8%
MUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher inflation, high interest rates and … Read more
S&P downgrades Credit Suisse Group, Moody’s cuts some ratings
ZURICH (Reuters) – S&P Global Ratings has downgraded Credit Suisse Group’s long-term issuer credit rating by one notch to BBB- and cut its view on … Read more