Cable Giant Announces Plans To Spin Off MSNBC, CNBC After Ratings Crash
Comcast announced plans to spin off a number of cable channels once viewed as prime assets days after MSNBC’s ratings fell, according to the Wall Street Journal. The cable giant is spinning…
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 downgrades. The agency also downgraded all long-term…
Evergrande’s bond holders could wait years for little payout – ratings agency
By Scott Murdoch SYDNEY (Reuters) – China Evergrande’s offshore dollar bondholders stand to receive a potentially tiny payout in a complicated process that could take years to play out after the property…
India’s economic adviser calls for review of sovereign ratings methods
NEW DELHI (Reuters) – The Indian government’s chief economic advisor called in a paper published on Thursday for reforms to the way credit ratings agencies assign sovereign ratings, saying their present methodologies…
Occidental’s deal for CrownRock is no Anadarko redux, say ratings firms
By Sabrina Valle HOUSTON (Reuters) – Occidental Petroleum’s plan to pay off debt from its acquisition of CrownRock should result in a reduced financial burden within a year of closing, credit rating…
India to be world’s third-largest economy by 2030 -S&P Global Ratings
BENGALURU (Reuters) – India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world’s third-largest economy by 2030, S&P Global Ratings…
Fitch plans to withdraw ratings of Country Garden Services
(Reuters) – Global ratings agency Fitch said on Monday it plans to withdraw all the ratings on China’s Country Garden Services Holding on or about Dec. 12 for commercial reasons. “Fitch believes…
Exclusive-Indian govt panel wants car ratings tied to improved connectivity -draft
By Munsif Vengattil and Aditi Shah NEW DELHI (Reuters) – An Indian government panel has recommended that automakers who step up connectivity features in cars to communicate with other vehicles and external…
Multilateral development banks, keen to expand lending, to meet with ratings agencies
By Andrea Shalal MARRAKECH, Morocco (Reuters) – Senior executives at multilateral development banks will meet on Wednesday with the top credit ratings agencies, bank executives said, amid a broad push to expand…
Hawaiian Electric shares sink on wildfire lawsuit, dividend pause, ratings cut
(Reuters) -Hawaiian Electric shares on Friday plunged to their lowest level since 1984 as a lawsuit alleging negligence leading to Maui wildfires raised investor worries over the financial health of the utility…
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 risk after the company missed bond payments.…
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 revise the credit ratings of some of…
Highly Scored Green Companies Pollute Just As Much As Those With Lower Ratings: REPORT
Highly Scored Green Companies Pollute Just As Much As Those With Lower Ratings: REPORT Brandon Poulter on July 31, 2023 Companies that earn high Environmental, Social and Governance (ESG) scores pollute just…
Italian bonds face a raft of challenges as credit ratings loom
By Harry Robertson LONDON (Reuters) – Italian bonds face a rockier road in the coming months after a period of unusual calm, starting with credit ratings decisions over the next two weeks.…
High Philippine inflation dents Marcos’ approval ratings
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr’s approval ratings edged lower due to public dissatisfaction over his government’s handling of inflation, but he remains popular, an opinion poll showed on Wednesday.…
U.S. agency says Uber should face claims that driver ratings are biased
By Daniel Wiessner (Reuters) – The U.S. agency that enforces workplace discrimination laws has urged a federal appeals court to revive a lawsuit alleging that Uber Technologies Inc’s system allowing passengers to…
PBOC official: China banks concerned about credit ratings in debt overhauls
By Rachel Savage JOHANNESBURG (Reuters) – Multilateral development banks (MDBs) reluctant to offer debt relief need to shoulder an “equitable burden” in sovereign debt restructurings, a People’s Bank of China official said…
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 the lender due to increased reliance on…
S&P Global Ratings: no direct threat to Latam financial system from SVB, Credit Suisse
LONDON (Reuters) – The collapse of Silicon Valley Bank last week and the turmoil around Credit Suisse do not pose a direct threat to Latin America’s financial system, S&P Global Ratings said…
Financial Ratings Giant Issues Chilling Prediction For Entire Banking Industry
Financial Ratings Giant Issues Chilling Prediction For Entire Banking Industry Laurel Duggan on March 14, 2023 Moody’s Investor Service changed its view on the entire banking system from stable to negative Monday…
Fitch downgrades and withdraws Signature Bank’s ratings
(Reuters) – Rating agency Fitch on Monday downgraded Signature Bank’s long-term corporate ratings to ‘D’ from ‘BBB+’ after state regulators closed the New York-based bank on Sunday. Signature Bank’s short-term corporate ratings…
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 ratings on Silicon Valley Bank’s long-term local…
India’s passenger vehicle sales to grow 9%-10% in 2024 – Crisil Ratings
BENGALURU (Reuters) – India’s passenger vehicle sales are expected grow about 9%-10% in fiscal year 2024, roughly 20% above pre-pandemic peak levels, as strong demand and easing chip shortages prop-up the world’s…
Germany to drag on European growth this decade – Scope ratings agency
BERLIN (Reuters) – Germany will act as a drag on growth in Europe until at least 2030, as it faces pressure to address a declining workforce and sluggish investment, according to a…
Testing group says Tesla Autopilot slips in driver assistance ratings
By David Shepardson WASHINGTON (Reuters) – Tesla’s advanced driver assistance system Autopilot fell in a ranking of 12 major systems, Consumer Reports said Wednesday. Of 12 systems tested by Consumer Reports, a…
Fitch affirms China ratings at ‘A+’
(Reuters) – Fitch Ratings affirmed China’s ratings at ‘A+’ with a stable outlook on Thursday. Fitch forecasted China’s economy to grow by 4.1% in 2023, up from 2.8% in 2022, the statement…
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