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Posts Tagged ‘Moody’

Moody’s downgrades Ireland rating

July 19th, 2010 | No Comments

Ratings agency Moody’s has downgraded the Irish Republic’s sovereign bond rating to Aa2 from Aa1. The ratings agency said the move had been driven by the government’s gradual but significant loss of financial strength.

Moody’s Talks Downgrade of U.S. and U.K. Sovereign Credit Ratings

March 15th, 2010 | No Comments

Today, Moody’s is again hinting about sovereign credit downgrades for the U.S. and UK..As Bloomberg writes:The U.S. and the U.K. have moved â€œsubstantiallyâ€ closer to losing their AAA credit ratings as the cost of servicing their debt rose, accordin…

Senior Moody’s Executives: There’s a Culture of Covering Up Improper Ratings

September 30th, 2009 | No Comments

Reuters notes:Two former Moody’s executives, in testimony at a House Oversight and Government Reform Committee hearing, said workers were encouraged to remain silent and cover up evidence of alleged improper practices in assigning and monitoring credit…

Moody’s: Housing Won’t Return to Pre-Bust Levels Until 2020, “Florida and California Will Only Regain Their Pre-Bust Peak In the Early 2030s”

September 20th, 2009 | No Comments

Moodyâ€™s has just released a stunning report saying forecasting an overall expected return to a “peak” level by 2020, and stating (courtesy of Zero Hedge:):Hard-hit states such as Florida and California will only regain their pre-bust peak in the earl…

Illinois’ Credit Rating Facing Big Hit After Passing Debt-Heavy Budget

July 17th, 2009 | No Comments

Illinois’s long-term credit rating was put on watch by Moody’s Investors Services after lawmakers adopted a budget that includes $3.5 billion in short-term notes to meet pension expenses.