Search Results for: Moody's
Moody’s credit ratings agency to pay $16.25 million in penalties to settle charges
August 29th, 2018
The U.S Regulator, Securities and Exchange Commission (SEC), announced that Moody’s Investors Service Inc., one of the nation’s largest credit ratings agencies, has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control ...
China’s Stocks Drop With Aussie on Moody’s Cut
May 24th, 2017
Moody’s lowers China rating on outlook for financial strength Equities in Japan, Australia and South Korea all higher China’s stocks declined after Moody’s Investors Service cut its rating on the country’s debt, saying the outlook for its financial strength ...
Moody’s downgrades outlook on 12 UK banks following UK vote to leave the EU
June 29th, 2016
Moody’s Investors Service has today changed the outlooks on the ratings of 12 UK banks and building societies. Simultaneously, the rating agency has changed the outlook on the UK banking system to negative from stable. The actions follow a ...
Moody’s reviews for downgrade Deutsche Bank’s ratings
March 24th, 2016
Moody’s Investors Service has placed on review for possible downgrade the ratings of Deutsche Bank AG (“Deutsche Bank”) and affiliates, including the bank’s long-term deposit rating of A2, its senior unsecured debt rating of Baa1, its standalone baseline credit ...
EU referendum: Moody’s predicts ‘small’ UK economic hit from EU exit
March 22nd, 2016
The UK economy would be hit by leaving the EU, but the impact would be “small” and unlikely to lead to big job losses, according to credit agency Moody’s. The UK could also be allowed to keep many of ...
Moody’s cuts China outlook on eve of NPC, cites reform, fiscal risks
March 2nd, 2016
Moody’s downgraded its outlook on Chinese government debt to “negative” from “stable” on Wednesday, citing uncertainty over authorities’ capacity to implement economic reforms, rising government debt and falling reserves. The Moody’s downgrade comes just days before the National People’s ...
Moody’s: Cross-currency swaps mitigate effect of exchange controls on covered bonds and securitisations
January 19th, 2016
Moody’s Investors Service says cross-currency swaps that mitigate the effect of foreign exchange controls have enabled Moody’s to assign ratings above the applicable foreign currency bond ceilings to foreign-currency-denominated covered bonds and securitisation transactions. “To mitigate the transferability and ...
Moody’s downgrades ratings of 7 French banks and backed ratings of another 6 French
September 24th, 2015
Moody’s Investors Service has today taken rating actions on seven French banks as well as downgraded the ratings backed by the French government of another six banks. The outlook on all of the affected ratings is stable. Moody’s has ...
Moody’s: Plummeting oil prices will squeeze global oil and gas companies’ earnings, keeping outlook negative into 2016
September 17th, 2015
Plummeting oil prices will cause cash flow for the global integrated oil & gas industry to contract by 20% or more for 2015, with only a modest recovery expected in 2016, say Moody’s Investors Service. This reflects the rating ...
Moody’s: New Spanish securitisation law aims to boost domestic financial sector
April 28th, 2015
Spain’s new securitisation law, which aims to stimulate the country’s financial sector, will provide a more flexible framework for securitisation transactions and, as such, will be beneficial for new Spanish securitisations across the asset-backed securities and covered bond markets, ...
