Tag: Moody's Corporation
Moody's CorporationMoody’s cuts credit ratings of 16 Spanish banks and four regions
Ratings agency Moody's has cut the credit ratings of 16 Spanish banks, a further blow to a country that is struggling to deal with the bad debts of its banking sector. It also cut the debt rating on Santander UK, a subsidiary of the Spanish banking giant.
Fitch upgrades rating outlook to positive; warnings about Argentina and inflation
Fitch Ratings revised Uruguay's rating outlook to positive from stable on Tuesday, citing the country's ability to cut external and budget vulnerabilities. However Fitch warns about the deteriorating situation in neighbouring Argentina and inflation.
Moody’s: Spain needs to implement more austerity; 4.000 town councils financially ‘non viable’
Rating agency Moody's said on Tuesday that Spain's fiscal outlook remained challenging despite recently softened deficit targets. The announcement comes when the Secretary for Public administration admitted that 4.000 ‘ayuntamientos’ town councils in Spain are not financially viable.
Moody’s confirms Uruguay closer to investment grade rating based on debt management
Uruguay is likely to be the next Latin American country to win an investment grade rating from Moody's Investors Service, with a review likely late this year, a senior officer from the ratings agency said on Sunday.
Moody’s raises Uruguay’s credit rating to Ba1, one level below investment grade
Uruguay’s credit-rating outlook was raised on Thursday to positive by Moody’s Investors Service, which cited the government’s commitment to keeping its budget deficit in check.
France in the Euro-debt firing line: Moody’s warns of negative outlook
A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report released Monday, adding to pressure on European debt markets.
Moody’s downgrades 12 UK finance firms on fears BoE will not rescue weak banks
Moody's has downgraded the credit rating of 12 UK financial firms including Lloyds TSB, RBS, Nationwide and Santander UK. The ratings agency said it now believed the government was less likely to support firms that got into trouble.
With no accord on US debt limit, Moody’s could downgrade US ratings
Moody's has warned it may downgrade the US debt rating if Congress fails to increase the US debt limit in the coming weeks and risks default. The agency warned of political “entrenchment” preventing an increase.
Moody’s joins S&P and lifts Colombia’ credit rating to investment grade
Colombia’s credit rating was raised to investment grade by Moody’s Investors Service, matching a move by Standard & Poor’s two months earlier, as economic growth accelerates and the threat posed by guerrilla groups and organized crime recedes.
Spain top three banks left out of Moody downgrading of 30 institutions
Moody's risk ratings agency on Thursday downgraded the ratings of 30 Spanish banks, a direct consequence of its decision earlier this month to downgrade indebted Spain's sovereign rating.
