Tag: Moody’s Investors Service

• Thursday, February 22nd 2018 - 09:27 UTC

  Meirelles says pensions reform “not dead and buried”, but was “credit negative” for agencies

  

  Finance Minister Henrique Meirelles said on Wednesday that he is focused on Brazil’s economic recovery and not thinking at this time of running for president in the October election, though he might consider a bid in April.

• Saturday, May 27th 2017 - 08:32 UTC

  Moody's lowers Brazil's credit outlook; Meirelles confident the reform agenda will be approved

  

  Brazil's economy is clearly growing again after a severe recession and will be shielded from a political crisis by widespread support for the government's reform agenda, Finance Minister Henrique Meirelles said, despite the fact Moody's on Friday announced it was lowering the country's credit outlook.

• Wednesday, May 24th 2017 - 08:36 UTC

  World's second largest economy has its credit rating downgraded by Moody's

  

  China has received a downgrade on its credit score, on worries about the future state of the economy. Moody's Investors Services brought down China's long-term local currency and foreign currency issuer ratings by one notch to Aa3 from A1, a move that could lead to a rise in the cost of borrowing for the Chinese government and state-owned enterprises. The ratings agency also changed its outlook for China to stable from negative.

• Thursday, March 16th 2017 - 12:12 UTC

  Temer coalition determined to pass major pension reform despite street protests

  

  Brazil's president Michel Temer and senior lawmakers were unwavering in their support for a major pension reform on Wednesday despite nationwide protests against the proposal and the dramatic expansion of a graft probe threatening the ruling coalition.

• Friday, May 6th 2016 - 06:38 UTC

  Bad news for Macri: Moody's forecasts Argentine economy will shrink 1.5%

  

  Despite the Argentine government’s forecast of a much better economic scenario in the second half of the year, credit rating agency Moody’s disagrees, saying the economy is set to shrink by 1.5%, followed by a growing unemployment and an inflation rate well above 30%.

• Tuesday, August 4th 2015 - 05:35 UTC

  Puerto Rico declared on default by Moody's after failing to make debt full payment

  

  Puerto Rico's Government Development Bank announced Monday that it was only able to make a partial payment on its Public Finance Corporation (PFC) debt service due over the weekend. In response to the non-payment of the full service, credit rating agency Moody's said it viewed the situation as a default.

• Tuesday, July 14th 2015 - 06:00 UTC

  Brazil's economic team reaching out to credit rating agencies for a vote of confidence

  

  Concerns that Brazil may lose its coveted investment grade credit rating are again on the rise among government officials and investors who worry that President Dilma Rousseff’s austerity push won’t fully offset plunging government revenues.

• Wednesday, September 10th 2014 - 05:01 UTC

  Moody's lowers Brazil's sovereign bond rating to 'negative' from 'stable'

  

  Moody's Investors Service lowered its outlook on Brazil's government bond rating to 'negative' from 'stable', saying the country's sustained low economic growth and worsening debt metrics reflected a risk of reduced creditworthiness.

• Friday, March 22nd 2013 - 07:09 UTC

  Moody’s marks eroding capital position of two of Brazil’s main state-run banks

  

  Moody's Investors Service lowered this week the long-term issuer ratings of Brazilian state banks BNDES and Caixa Econômica Federal, citing their eroding capital position after years of rapid credit expansion, but spared the also government controlled Banco do Brasil.

• Saturday, March 16th 2013 - 03:31 UTC

  Argentina expanded 1.9% in 2012; saves 4bn dollars on GDP-growth linked bonds

  

  Argentina’s GDP expanded 1.9%, following an increase of 2.1% in the last quarter of 2012, compared to the 8.9% of 2011, according to the official but questioned national stats office Indec release on Friday.