Tag: Moody's Ratings agency

Friday, July 18th 2025 - 10:43 UTC
Moody's upgrades Argentina's rating with positive shifting

Moody's has raised Argentina's foreign and local currency credit rating from Caa3 to Caa1, also shifting the outlook from “stable” to “positive.” This upgrade reflects Moody's view that Argentina's broad liberalization of exchange and capital controls, coupled with a new program with the International Monetary Fund (IMF), will improve the availability of foreign currency and ease pressure on external finances.
Monday, May 19th 2025 - 08:26 UTC
Moody’s lowers US credit rating; US budget deficit plus 6% of GDP

Moody’s Ratings decision last week to lower the US credit rating to Aa1 from Aaa, (the highest investment-grade position) triggered strong reactions and criticisms from President Donald Trump and his political advisor.
Saturday, March 16th 2024 - 10:09 UTC
Moody's improves Uruguay's ratings

Uruguay's strong institutions have earned the South American country an upgrade in Moody's rating from Baa2 to Baa1, it was reported Friday. The risk-gauging agency also changed the outlook to stable.
Monday, September 25th 2017 - 05:39 UTC
Moody's downgrades UK credit rating on concerns about public finances and Brexit

UK's credit rating has been cut over concerns about the country's public finances and fears Brexit could damage the country's economic growth. Moody's, one of the major ratings agencies, downgraded the UK to an Aa2 rating from Aa1.
Friday, August 5th 2016 - 12:18 UTC
Moody's lowers Uruguay's banking system outlook to negative: inflation remains main challenge

Moody's has lowered its outlook on Uruguay's (Baa2 negative) banking system to negative from stable on the expectation that asset risks will rise moderately as challenging economic conditions weigh on consumers and businesses alike, and profitability will decline.
Monday, May 16th 2016 - 07:25 UTC
Argentina's economy grows 0.8% during first quarter says Central bank

Argentina's economy grew 0.8% on the first quarter of the year compared to the same period last year, Central Bank Governor Federico Sturzenegger said, declaring that since President Mauricio Macri took office employment has remained “stable.”
Monday, April 18th 2016 - 08:06 UTC
Praise for Argentina from IMF and credit rating agencies but austerity measures “are tough”

Following President Mauricio Macri’s economic policies and the deal with the holdout funds, Argentina will help to bring stability and a larger economic growth to Latin America, now facing a declining economy mainly because of Brazil’s downfall, representatives from the International Monetary Fund said.
Thursday, February 25th 2016 - 06:50 UTC
Moody's downgrades Brazil's sovereign debt to 'junk territory'

Moody's Investors Service on Wednesday joined the two other major credit rating agencies in downgrading Brazil's sovereign debt to junk territory. Moody's lowered Brazil's credit rating by two notches from Baa3 (its lowest investment-grade rating) to Ba2 and changed the country's outlook to “negative,” a move that follows similar actions by Fitch Ratings and Standard & Poor's.
Tuesday, December 29th 2015 - 08:23 UTC
JPMorgan-Chase describes Macri's Argentina as “a ray of sunshine” in the region

A growing number of foreign investors are signaling interest in Argentina following the pro-market turn that newly-inaugurated President Mauricio Macri started showing since taking office. The latest financial player to endorse the country as a promising investment destination was JP Morgan Chase, the largest bank in the United States, where current Finance Minister Alfonso Prat-Gay worked in the past.
Friday, December 18th 2015 - 08:01 UTC
Brazil's budget targets ignored by Congress; Finance minister could resign

Brazil’s Congress on Thursday approved a 2016 budget with surplus targets lower than what Finance Minister Joaquim Levy wanted, a day after the country lost an investment-grade credit rating on concerns about fiscal restraint.