Tag: Moody's

• Tuesday, December 15th 2015 - 07:41 UTC

  Moody's raises Cuba's rating to positive as it moves away from Venezuela dependence and is closer to US

  

  International ratings agency Moody’s Investors Service has moved Cuba’s economic from stable to positive, citing its lessening dependence on Venezuela and the possibility of more improved relations with the United States.

• Monday, December 14th 2015 - 07:49 UTC

  Moody's downgrades Petrobras credit rating; warns of difficulties to raise cash through asset sales

  

  Moody's Investors Service has lowered Brazilian state-controlled oil company Petrobras' credit rating further into junk territory and warned of a possible further downgrade. “These rating actions reflect Petrobras' elevated refinancing risks in the face of deteriorating industry conditions that make it more difficult to raise cash through asset sales,” the New York-based ratings agency said Wednesday.

• Wednesday, November 4th 2015 - 07:55 UTC

  Moody's bets are on Macri: upgrades Argentina's debt rating to 'stable' from 'negative'

  

  Following the first round of presidential elections in Argentina on Oct. 25, which the ruling party won by a lower-than-expected margin, credit rating agency Moody's Investors Service upgraded on Monday the country's debt rating to “stable” from “negative.”

• Thursday, October 3rd 2013 - 19:17 UTC

  Moody’s lowers Brazil’s credit rating to stable from positive: rising debt and weak growth

  

  Brazil’s currency Real declined from its highest level in two weeks after Moody’s Investors Service cited rising debt and weak growth in lowering its outlook on the country’s credit rating to stable from positive.

• Thursday, September 26th 2013 - 21:36 UTC

  Spain out of recession “but not out of the crisis”, Rajoy tells US financial media

  

  President Mariano Rajoy making the round of financial media in New York this week, said Spain had emerged from recession in the third quarter with estimated economic growth of 0.1% to 0.2% forecast and 0.5% to 1% in 2014.

• Tuesday, September 18th 2012 - 09:27 UTC

  Moody’s changes Argentina rating outlook to negative from stable

  

  Moody's Investors Service has changed the rating outlook on Argentina to negative from stable, citing haphazard economic policy decisions coupled with increasing questions about the reliability of official statistics.

• Wednesday, September 5th 2012 - 00:40 UTC

  Moody’s lowers EU outlook to ‘negative’: fears big countries will prioritize their own debts

  

  Moody's has lowered its outlook for the European Union's AAA credit rating to “negative” and warned that the bloc's rating could be downgraded. The move reflected the negative outlook for the ratings of the EU key budget contributors.

• Monday, July 16th 2012 - 23:48 UTC

  Italian banks downgraded but risk-rating agencies analysis are also questioned

  

  UniCredit SpA and Intesa Sanpaolo SpA were among 13 Italian banks that had long-term debt, deposit or issuer ratings cut by Moody’s Investors Service, which cited the government’s weakened creditworthiness.

• Thursday, June 28th 2012 - 21:39 UTC

  Moody’s downgrades 11 Brazilian banks ratings which could be exposed to a debt crisis

  

  US rating agency Moody's had downgraded the ratings of 11 Brazilian banks by one to three notches, almost all of them to the level of Brazil's sovereign credit rating.

• Wednesday, June 13th 2012 - 06:22 UTC

  Moody’s downgrades Repsol rating, exposing vulnerability to YPF seizure

  

  Moody's Investors Service decided to slash the long-term rating of Spanish oil company Repsol after the Argentine government seized 51% stake of Argentina based YPF, formally run by Repsol.