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Posts related to ‘Moody's’

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No Ratings Agency Endorsement on Smithfield China Buyout

Posted: May 30, 2013 at 2:13 pm

Smithfield Foods, Inc. (NYSE: SFD) should be enjoying a nice day-after in the sun now that it has answered activist investors with a new buyout offer for the company. The problem ...
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Pouring molten steel

Significant Credit Rating Downgrade for Alcoa: Welcome to Junk Bonds

Posted: May 29, 2013 at 4:25 pm

Alcoa Inc. (NYSE: AA) has just lost its investment grade corporate credit rating after a downgrade from Moody's. The aluminum giant and DJIA component is now a junk bond rating as its ...
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Gold and Silver

Gold Miner Takes Corporate Credit Downgrade, Gold Price Risk

Posted: April 29, 2013 at 2:57 pm

The latest recovery in the price of gold is not helping gold miners as much as some investors might think. In fact. Moody's Investors Service just issued a corporate credit ...
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NY storm

Beyond Meredith Whitney — More Negative Muni Trends Expected in 2013

Posted: February 21, 2013 at 11:50 am

Meredith Whitney was applauded for her call about the impending doom of the banking sector ahead of the recession, but she has been criticized ever since her call for billions ...
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Money, US, $100 bills

Another Obstacle to Rental Bonds

Posted: January 18, 2013 at 12:26 pm

One of the big ideas floating around for the past year or so is the securitization of single-family rental payments into securities that could then sold to investors. If this ...
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Sony’s Credit Rating Cut at Moody’s

Posted: November 9, 2012 at 9:44 am

Consumer electronics maker Sony Corp. (NYSE: SNE) is just one step away from having its bonds rated as "junk" by ratings firm Moody’s Investors Service. The ratings agency this morning ...
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Sub-prime Auto Loans Rising in the US

Posted: July 19, 2012 at 1:40 pm

In a fascinating review of the US sub-prime automobile lending market, Moody’s sees signs that today’s market is eerily similar to the early stage of growth in sub-prime auto loans ...
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Moody’s “Summer of Discontent”

Posted: July 13, 2012 at 6:42 am

Moody’s issued its cleverly titled “Summer of Discontent” analysis of the global economic situation. The comments about the next quarter were dire, but, as usually, the rating agency was late ...
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Foster Wheeler Subsidiary Gets Investment Grade Rating from Moody’s (FWLT)

Posted: March 27, 2012 at 2:27 pm

Foster Wheeler LLC, a subsidiary of Swiss-based construction firm Foster Wheeler AG (NASDAQ: FWLT), snagged a ratings boost from Moody’s today. The company’s debt is now rated ‘Baa3’ with a ...
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Moody’s Lifts Andarko Debt to Investment Grade (APC)

Posted: March 23, 2012 at 12:59 pm

Ratings agency Moody’s has raised its senior unsecured ratings for Anadarko Petroleum Corp. (NYSE: APC) from ‘Ba1’ to ‘Baa3’ with a stable outlook. The move puts Anadarko’s debt back at ...
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Nine American Cities Going Broke

Posted: September 27, 2011 at 5:10 am

Of the 7,800 bonds in the U.S. secured by state or local governments, only 25 are currently speculative-grade, or junk-bonds, rated by Moody’s Ba1 or lower. Only municipalities received such ...
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Top Debt & Credit Rating Agency Actions (PPL, DPZ, CX, PEPFF, ETR, FDX, EADSY, BHP)

Posted: September 23, 2011 at 2:12 pm

Today's ratings news leads off with the downgrade by Moody's of six Greek banks, including National Bank of Greece (NYSE: NBG). All six were lowered from 'B3' to 'Caa2'. Anyone ...
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Top Debt & Credit Rating Agency Actions (UTX, GR, GM, LSTZA, LSTZB, LCAPA, LCAPB, BRK-A, BRK-B, CAG, OWW, WWWW, CMI)

Posted: September 22, 2011 at 1:43 pm

Today's ratings actions are led-off by Moody's affirmation of its 'A2' senior unsecured and 'Prime-1' short-term ratings on United Technologies Corp. (NYSE: UTX). The affirmation follows United's announced acquisition of ...
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The Last AAA Countries (And Those At Risk)

Posted: August 4, 2011 at 4:36 am

The markets have been roiled recently by the debt ceiling debate, the potential debt downgrade of the U.S., and the likely new recession that will come from the austerity measures. ...
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Moody’s Backs Down: US Remains AAA

Posted: August 2, 2011 at 6:41 pm

Moody's backed away from a decision that could have haunted the credit rating agency for years. It affirmed the Aaa credit rating of the United States, a move many believed ...
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