Some of the names on the move ahead of the open.» Read More
NEW YORK, July 25- Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.
July 25- Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key creditors line up and city workers and retirees demonstrate overwhelming support for cost-saving retirement benefit changes.
Moody's Corp. reported net income rose to $319.2 million, or $1.48 per share, from $225.5 million, or $1 per share, a year earlier. Revenue for the New York company climbed 16 percent to $873.5 million from $756 million. Revenue for Moody's Investors Service rose 16 percent to $621.7 million, while revenue for Moody's Analytics climbed 15 percent to $251.8 million.
*Second-qtr adjusted earnings $1.12/ shr vs est. July 25- Credit rating agency Moody's Corp reported a higher-than-expected quarterly profit as revenue rose from its bond ratings business, and the company raised its full-year revenue growth forecast.
Net income attributable to Moody's rose to $319.2 million, or $1.48 per share, in the second quarter ended June 30 from $225.5 million, or $1 per share, a year earlier.
In a regulatory filing, McGraw-Hill Financial Inc said it received a "Wells notice" on July 22 indicating the SEC is weighing filing civil charges for alleged securities law violations over S&P's ratings of six commercial mortgage-backed securities transactions issued in 2011..
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
*Russia has 10 pct of EMEA maturities of $1.17 trillion. MOSCOW, July 23- Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, which includes a peak maturity wall to overcome in 2015, a report by Moody's Investors Service said.
HARRISBURG, Pa.— Pennsylvania received its third bond downgrade in two years Monday, after Gov.
NEW YORK, July 15- Retirement payouts for 19.3 million U.S. state and local government workers in coming years are not likely to look much different from the iron-clad pensions that former teachers and police now get.
Rising interest rates and the creditworthiness of bond issuers are just two ways the most benign securities can pack a punch.
CHICAGO, July 11- The Illinois Supreme Court's ruling extending constitutional protection to public sector retiree health care is a negative credit factor for Illinois, Chicago and local governments seeking to alter pension benefits, Moody's Investors Service said on Friday. Illinois already has the lowest credit rating among states, with Moody's at A3.
Strong economic growth and rising inflation have raised the odds that Malaysia's central bank could hike rates for the first time in three years.
*AbbVie retracts claim that Shire investors support bid. LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its $51 billion bid for Shire after being caught out by British takeover rules.
*AbbVie retracts claim that Shire investors support bid. LONDON, July 9- U.S. drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its bid for Shire after being caught out by British takeover rules.
WASHINGTON, July 1- Creditors to Puerto Rico's electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.
WASHINGTON, July 1- Creditors to Puerto Rico's troubled electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.
WASHINGTON, July 1- Moody's pushed its rating on Puerto Rico's debt deeper into junk territory on Tuesday and prices of the island's troubled electric authority's bonds plunged as investors awaited word on whether they would receive a scheduled payment on the securities.
SAN JUAN, July 1- Puerto Rico Governor Alejandro Garcia Padilla on Tuesday signed a $9.56 billion budget for 2015, a blueprint that cuts spending by $200 million from the previous year amid a continued contraction in the island's economy.
June 30- Puerto Rico's troubles continued to worsen on Monday after mutual funds holding about $1.7 billion in its debt sued the commonwealth while other investors sold the bonds on concerns the island's finances could deteriorate further.