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Moody's Corp

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  • MOSCOW, Oct 24- Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning a downgrade may follow if more sanctions are imposed on Moscow for its role in the Ukrainian conflict. S&P also said another cut might come if Russia's monetary policy or exchange-rate flexibility weakens. Russian Finance Minister...

  • Patients avoiding Dallas hospital where Ebola hit Thursday, 23 Oct 2014 | 9:50 AM ET

    DALLAS— The Dallas hospital where a man diagnosed with Ebola died and two nurses were infected with the virus has seen patients flee the hospital, with a more than 50 percent decline in visits to its emergency room since the crisis began. Texas Health Presbyterian Hospital Dallas said in financial statements Wednesday that its revenue fell 25 percent in the...

  • Ocwen skids further as Moody's downgrades credit Wednesday, 22 Oct 2014 | 11:33 AM ET

    NEW YORK— Shares of home loan servicing company Ocwen extended their slump Wednesday after Moody's Investors Service downgraded its credit. Atlanta- based Ocwen Financial Corp. is one of the largest home loan servicing companies in the U.S. Ocwen Financial Corp. said software errors in its correspondence system caused the problem.

  • NEW YORK, Oct 20- Corporate America's cash stockpile increased to a record $1.65 trillion in mid-2014 from $1.64 trillion at the end of 2013, although the pace of growth has slowed sharply, Moody's Investors Service said on Monday. "U.S. corporate cash balances continue to grow on the back of modest economic expansion," Richard Lane, Moody's senior vice president,...

  • Oct 17- Moody's Investors Service cut Russia's sovereign debt rating to' Baa2' from' Baa1', becoming the second ratings agency to cut the country's ratings this year, after S&P initiated a downgrade in April. Moody's said the prolonged crisis in Ukraine was weighing on Russia's medium-term growth prospects. "The military confrontation in Ukraine and escalating...

  • Moody's cuts Russia's rating to 'Baa2' from 'Baa1' Friday, 17 Oct 2014 | 4:48 PM ET

    Oct 17- Moody's Investors Service cut Russia's sovereign debt rating to' Baa2' from' Baa1', citing increasingly subdued medium-term growth prospects due to the prolonged Ukraine crisis. Moody's kept a negative outlook on Russia's rating. The military conflict in Ukraine and escalating sanctions against Russia are likely to further hurt Russia's investment...

  • In Qiqihar, a glimpse at China's slowdown Thursday, 16 Oct 2014 | 7:59 PM ET

    Qiqihar, an old industrial and agricultural hub in the northeastern province of Heilongjiang, offers a glimpse of what Beijing is anxious to avoid.

  • iPhone rollout likely widened T-Mobile's growth lead Thursday, 16 Oct 2014 | 10:51 AM ET

    WASHINGTON, Oct 14- Apple's iPhone 6 only went on sale in the last two weeks of the quarter, but the device's rollout may have been the U.S. cellular industry's top growth catalyst in the period, with T-Mobile US benefiting the most. "The iPhone cycle is going to favor the smaller operators, particularly T-mobile, which poses the biggest challenge for AT&T because it...

  • Who’s afraid of bond defaults? Tuesday, 14 Oct 2014 | 7:25 PM ET

    As yield-chasers move further out the risk spectrum, covenants on loans and bonds have loosened, but it isn't clear whether investors need to worry.

  • DETROIT, Oct 9- Mediation for the last, and potentially one of the biggest, settlements in Detroit's historic bankruptcy case has moved to New York City, a Detroit spokesman said on Thursday, amid a newspaper report that a potential deal with Financial Guaranty Insurance Co is still days away. Nearly a month ago, Detroit struck a deal with another bond insurer,...

  • BRASILIA/ RIO DE JANEIRO, Oct 8- Brazil's annual inflation rate in September shot way above an official target to its highest in nearly three years, the latest economic blow for President Dilma Rousseff who is locked in a tight race for re-election against market-favorite Aecio Neves. Brazil has slipped into recession in the first half of the year and will barely...

  • Cooling housing prices a relief for Singapore banks Tuesday, 7 Oct 2014 | 6:34 PM ET
    Residential buildings stand in the Grange Road area of Singapore, on Saturday, Sept. 21, 2013.

    Falling property prices in Singapore have provided some much needed relief for the nation's banking sector, analysts told CNBC.

  • SAO PAULO/ BRASILIA, Oct 7- President Dilma Rousseff's strategy of slamming bankers and playing up class divisions may give her the edge in this month's election but it further strains relations with business leaders just as Brazil's stagnant economy badly needs fresh investment. The leftist incumbent, who led the first round of voting on Sunday and now faces...

  • Will the Hong Kong protests hit tourism? Friday, 3 Oct 2014 | 12:56 AM ET
    A man walks past shuttered stores as a pro-democracy protest gathers on Nathan Road, a major route through the heart of the Kowloon district of Hong Kong, on September 29, 2014.

    Despite handwringing over how badly protests will hit Hong Kong tourism, it isn't clear whether the turmoil is keeping mainland tourists away.

  • New plans to clean up China's long-feared local government debt will bring near-term pain, but a longer-term fix may be in sight, analysts say.

  • Chinese banks shun depositors as rules bite Wednesday, 1 Oct 2014 | 7:45 PM ET

    China's banks this week found themselves turning away would-be depositors as they scrambled to comply with new rules. The Financial Times reports.

  • More China, Japan data on tap this week Sunday, 28 Sep 2014 | 6:33 PM ET

    As the third-quarter comes to an end, key economic data will offer investors a look into how Asia's largest economies fared during the past month.

  • U.S. public pension gap at least $2 trillion -Moody's Thursday, 25 Sep 2014 | 5:44 PM ET

    Sept 25- The U.S. public pension gap has tripled to at least $2 trillion in less than a decade, Moody's Investors Service said in a report on Thursday. The gap has widened in spite of the fact that average investment returns over about the same period were 7.45 percent, roughly in line with targets, according to the Wall Street credit rating agency.

  • UPDATE 1-S&P restores GM debt to investment grade Thursday, 25 Sep 2014 | 5:01 PM ET

    DETROIT, Sept 25- General Motors Co's corporate debt was raised by Standard& Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization.

  • S&P restores GM debt to investment grade Thursday, 25 Sep 2014 | 4:42 PM ET

    DETROIT, Sept 25- General Motors Co's corporate debt was raised by Standard& Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization.