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Moody's Corp

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  • Tumbling oil prices and Western sanctions over Russia's role in Ukraine have pushed the rouble to record lows and fuelled price rises. "Unlike during the 2008-2009 crisis, now there is a significant decline of real disposable incomes in Russia so food budgets will most likely fall," said Ekaterina Lipatova, an analyst at Moody's Investors Service.

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • Jan 23- Moody's Investors Service slashed Atlantic City's credit rating six notches deeper into junk territory on Friday, a day after New Jersey Governor Chris Christie appointed an emergency manager with a mandate to consider a debt restructuring. Atlantic City has about $344 million of long-term debt outstanding. The order from Christie to consider a...

  • ATLANTIC CITY, N.J.— Wall Street is looking at Atlantic City's financial future and doesn't like what it sees. Moody's Investors Service on Friday lowered Atlantic City's bond rating by six steps, from Ba1 to Caa1, which is deep into junk territory. Chris Christie appointed corporate turnaround specialist Kevin Lavin as the city's emergency manager, and Kevyn...

  • *Copper falls 3.5 percent this week. *China's factory growth stalls in January. LONDON, Jan 23- Copper fell on Friday, posting its sixth straight weekly loss as it moved back towards a recent 5-1/ 2- year low, weighed down by a stronger dollar and concerns about the outlook for demand from top consumer China.

  • *Copper on track for 2 percent fall this week. *Premiums for bonded nickel in China surge. LONDON, Jan 23- Copper fell on Friday, and was on track for its sixth week of falls after failing to post a convincing rebound from last week's 5-1/ 2 year low, weighed by concerns about the outlook for demand from top consumer China.

  • Jan 22- Regulatory measures to curb China's shadow banking growth appear to be having an effect and have prompted a shift in credit activity back to the formal banking system, Moody's Investors Service said on Thursday. "Although shadow banking has continued to grow, it has done so more slowly in recent quarters as regulatory measures to rein in the sector's...

  • An SEC official said he expected more enforcement activity in the future. In Wednesday's settlement, the SEC said S&P agreed to pay $58 million to settle three matters with the agency plus $19 million to settle parallel cases with the attorneys general of New York and Massachusetts. Unlike the Justice Department case, the charges brought by the SEC involve...

  • DALLAS— Airlines will save billions this year thanks to cheaper jet fuel, but they aren't likely to share the bounty with passengers— not while so many flights are already full. Instead, the airlines will use their windfall to pay down debt and reward shareholders. If prices stay around these levels, U.S. airlines could save $20 billion this year by some estimates.

  • Months after he landed in Florida's Manatee County Jail, Jovon Frazier's pleas for treatment of the intense pain that radiated from his left shoulder to his elbow were met mostly with Tylenol. Frazier, then 18, wrote the second time he asked for care, in August 2009. That company, Corizon Health Inc., is under growing pressure around the country after losing five...

  • Moody's cuts Russian government's bond rating Friday, 16 Jan 2015 | 4:54 AM ET

    LOS ANGELES— Moody's Investors Service has cut its rating on Russian government bonds one step closer to "junk" status. Several agencies have cut Russia's credit rating in recent months as its economy worsens under the twin pressures of Western sanctions and declining oil prices. Standard& Poor's was widely expected to downgrade Russia's credit rating to "junk"...

  • *Qatar could invest in energy, tourism, property sectors. DOHA, Jan 15- Qatar is considering funding projects in Venezuela, industry and diplomatic sources said, as the Latin American state lobbies fellow crude producers to help repair the damage done to its economy by plummeting oil revenues. Industry sources in Qatar said on Thursday the country was still...

  • Venezuelan and Algerian officials have this year initiated talks over production levels between Russia and producers group OPEC, but officials in Moscow have said the country, in which around 40 percent of output is in private hands, would find it technically tough to cut. Yet Maduro's move is supported by some in OPEC such as Iran and Venezuela, who want output...

  • Maduro's call is supported by OPEC price bulls, such as Iran and Venezuela, who want output cuts from OPEC but can contribute little themselves. Gulf OPEC sources have said Saudi might consider cutting production if non- OPEC members, such as Russia, joined. Russia agreed to symbolic output cuts in tandem with OPEC during the 2001 price collapse, but never followed...

  • LAS VEGAS— Company lawyers said Wednesday that a division of financially troubled Caesars Entertainment Corp. will head to court in Chicago on Thursday to file for Chapter 11 bankruptcy protection. "Caesars is, in a certain sense, a Nevada version of' too big to fail,'" said Michael Green, a history professor with the University of Nevada, Las Vegas.

  • Jan 13- Moody's Investors Service cut its rating on Venezuela by two notches to the agency's third lowest on Tuesday, citing a high risk of the country defaulting on its debt due to lower oil prices. The rating agency also forecast that Venezuela's estimated current account surplus of more than 2 percent of gross domestic product in 2014 would likely shift to a...

  • Jan 13- Moody's Investors Service cut its rating on Venezuela to Caa3 from Caa1, saying there was high risk of the country defaulting on its debt due to lower oil prices. The rating agency raised the outlook to "stable" from "negative", with the view that even if the oil prices drop further, the losses to bondholders would be consistent with the current Caa3 rating.

  • WASHINGTON, Jan 12- The economies of almost all U.S. counties grew by leaps and bounds last year, yet few returned to the health they reached before the 2007-09 recession, a report released on Monday shows. Unemployment declined in nearly all of the country's 3,069 counties in 2014, according to the National Association of Counties, but not enough to hit the lows...

  • JAKARTA, Jan 9- Indonesia has raised $4 billion in a U.S. dollar bond issue, taking advantage of the current low-yield environment and improving sentiment about the country and policies its new president is pursuing. With the improved terms on the new bonds, " Indonesia has to fork out a lower percentage than in a tough market," said Wellian Wiranto, an economist at...

  • HONG KONG, Jan 8- Moody's Investors Service began an appeal on Thursday against a decision by Hong Kong's markets watchdog to fine the ratings agency $3 million for a report that raised concerns about corporate governance at some Chinese companies. The case before the Hong Kong's Securities and Futures Appeals Tribunal comes amid growing investor scrutiny...