Moody's Corp


  • Correction: Insider Q&A Module Wednesday, 1 Oct 2014 | 3:29 PM ET

    The Insider Q&A module sent for use as part of Money& Markets Extra for the week ending September 6 erroneously reported the estimates of Toby Shea, Vice President of Moody's Investors Service. Shea estimates the pre-tax profit of wholesale power companies such as NRG Energy and Calpine will rise 25 percent this year.

  • Moody's will buy rest of Copal Amba, lifts outlook Tuesday, 30 Sep 2014 | 1:56 PM ET

    The credit ratings agency formed Copal Amba after it bought Copal Partners and Amba Investment Services in 2013. It already owned a majority stake in the business, which provides business intelligence for the financial and corporate sectors.

  • 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.

  • The company raised about $161.4 million after its offering was priced at $12 per share, the low end of its expected price range of $12- $14. Smart and Final, backed by private equity firm Ares Management LP, is selling all the 13.45 million shares in the offering. Ares Management bought Smart and Final from Apollo Global Management LLC in 2012 for $975 million.

  • Sept 23- Moody's Investors Service said it may review the credit implications for pending tax-inversion deals in the healthcare and pharmaceutical sector if U.S. Affected companies include Medtronic Inc, Mylan Inc, Salix Pharmaceuticals, Auxilium Pharmaceuticals and AbbVie Inc..

  • Indebted Chinese firms face off with ratings agencies Thursday, 18 Sep 2014 | 7:19 PM ET

    Chinese companies hounded by debt obligations accrued over the past few years are grappling with global ratings agencies.

  • OTTAWA/ LONDON, Sept 18- Canada, one of the harshest critics of Russia's involvement in Ukraine, this week quietly cancelled sanctions against Expobank and RosEnergoBank, two small Russian banks on which it imposed the measures earlier this year.

  • BEIJING, Sept 18- China's new home prices fell in August for a fourth straight month and declines spread to a record number of cities, underlining a deepening downtrend in the property market that is increasingly weighing on the broader economy.

  • Is this the China stimulus we've been waiting for? Tuesday, 16 Sep 2014 | 10:23 PM ET
    Chinese RMB banknotes are arranged for a photograph. After a five-month slide, the Renminbi seems to be coming back and China is encouraging RMB and Chinese banks to become more global.

    Following reports that the PBoC will provide hefty liquidity injections for its banks, some analysts say something bigger is round the corner.

  • *SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.

  • BRASILIA, Sept 9- Brazilian President Dilma Rousseff has recovered ground and would be tied in popular support with opposition politician Marina Silva in a runoff vote in October, a new poll showed on Tuesday, though a festering corruption scandal threatens to complicate Rousseff's re-election bid.

  • BRASILIA, Sept 9- Brazil's President Dilma Rousseff has narrowed environmentalist Marina Silva's lead in a likely presidential election runoff in October, a new opinion poll showed on Tuesday, but a new political corruption scandal could hurt her re-election bid.

  • RIO DE JANEIRO, Sept 9- Moody's Investors Service on Tuesday said it may cut Brazil's credit rating in the next couple of years as the economy slows down, putting added pressure on whoever is elected president in October to change course on economic policy.

  • Sept 9- Moody's Investors Service lowered its outlook on Brazil's government bond rating to' negative' from' stable', saying the country's sustained low economic growth and worsening debt metrics reflected a risk of reduced creditworthiness.

  • Europe crisis is resistant to remedy of low rates Wednesday, 3 Sep 2014 | 6:41 PM ET
    French President Francois Hollande, right, and the President of the European Central Bank, Mario Draghi, speak after a meeting at the Elysee Palace, in Paris.

    It is getting harder to find free parking for large sums of euros and investors are making desperate moves in their search for safety, NYT reports.

  • SAN FRANCISCO, Sep 3- In January, Linden Texas native Richard Bowden suffered a mild stroke. "They checked me out real good," said the former city councilor, whose East Texas community of nearly 2,000 has relied on the Linden hospital since the 1960 s. Small, rural hospitals like Linden have always struggled to remain viable, but things are getting worse, fast.

  • Australia GDP preview: 'Smoke without fire’ Monday, 1 Sep 2014 | 11:39 PM ET

    Second quarter growth data will likely paint a grim picture of Australia's economy on Wednesday as it reels under slowing exports and consumption.

  • China's local governments authorized to issue bonds Monday, 1 Sep 2014 | 12:28 AM ET

    China's parliament has formally approved changes to the budget law allowing local governments to issue bonds directly.