Moody's Corp


  • Moody's downgrades credit rating on Russia Friday, 20 Feb 2015 | 7:17 PM ET

    NEW YORK— Moody's Investors Service says it has cut Russia's credit rating to junk grade, citing the crisis in Ukraine and a slide in oil prices and the ruble. Moody's downgraded Russia's rating from Baa3 to Ba1, or one notch below investment grade. Russia's economy has been hit by the double impact of weaker energy prices as well as Western sanctions over its role...

  • MOSCOW, Feb 21- Moody's Investors Service's downgrade of Russia's sovereign rating was based on "factors of a political character," Russian Finance Minister Anton Siluanov said on Saturday following news that the credit ratings agency had cut the rating to below investment grade. Moody's downgraded Russia's sovereign rating to Ba1 from Baa3, citing the...

  • BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 2:30 p.m. ET Friday, 20 Feb 2015 | 3:01 PM ET

    No deal yet in U.S. West Coast port dispute. SAN FRANCISCO- Shipping executives and union leaders for dockworkers at 29 U.S. West Coast ports remain locked in a dispute as talks, brokered by the U.S. labor secretary, head into a fourth straight day. WASHINGTON- The Obama administration says it will create a special enrollment period for tax filers who were unaware...

  • RIO DE JANEIRO, Feb 20- State-run Petroleo Brasileiro SA could cost Brazil an amount equal to 5 percent of its gross domestic product in the event of a Treasury bailout, a senior analyst with Moody's Investors Service said, underscoring the potential impact on public finances of a massive corruption scandal at the oil firm. It already makes the company "a...

  • Though some portfolio managers including Pimco and Van Eck Global have pared their exposure in recent months, Venezuela remains among the largest positions for U.S. funds that focus on emerging market debt. The $4.6 billion TCW Emerging Markets Income Fund also has kept an overweight position, with 5 percent of assets invested in Venezuela.

  • Chinese economy more sustainable now - China c.bank Tuesday, 10 Feb 2015 | 8:55 PM ET

    BEIJING, Feb 11- China's economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank Vice Governor Yi Gang told a G20 meeting of finance officials earlier this week. To stoke growth and bank lending, China's central bank last week reduced the amount of cash that banks have to hold as reserves for the first time in over two...

  • CHICAGO, Feb 8- For decades, Chuck Souder relied on corn and soybeans to keep his 400- acre Iowa farm running, but with corn selling for half its price two years ago and soybeans slumping, Souder has shifted to what he hopes will be a more profitable crop: Pigs. Minnesota, Missouri, Illinois and other states are seeing a similar surge, said state agriculture officials.

  • Wall Street cheers better-than-expected jobs report Friday, 6 Feb 2015 | 9:06 AM ET
    Traders work the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a slightly higher open on Friday, encouraged by a better-than-expected labor market report.

  • Early movers: TWTR, MSG, EBAY, GPRO & more Friday, 6 Feb 2015 | 8:00 AM ET

    Some of the names on the move ahead of the open.

  • Feb 6- Credit rating agency Moody's Corp reported a better-than-expected quarterly profit, driven by strong growth in its analytics business and higher debt issuance in the United States. High grade corporate debt offerings in the United States totaled $1.1 trillion in 2014, an increase of 9 percent compared with a year earlier, according to Thomson Reuters...

  • Net income attributable to Moody's rose to $236.3 million, or $1.12 per share, in the fourth quarter ended Dec. 31, from $206.7 million, or 94 cents per share, a year earlier.

  • Traders work the floor of the New York Stock Exchange.

    U.S. stock index futures signaled a softer open on Friday, as all eyes turn to the latest labor market report.

  • Why a HK property crash won’t bring economy down Thursday, 5 Feb 2015 | 5:46 PM ET
    Residential buildings seen through a construction crane stand in the West Kowloon district of Hong Kong

    Hong Kong's property sector may face dire predictions of a crash, but that wouldn't be an Armageddon scenario for the economy, analysts said.

  • DIARY- Top Economic Events to Feb 17 Tuesday, 3 Feb 2015 | 7:01 PM ET

    CALIFORNIA- Andrew Gracie, Bank of England's executive director for resolution, speaks at the FIA-SIFMA asset management derivatives forum- 1200 GMT. COLUMBUS- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economy before the Ohio Bankers League annual economic summit- 1745 GMT. LONDON- Bank of England holds monetary policy...

  • Feb 2- Standard& Poor's has reached a $125 million settlement with California's public pension system, Calpers, to resolve a case involving inflated grades of residential mortgage deals that later faltered, the Wall Street Journal reported, citing people familiar with the situation. Separately, S&P on Tuesday is expected to announce a settlement of more than...

  • DIARY- Top Economic Events to Feb 13 Monday, 2 Feb 2015 | 7:01 PM ET

    NEWARK, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on "U.S. and International Economies and Monetary Policy" before the 10th Annual Delaware Economic Forecast hosted by the University of Delaware- 1500 GMT. Treasury Secretary Jack Lew testifies before the House Ways and Means Committee on the President's Budget Proposal...

  • Stocks close up sharply, boosted by Greece and oil Monday, 2 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.

  • US probes Moody's over mortgage ratings: Report Sunday, 1 Feb 2015 | 3:47 PM ET
    Turnagain Arm on July 15, 2014 in Anchorage, Alaska.

    Moody's Investors Service is under investigation by the U.S. Justice Department for some of its mortgage ratings, according to a report.

  • DIARY- Top Economic Events to Feb 12 Friday, 30 Jan 2015 | 7:01 PM ET

    SARASOTA, United States- Federal Reserve Bank of Atlanta Executive Vice President David Altig and Federal Reserve Bank of Dallas Senior Vice President Mine Yucel participate in "The Economic Outlook, Monetary Policy and Energy: Thoughts from Federal Reserve Research Directors" event hosted by the New College of Florida and the Global Interdependence...

  • BRASILIA, Jan 30- Brazil fell way short of its main fiscal target in 2014, underscoring the daunting uphill battle that President Dilma Rousseff's new economic team faces to shore up public accounts and prevent a credit rating downgrade. Brazil posted a public sector primary budget deficit of 32.536 billion reais for last year, equal to 0.63 percent of gross...