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Moody's Corp

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  • 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...

  • JAKARTA, Jan 7- The announcement came without fanfare, in line with Indonesian President Joko Widodo's style, but his decision to let petrol prices float freely is the most significant move to stabilise Southeast Asia's largest economy in years and shows his resolve to promote reform. "It took some guts," said economist Wellian Wiranto at OCBC in Singapore.

  • China developer Kaisa fails to repay $51M loan Thursday, 1 Jan 2015 | 11:30 PM ET
    At a property trade fair in Beijing, China

    Property developer Kaisa had failed to repay a HK$400 million loan and may default on more debt, amid a downturn in the real estate sector.

  • S&P deal on mortgage bond ratings near: Report Friday, 26 Dec 2014 | 6:52 AM ET

    Standard & Poor's Ratings Services is nearing a settlement with regulators over how the company graded real-estate bonds.

  • S&P nears settlement on real-estate bond ratings - WSJ Thursday, 25 Dec 2014 | 10:34 PM ET

    Dec 25- Standard& Poor's Ratings Services is nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, the Wall Street Journal reported, citing people familiar with the matter. The proposed deal, which could be reached as early as next month, is a joint settlement with the Securities and Exchange Commission, New...

  • Dec 22- A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the city's historic bankruptcy, a state spokesman said. The state funds are part of the so-called grand bargain, which includes $366 million from philanthropic foundations and $100 million...

  • Dec 22- Carlyle Group LP and Warburg Pincus LLC said they would buy DBRS Ltd, the world's fourth-largest credit rating agency, in partnership with a consortium of Canadian investors including the firm's founder. DBRS has a 2 percent share of the ratings market dominated by McGraw Hill Financial Inc- owned Standard& Poor's Financial Services LLC, Moody's Corp and...

  • "The negative pressures facing most providers are widespread," said Martin Arrick, services analyst with Standard& Poor's Ratings. Moody's Investors Service anticipated another 12 to 18 months of weak performance, with large hospital systems faring better from economies of scale and the ability to drive revenue growth through expanded services.

  • Dec 12- Hearst Corp said it will raise its stake in global credit rating agency Fitch Group to 80 percent from 50 percent in a deal valued at about $2 billion as the media giant diversifies away from its newspaper foundations. Paris- based Fimalac, which is selling the stake to Hearst, will retain a 20 percent interest in Fitch, the third-biggest rating agency behind...

  • *Abe has shifted debate from fiscal tightening to stimulus. TOKYO, Dec 12- Prime Minister Shinzo Abe is signalling that retooling Japan's economy with painful structural reforms must take a back seat to reviving growth, even though he is poised to win a big referendum on his economic policies in an election on Sunday. Maintaining government spending and massive...

  • Did RBA’s Stevens break the central banker code? Thursday, 11 Dec 2014 | 9:08 PM ET

    The Australian central bank's top dog may have broken central bankers' seemingly unshakable code of avoiding comments on where interest rates are headed.

  • *Bahrain, Oman by far the most vulnerable. That trend is now reversing as Brent crude, at $65 a barrel against $115 in June, drops below levels which most GCC members need to balance their state budgets. The spread between Bahrain's dollar sovereign bond due March 2020 and Qatar's January 2020 sovereign climbed to 148 basis points this week from 95 bps in June.

  • *Fitch expects to downgrade Japan early next year. TOKYO, Dec 11- Fitch Ratings said it expects to downgrade Japan's credit rating sometime early next year after the government delayed a sales tax hike, which would follow a similar downgrade by Moody's as concerns grow about the country's unprecedented debt pile. Fitch wants to see what type of budget Japan...

  • Why a stronger dollar may not bite EM bonds Wednesday, 10 Dec 2014 | 5:50 PM ET

    Emerging markets may be buffeted by a stronger U.S. dollar and lower commodity prices, but the segment's bonds still look like a good bet, analysts said.

  • Petrobras funding options run slim as scandal deepens Wednesday, 10 Dec 2014 | 9:55 AM ET

    SAO PAULO, Dec 10- Brazil's state-controlled oil firm Petrobras may have to hike fuel prices, cut spending or seek a capital injection from the government next year as a widening corruption probe threatens to temporarily leave it out of capital markets. If auditors fail to approve its annual results by April, that could trigger early repayment of as much as $11...

  • NEW YORK, Dec 9- Venezuelan sovereign bond prices plunged and the cost to insure the debt against a default surged on Tuesday in thin seasonal trading as five-year low oil prices cut the OPEC nation's cash flow, compounding already weak economic conditions. Analysts point out that Venezuela, despite all its debt, is not a heavily indebted nation.

  • Japan's benefit cuts an unspoken election theme Wednesday, 10 Dec 2014 | 1:04 AM ET
    Japanese Prime Minister Shinzo Abe

    Shinzo Abe has noticeably avoided the election theme of cutting Japan's generous social welfare program that supports millions of people.

  • *Japan on track to miss budget-balancing goal. TOKYO, Dec 10- Hiroko Shinohara frets about one issue Prime Minister Shinzo Abe has noticeably avoided on the campaign trail ahead of Sunday's election: the need to cut Japan's generous social welfare programme that supports millions of people. Abe called the election as a referendum on his economic policies,...

  • WASHINGTON, Dec 9- U.S. states' revenues are growing at a faster clip than last year, mostly due to the brightening national economic picture, and are stabilizing the governments' budgets, according to a nationwide survey released on Tuesday. "Economic growth and declines in the unemployment rate have led to an improved outlook for state revenues in fiscal 2015,...

  • Asia's slow financial reforms put taxpayers at risk Monday, 8 Dec 2014 | 7:32 PM ET
    An investor watches the electronic board at a stock exchange hall in Huaibei, China.

    Asia's financial regulators are slow to implement measures to protect taxpayers from big bank failures, leaving governments on the hook for bail-outs.