GO
Loading...

Moody's Corp

More

  • BRASILIA, Feb 25- Brazil has no plans to pump new capital into Petrobras, even after a debt-rating downgrade by Moody's Investors Service threatens to limit the cash-strapped oil company's access to finance and raise its borrowing costs, two government officials told Reuters on Wednesday. Late on Tuesday, Moody's Investors Service cut the rating on foreign...

  • SAO PAULO/ NEW YORK, Feb 25- Petróleo Brasileiro SA has hired JPMorgan Chase& Co to handle $3 billion in planned asset sales this year, as fallout from a corruption scandal has shut access to financing for Brazil's state-controlled oil producer, two sources with direct knowledge of the situation said on Wednesday. JPMorgan will be tasked with luring the largest...

  • SAO PAULO, Feb 25- Petróleo Brasileiro SA's decision to cut capital spending plans by $16 billion this year could hamper Brazilian banks with loan exposure to the oil and gas industry, especially state-controlled Banco do Brasil SA, analysts at Goldman Sachs Group Inc said on Wednesday. Guidance provided by Brazil's top banks that was unveiled prior to the...

  • RIO DE JANEIRO, Feb 24- Ratings agency Moody's Investors Service stripped Brazil's state-run oil company Petrobras of its investment grade rating on Tuesday and kept the firm on review for further downgrade, citing concerns over an ongoing corruption scandal and liquidity pressures. Moody's said in a statement it was downgrading Petroleo Brasileiro SA, as...

  • CHICAGO, Feb 24- Some of the cost-saving measures Illinois' Republican governor put into his fiscal 2016 proposed budget will face a tough time getting passed by a Democratic-controlled legislature, Moody's Investors Service said on Tuesday. Governor Bruce Rauner last week proposed a $6.6 billion reduction in spending, mostly by moving workers to...

  • 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...

  • This firm's shares get hit after Enron comparison Tuesday, 17 Feb 2015 | 6:16 AM ET

    Noble's shares dropped for a second day despite analysts' skeptical view of an anonymous, critical research report comparing the company to Enron.

  • 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.

  • Stocks close down, but post strong weekly gains Friday, 6 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed down, ending the week higher, amid concerns over Greece and a jobs report that renewed the possibility of an earlier rate hike.

  • 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...