S&P revised the outlook on Illinois' A-minus credit rating to developing from negative due to the state's passage of the pension reform.» Read More
Sept 30- Funding for hospitals, states and other issuers in the $3.7 trillion U.S. municipal bond market would be jeopardized if Congress does not raise the federal debt limit by the Oct. 17 deadline, Moody's Investors Service said on Monday.
Sept 30- Funding to hospitals, states and other issuers in the $3.7 trillion U.S. municipal bond market would be jeopardized if Congress does not raise the federal debt limit by the Oct. 17 deadline, Moody's Investors Service said on Monday.
PARIS/ NEW YORK, Sept 29- The brochure for Boeing Co's aircraft repair service makes a simple assertion: "No one knows Boeing airplanes better than Boeing." The airline demanded Boeing fix the state-of-the-art jet, saying it needs repairs after less than 30 days in service.
NEW YORK, Sept 24- An impasse over the U.S. government's debt ceiling would be worse for financial markets than a government shutdown, but neither is likely to hurt the U.S. sovereign credit rating, Moody's Investors Service said on Tuesday. Moody's expects the United States will avoid a shutdown and increase the debt limit, the rating agency said in a report.
Positive economic data have boosted investor sentiment towards China recently, but Capital Economics warns that this is unlikely to be sustained.
Since S&P eased its standards last year, its market share has risen to 69 percent from the 18 percent it had in the first years after 2008's crisis.
Tapering has been all the rage since it was first mentioned in May, but as more issues come into focus, this topic of conversation is set to change.
"You have seen the rupee depreciate so you will see companies struggle from a debt servicing perspective," said Ani Deshmukh, director of Asia credit research at Bank of America/Merrill Lynch.
HAMBURG, Sept 17- To the casual observer, the Landesbanken's results for the first half of this year might suggest Germany's publicly-owned regional banks are in good financial health.
HAMBURG, Sept 17- To the casual observer, the Landesbanken's results for the first half of this year might suggest Germany's publicly-owned regional banks are in rude financial health.
HAMBURG, Sept 17- Many Germans feel that whoever wins Sunday's election, they should not fund any more bailouts of fellow European countries, whose errant banks are a particular bugbear for Berlin.
*Germany wants to limit scope of agency to close, salvage banks. *Berlin wants agency to work only with biggest banks. Euro zone officials told Reuters that Berlin is working on the plan that would allow completion of the project without changing the European Union treaty, something that would almost certainly be long and complex.
Dubai property prices have rebounded this year and the emirate's main stock index is up 64 percent year-to-date. This has prompted at least several companies to consider listings; in addition, the Dubai government said this year it would make a big effort to develop its Islamic finance sctor.
Sept 12- Investors holding defaulted municipal bonds sold by Alabama's Jefferson County and other local governments will recover less than the average 80 cents on the dollar of recent decades, Moody's Investors Service said on Thursday.
WASHINGTON, Sept 10- All U.S. states except for Delaware have escaped the possibility of falling back into recession, as they reap the rewards of strong private-sector employment and a burgeoning energy sector, according to an analysis released on Tuesday.
SAO PAULO, Sept 10- Brazil's finances are set to deteriorate substantially next year, leaving the government with few options to revive a sputtering economy and raising the threat of a credit downgrade.
The U.S. Census reported college enrollment declined for the first time in six years in 2012. That threatens higher education revenue, said Moody's.
Census reported college enrollment declined for the first time in six years in the fall of 2012. That, in turn, threatens higher education revenue, said Moody's Investors Service in a special report on Monday.
LONDON/ TOKYO, Sept 9- Japan's Suntory Beverage& Food Ltd is to buy GlaxoSmithKline Plc's Lucozade and Ribena brands for 1.35 billion pounds to help it expand into new markets. Japan's second-largest drinks maker by sales after the local arm of Coca-Cola Co has plenty of cash after raising $4 billion in a stock market flotation in June.
But while the relief is palpable for PSA Peugeot Citroen, Fiat and Renault- cheered by a share price rally as sales begin to stabilize- a tour of the show stands opening on Tuesday may prove more sobering for the French and Italians.