In a rebuff to London's hopes that sharp spending cuts would both gradually eliminate the deficit and give growth a boost, Moody's rating agency cut Britain's grade by one notch to Aa1.
- Mon
- Mar 4, 2013
- Updated: 6:54pm
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Shares in credit rating agency Moody's slid 6 per cent yesterday as the prospect of a federal fraud lawsuit over its pre-crisis debt ratings overshadowed a 66 per cent rise in quarterly earnings...
Moody's Investors Service expects downward rating pressure to ease in 2013 as the Asian region, excluding Japan, significantly outperforms the weak global economy.
Rising competition and a squeeze on net interest margins will dampen profit prospects for mainland banks over the next 12 to 18 months, according to global credit rating agency Moody's.
France’s government has shrugged off the latest downgrade of its credit rating, saying Tuesday that it just needs time for reforms to the sluggish economy to take root.
Credit rater Moody’s assigned the European Stability Mechanism, Europe’s new emergency fund, a triple-A rating, but labeled it with a negative outlook.
Why Nostradamus wasn't born in modern Hong Kong
Moody's Investors Service yesterday downgraded the rating of Hong Kong-listed mainland farming firm Chaoda Modern Agriculture (Holdings) to Ba3 from Ba2.
The downgrade follows...
Ratings agencies have uncanny knack for getting it right
What is it with the ratings agencies that without a hint of shame they belatedly show up weeks after an event and with...
Moody's issued a report last Monday flagging corporate governance concerns of 61 mainland firms. Longfor Properties (960) received seven flags, or seven areas of concern.
The word most uttered over business lunches in Central this week must have been 'Moody's'. The rating agency's 'red flag' report on mainland companies stirred up as much controversy about its own...
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