Moody's Investors Service

Moody's downgrades debt of 4 big US banks

Moody's says it is increasingly confident the US government will not bail out the banks if they fail. Photo: Reuters

Moody’s Investors Service cut the debt ratings for four big US bank holding companies, including Goldman Sachs and JPMorgan Chase, citing its increasing confidence that the US government will not bail out the companies if they fail.

Friday, 15 November, 2013, 12:44pm

Chinese buyer seen as negative for Wing Hang

Wing Hang Bank is currently in takeover talks. Photo: Dickson Lee

Wing Hang Bank, Hong Kong’s second-largest family-owned lender, which is in takeover talks, would likely have its credit rating downgraded if the acquirer was based on the mainland, Moody’s Investors Service said.

31 Oct 2013 - 2:55am

Moody’s eases off threat of US rating cut, affirms Aaa

Ben Bernanke testifies in front of a screen showing tallying the US national debt. Photo: AFP

Moody’s Investors Service has raised the US sovereign outlook to stable from negative and affirmed the country’s triple-A rating, citing steady growth despite reduced government spending.

The rating agency’s move eased the threat of a cut to the world’s biggest economy.

19 Jul 2013 - 11:37am

Dagong to create new ratings agency with Russian and US partners

Guan Jianzhong, boss of Dagong Global Credit Rating, has plans to shake up the sector. Photo: KY Cheng

Already under fire for their role in the subprime crisis, Fitch, Moody's and Standard & Poor's (S&P) are now in the sights of Dagong Global Credit Rating, which has formed a joint-venture agency with Russian and US partners.

26 Jun 2013 - 4:08am

Moody’s lowers China outlook after Fitch downgrade

A Chinese migrant worker prepares to spray paint at a construction site in Qingdao, in eastern China. Photo: EPA

Moody's Investors Service lowered China's outlook to stable from positive after Fitch Ratings downgraded one of its sovereign ratings of the country last week.

29 Aug 2013 - 4:13am

Ford board to set Mulally succession plan in motion

Ford Motor's board discussed a succession plan for chief executive Alan Mulally at its monthly meeting, according to a person familiar with the discussions.

The board is preparing to promote Mark Fields to chief operating officer from president of the Americas as part of a plan to have him eventually succeed Mulally, said the person.

8 May 2015 - 4:37pm

Real estate, export sectors risky to banks

The mainland property and export-oriented sectors pose the biggest threat to the country's banks in the second half of this year, according to Moody's Investors Service.

China's non-performing loan ratio could rise 1 to 2 percentage points this year, said Christine Kuo, vice-president of Moody's financial institutions group.

29 Jun 2012 - 12:00am

Moody's lowers Chaoda rating

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 delays in the release of the firm's annual results announcement, which was due last Friday.

8 Oct 2011 - 12:00am

Moody's downgrades mainland property

Moody's Investors Service has downgraded its outlook for the mainland's property sector from 'stable' to 'negative', citing the government's tightening measures to curb inflation.

15 Apr 2011 - 12:00am

Moody's upgrades seven mainland banks

Moody's Investors Service yesterday upgraded the long-term deposit and debt ratings on seven mainland banks from A2 to A1.

27 Jul 2007 - 12:00am

Moody's raises debt ceiling

Financial rating agency Moody's Investors Service yesterday raised the ceiling for foreign currency debt ratings on financial institutions in several Asian economies, including Hong Kong, in the belief their governments would give the private sector access to foreign currency in the event of a debt crisis.

26 May 2006 - 12:00am

Moody's links up with China ratings company

International ratings agency Moody's Investors Service is taking a 49 per cent stake in China Chengxin International Credit Rating to tap the mainland's rising demand for ratings services.

14 Apr 2006 - 12:00am

Moody's bearish about growth

Ratings firm goes against forecasts for increases in residential prices with single-digit outlook despite bullish land sale

In a marked contrast to all the bullish price forecasts for residential property following Tuesday's land auction, credit research firm Moody's Investors Service yesterday predicted modest single-digit growth over the next year.

15 Oct 2004 - 12:00am

Democracy battle scares rating firms

The struggle over democracy is sharpening concerns about the government's ability to reduce the budget deficit, credit rating agencies said yesterday.

6 May 2004 - 12:00am

Moody's considers HK ratings upgrade

Agency cites beneficial mainland links and strengthened financial position

A US-based credit rating agency said yesterday it might upgrade its ratings on Hong Kong, citing the city's improving financial situation and its links to the mainland economy.

23 Sep 2003 - 12:00am