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...Export credit agencies of G20 countries provided seven times more support for fossil fuel projects than for renewable energy sources between 2019 and 2021, the campaign group said....
...The global banking regulator has held high-level meetings with bank executives, investors and credit rating agencies in recent weeks to assess the suitability of a form of debt that was controversially wiped...
...The credit rating agency confirmed it has selected a new space near St Paul’s Cathedral, subject to completing the deal for the new premises....
...The case was “in respect of his conduct as a director of Greensill Capital (UK) Limited and Greensill Limited”, the agency said. Full details of the claim were not immediately available....
...Share moves to note on the New York Stock Exchange include DNA testing company 23andMe, homebuilder DR Horton and credit reporting agency Equifax: 23andMe: Shares surged 23 per cent in early trading on...
...The Financial Conduct Authority has fined credit reporting agency Equifax just over £11mn for failing to protect the data of nearly 14mn UK customers caught up in one of the largest ever cyber security breaches...
...finance outlook as the country contends with more uncertain economic prospects amid a transition away from property-reliant growth to what the government views as a more sustainable growth model,” the agency...
...This would mean getting the issue in front of regulators with a proposal to amend the credit rating agencies regulations to make the comprehensive consideration of covenant quality mandatory....
...Singles will have to pass an Equifax credit check to sign up for Score, and only those scoring above 675 will be accepted (in the US, the highest score is 850, whereas in the UK it’s typically 999)....
...Rating agency Moody’s Investors Service cut its outlook on China’s sovereign credit rating to negative on Tuesday, citing growing risks of persistently lower midterm economic growth and the overhang from...
...Rating agency S&P Global has downgraded its credit rating for Israel, citing escalating geopolitical tensions in the Middle East as a result of the country’s war against Hamas in Gaza....
...The decision applies to the largest issuers in the sector, which represent over 1mn open accounts and more than 95 per cent of total outstanding credit card balances, according to the agency....
...German credit rating agency Scope has been fined more than €2mn by European regulators for conflict of interest breaches connected to ratings it provided to Greensill Capital, the collapsed finance group...
...The rating agency highlighted a rising government deficit in the US, estimating that it reached 8.8 per cent of gross domestic product in 2023, up from 3.7 per cent in the prior year....
...In “African criticism of credit ratings is a red herring” (Opinion, January 19) Moritz Kraemer claims there is “no negative bias towards [African] countries” by credit rating agencies, reinforcing the notion...
...The agency did not comment on the cases of the businesses that spoke to the FT. The Department for Science, Innovation and Technology was contacted for comment....
...I report how the IMF identified climate as a key concern for low-income countries — and how credit rating agencies are already incorporating climate risks into their analysis for these sovereigns....
...Shares in New York Community Bancorp wobbled after Morningstar DBRS followed rating agency Moody’s in downgrading the lender over concerns about its exposure to the struggling commercial real estate market...
...Ørsted, the world’s largest offshore wind developer, has been threatened with a downgrade by credit-rating agency S&P after taking huge writedowns on US projects it abandoned this week.S&P Global Ratings...
...However, the data shows that much of African criticism of credit rating agencies is a red herring. The agencies are convenient scapegoats....
...Martin Gruenberg spoke to the Financial Times as his agency issued a paper detailing how it would handle the collapse of a global systemically important bank (G-SIB) such as Credit Suisse....
...Extreme weather risked causing “reduced tax revenues, increased government expenditure, lower credit ratings and increased cost of borrowing”, it added....
...The international agency acquired Kassan’s strategic advisory firm MediaLink in 2021 for $125mn from UK-based Ascential, and made Kassan a partner....
...Greece’s long-term debt is now classified as investment grade by two of the three main credit rating agencies, with Fitch becoming the latest to announce an upgrade....
...“Pemex will require ongoing government support for the foreseeable future,” said Andrew De Luca, emerging markets credit analyst at Pemex bondholder T Rowe Price....
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