Hints and tips:
...The move by Fitch, which maintained the country’s A plus credit rating, follows a similar outlook downgrade from rival Moody’s Ratings in December....
...China and Russia pledged to maintain “industrial supply chain stability” and work together against “hegemonism”, just days after US Treasury secretary Janet Yellen warned Beijing against supporting Moscow...
...Treasury secretary Janet Yellen has called the sector a “textbook example of a broken market”. Low pay makes it difficult for childcare employers to recruit and retain staff....
...EY’s new boss Janet Truncale has set out her leadership team for the Big Four accounting firm, naming four global managing partners to help run EY when she takes over in July....
...Lim at Moody’s said few were expecting a “bazooka”-style stimulus....
...Janet Yellen, the US Treasury secretary, said she strongly disagreed with Fitch, calling the rating change “arbitrary and based on outdated data”....
...Larry Summers calls it “bizarre and inept”, Jason Furman says it’s “absurd”, Mark Zandi argues it’s “off base”, Mohamed El-Erian calls it “a strange move” while Janet Yellen says it was “arbitrary and based...
...Missing other payments — such as social security and Medicare disbursements or government and military salaries — would not constitute a default, according to Moody’s and S&P....
...Economists from Moody’s warn that 2mn jobs could be lost under such a scenario....
...However, this has had limited impact because Moody’s and Fitch still retain the AAA grade....
...On Tuesday, Moody’s placed all its long-term ratings for First Republic on watch for a downgrade, saying they reflected the bank’s reliance on uninsured deposits and unrealised losses on held-to-maturity...
...Janet Yellen, US Treasury secretary, said the US was “monitoring developments very closely”....
...He’s not getting any, though,” said Mark Zandi, an economist at Moody’s Analytics who has advised Republican and Democratic politicians....
...same time, we should recognise how successful [the stimulus] was in leading to an economy where instead of having a large number of workers, utterly unable to find jobs, exactly the opposite is true,” Janet...
...This is a restless production that wrestles the play away from moody beauty and gives us a splintered, messed-up world seen through Hamlet’s eyes....
...Moody’s has downgraded NSO’s debt as the company’s free cash flow turned negative in 2020 and is expected to remain negative this year....
...“A default would be a catastrophic blow to the nascent economic recovery from the Covid-19 pandemic,” Mark Zandi, chief economist at Moody’s Analytics, wrote in a note on Tuesday....
...Moody’s Mark Zandi expects growth to top 6 per cent this year, and 5 per cent in 2022....
...Mr Biden is still seeking plenty of moderate and more traditional left-of-centre opinions on the economy, from the likes of Janet Yellen, the former Federal Reserve chair, to Gene Sperling, a veteran of...
...The debt of US corporations has risen to pre-crisis levels of $9.4tn, or 46 per cent of domestic output, and former Fed chair Janet Yellen has voiced alarm that lending standards have loosened as memories...
...“If we were still under an ‘incurred loss model’ many companies could likely overlook the current economic issues as long as the creditors are currently paying on time,” said Janet Pegg, an analyst at Zion...
...But as Fed Chair Janet Yellen told the FT's Sam Fleming in October: "If we have a downturn in the economy, there are a lot of firms that will go bankrupt, I think, because of this debt."...
...Just as Cape Cod’s shark sightings trigger official alarms, we have heard everyone from former Fed chair Janet Yellen to Moody's and the Bank of England sound warnings about this market....
...In a new report, Moody's details the protections investors have been forfeiting....
...Credit rating agency Moody’s warned recently that this could hamper recovery rates for investors in the next downturn....
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