Hints and tips:
...the ’70s-’80s became entrenched was central banks didn’t understand the role of inflation expectations and the cost of living adjustments in many labour contracts,” said Mark Zandi, chief economist at Moody...
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
...ArtFi 2024-1’s prospectus has further detail on the collateral backing the deal, which it notes can include “fine art, collectibles, design furniture, coins, books, jewelry, watches, wine or other spirits...
...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....
...Moody’s cut the company’s credit rating over the weekend to junk status, days after the lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal controls that...
...Well, since then, the chief executive has been replaced, a board member resigned, a new chief risk officer and audit chief have been hired, Moody’s has downgraded the bank’s debt to junk, and the bank has...
...Both Tesco and Sainsbury’s gained market share from Asda and Morrisons in the period, according to Moody’s....
...Moody’s also warned that the Redstone vehicle had an “untenable debt capital structure”. Its next payment of $37mn is due in March....
...Prospective wildfire payouts prompted S&P Global and Moody’s to downgrade PacifiCorp’s debt ratings last year....
...Mark Zandi of Moody’s Analytics urges against that interpretation....
...Fitch, Standard and Poor’s and Moody’s are the world’s three most prominent agencies engaged in rating wholesale debt. Moody’s still rates the US as AAA....
...As Stefan Angrick of Moody’s Analytics argued in Alphaville recently, even the end of YCC probably won’t radically change 10-year yields, both because it would be replaced by regular quantitative easing...
...This article has been amended to correct Moody’s UK rating...
...So now that Moody’s is the only one that still gives the US sovereign a triple-A grade could theoretically mean that some triple-A-only investors might have to ditch Treasuries?...
..., Moody’s expects [Citadel Securities’] profitability to remain robust due to its healthy market share across various asset classes and regions.”...
...The U-turn puts S&P at odds with debt rating rival Moody’s, which still rates ESG criteria on a one to five scale. S&P is influential, with debt ratings that can affect a company’s borrowing cost....
...It’s theoretical, not a pile of money there to be resourced,” as Christina Padgett, head of leveraged finance research at Moody’s, puts it....
...“USDC’s temporary depeg event, caused by Silicon Valley Bank’s insolvency, led to a loss of credibility for investors,” said Rajeev Bamra, head of DeFi and digital assets strategy at Moody’s....
...At the time, it accused Moody’s of having “biased and mistaken views”. Fitch does not have a rating on the conglomerate....
...Moody’s still maintains a triple A rating on the US, while S&P slashed its own rating to double A plus in 2011 after an earlier debt ceiling showdown....
...Vacancy rates are up in 25 cities surveyed by Moody’s. In Manhattan, more than 15 per cent of office space was unoccupied at the end of 2022, compared with just 7.5 per cent at the end of 2019....
...“It’s an existential issue for them,” says Begley, of Moody’s....
...A version of this article was first published by Nikkei Asia on September 18. ©2023 Nikkei Inc. All rights reserved....
...A better deal for writers would cost media companies between $250mn and $350mn per year, according to Moody’s analyst Neil Begley, who warned that some weaker media companies “could see their credit suffer...
...Whereas credit-rating agencies such as S&P and Moody’s agree usually (not always) on the letter category, the panoply of ESG arbiters often come out with wildly and widely divergent ratings....
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