Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $20,822
23%  
Woo hoo!! And the first 23% is in!! Thank you all very much!!

Keyword: moodys

Brevity: Headers | « Text »
  • China Official: It's Too Late, U.S. Already 'Defaulting'

    06/11/2011 3:40:49 PM PDT · by Tolerance Sucks Rocks · 21 replies
    FOX News ^ | June 10, 2011 | FoxNews.com
    As lawmakers scramble to cut a budget deal and avoid defaulting on U.S. debt, the head of a top Chinese rating agency claims it's too late. Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., reportedly told state media that the United States has already defaulted by letting the U.S. dollar weaken. "In our opinion, the United States has already been defaulting," Guan was quoted as saying, according to AFP. China, likewise, has long come under criticism for allowing its currency to weaken. But while Dagong Global is known for being tough on the U.S., Guan's words carry extra...
  • Moody's sounds alarm over U.S. debt limit and deficits (On the heels of S&P outlook downgrade)

    06/03/2011 7:51:52 AM PDT · by SeekAndFind · 13 replies · 1+ views
    Reuters ^ | 06/03/2011 | By Daniel Bases and Donna Smith
    Ratings agency Moody's warned on Thursday it would consider cutting the United States' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the debt limit. Treasury Secretary Timothy Geithner, seeking to convince Congress to increase his borrowing authority and prevent a government default, went to Capitol Hill to press his case in a 45-minute meeting with first-term lawmakers. "I am confident that two things are going to happen this summer," Geithner told reporters after the meeting. "One is that we are going to avoid a default crisis and we...
  • Moody's Issues Credit Warning to U.S. Amid Political Wrangling Over Debt Limit

    06/02/2011 5:13:05 PM PDT · by Son House · 14 replies · 1+ views
    FOXNEWS.com ^ | FOXNEWS.com
    Moody's Investor's Service said it would place the government's Aaa rating under review for a possible downgrade due to the "very small but rising risk" of a short-lived default if the White House and Republican leaders can't agree on raising the nation's debt ceiling, which has already hit $14.3 trillion. Moody's announcement followed the lead set by S&P, which announced in April that it was downgrading the U.S. credit outlook to negative over the nation's mounting debt. The news was just the latest sign of the massive financial problems facing the nation as the economy's recovery sputters. ... Rep. Dave...
  • Moody's Downgrades Greece To Just A Few Notches Above Default: From B1 To Caa1, Outlook Negative

    06/01/2011 3:39:11 PM PDT · by dynachrome · 10 replies
    Zero Hedge ^ | 6-1-11 | Tyler Durden
    Moody's Investors Service has today downgraded Greece's local and foreign currency bond ratings to Caa1 from B1, and assigned a negative outlook to the ratings. The rating action concludes the review for possible downgrade that the rating agency initiated on 9 May 2011.
  • Moody's Issues Hysterical "Warning" About Downgrading US Credit

    02/24/2011 8:25:38 AM PST · by SeekAndFind · 14 replies
    Business Insider ^ | 02/24/2011 | Joe Weisenthal
    This is actually pretty funny. Moody's is out with a new comment about the debt ceiling fight (via @zerohedge). The ratings agency expects the debt ceiling to be passed, but... they say that if it looks like the US might default, America's pristine credit rating would have to be placed "under review." Seriously!? OBVIOUSLY if a default appeared likely, then the US rating should be under review. In fact, it should be downgraded. And in fact, it should be downgraded a lot, since a default is basically the worst thing possible for bond investors. And in fact, Moody's should probably...
  • US bonds may be downgraded

    01/14/2011 2:56:28 AM PST · by Scanian · 7 replies
    The American Thinker Blog ^ | January 14, 2011 | Rick Moran
    Moody's is warning that unless we change our ways, our bonds will be downgraded. This doesn't mean it will happen or happen anytime soon. We're not going to slide to junk bond status tomorrow, although if Obama can't be stopped, who knows where our rating will end up. But if you listen to these guys, they don't sound real confident we'll be able to change. The Wall Street Journal: "Moody's Investors Service said in a report on Thursday that the U.S. will need to reverse the expansion of its debt if it hopes to keep its 'Aaa' rating. 'We have...
  • S&P, Moody's Warn On U.S. Credit Rating

    01/13/2011 6:17:57 AM PST · by Zakeet · 21 replies
    Wall Street Journal ^ | January 13, 2011 | Mark Brown and Nathalie Boschat
    Two leading credit rating agencies on Thursday cautioned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that they say needs correction. Moody's Investors Service said in a report Thursday that the U.S. will need to reverse an upward trajectory in the debt ratios to support its triple-A rating. "We have become increasingly clear about the fact that if there are not offsetting measures to reverse the deterioration in negative fundamentals in the U.S., the likelihood of a negative outlook over the next two years will increase," said Sarah Carlson, senior analyst at Moody's. Standard &...
  • In The News Today

    12/19/2010 11:11:06 AM PST · by Razzz42 · 5 replies
    Jim Sinclair's Mineset ^ | December 19, 2010 | Jim Sinclair
    Jim Sinclair’s Commentary Moody’s had taken comfort in their role of the short of the euro play. They took protection in Federal court from suits over the accuracy of ratings based on free speech. Legally that is looking shaky but they still have Federal Court to take comfort in. The second they downgrade US credit, they have signed their litigation death warrant. They know this and might be playing a game of chicken.
  • Too Much Attention To Moody's Swing

    12/15/2010 5:41:50 PM PST · by Kaslin
    IBD Editorials ^ | December 15, 2010 | Staff
    Tax Deal: The media are touting a rating agency's schizophrenic claim that keeping the Bush tax rates helps the economy, but hurts the country's credit standing. Are ratings firms even relevant anymore? Manhattan Institute senior fellow Nicole Gelinas, in her richly detailed analysis of the roots of the financial crisis, "After the Fall: Saving Capitalism from Wall Street — and Washington," pulls back the curtain and exposes the ugly reality of the once all-powerful credit ratings agencies Moody's, Fitch and Standard & Poor's. "Reliance on ratings agencies contravenes market principles," Gelinas warns. "The ratings-agency world is small and homogeneous, populated...
  • Moody's says Spain banking outlook "negative"

    12/14/2010 6:50:38 AM PST · by TigerLikesRooster · 18 replies
    Yahoo!Finance ^ | 12/13/10
    Moody's says Spain banking outlook "negative" Katell Abiven, 12:30, Monday 13 December 2010 Credit rating agency Moody's issued a negative outlook on Spain's banks on Monday and warned that total economic losses could reach 176 billion euros. New York (Xetra: A0DKRK - news) -based Moody's Investors Service said it was maintaining a negative view for the next 12-18 months because it expected Spanish banks' capital, profits and access to finance to remain weak. The verdict comes as Spain battles to convince nervous markets that its finances are solid and there is no reason to fear it will need an Irish-style...
  • Moody's Worried US Tax Cuts Could Become Permanent(pay more taxes or get screwed?)

    12/07/2010 9:25:07 PM PST · by TigerLikesRooster · 39 replies
    Money News ^ | 12/07/10
    Moody's Worried US Tax Cuts Could Become Permanent Tuesday, 07 Dec 2010 01:37 PM Moody's Investors Service is worried the extension of U.S. tax cuts agreed by President Barack Obama and Republican leaders could become permanent, hurting U.S. finances and its credit ratings in the long run. Steven Hess, Moody's lead sovereign analyst for the United States, said on Tuesday doesn't foresee any change in the U.S. AAA ratings in the next 18 months to two years. He is, however, concerned about "what's going to happen in two years," when the extensions are set to expire again. "The timing two...
  • Moody's Says Extension of Tax Cuts Won't Lead to U.S Downgrade

    11/17/2010 11:13:41 AM PST · by facedodge · 3 replies
    BusinessWeek ^ | 11/15/2010 | Cordell Eddings
    Moody's Investors Service Inc. said a permanent extension of the tax cuts first enacted under former President George W. Bush won't lead to a downgrade of the nation's credit rating....frpa
  • Dear Uncle (Sam) Sucker (the facts on Warren Buffett's Op-Ed in NYT)

    11/17/2010 9:22:38 AM PST · by Fred · 10 replies
    Big Picture Blog ^ | 111710 | Barry Ritholtz
    For many years, I’ve been a fan of Warren Buffett’s long term approach to value investing. Understanding the value of a company, regardless of its momentary stock price, is a great long term investing strategy. But it pains me whenever I read commentary from Buffett that glosses over reality or is somehow self-serving. His OpEd in the NYT today – Pretty Good for Government Work – paints an artificially rosy picture of the Bailout, ignores the negatives, and omits his own financial interest in government actions. What might he have written if Sir Warren was dosed with some sodium pentothal...
  • Moody's: Next California budget deficit likely to be $12 billion -- or more

    10/19/2010 6:56:24 PM PDT · by NormsRevenge · 12 replies
    LA Times ^ | 10/19/10 | Shane Goldmacher
    Moody's, one of the nation's big credit-rating agencies, issued a report Tuesday that said California's next budget deficit is expected to be "at least $12 billion" after state lawmakers and Gov. Arnold Schwarzenegger approved a spedning plan that "relies heavily on one-time measures, optimistic revenue assumptions and the receipt of funds, some of which may not materialize."
  • Moody's says US needs debt plan to keep rating-DJ

    07/29/2010 9:45:09 AM PDT · by Cheap_Hessian · 5 replies · 1+ views
    Reuters ^ | July 29, 2010 | Vivianne Rodrigues
    The U.S. government needs to elaborate a credible plan to address its soaring debt in order to maintain its Aaa credit rating, Moody's Investors Service's told Dow Jones newswire.
  • Did The Credit Agencies Just Go Extinct? (Dodd-Frank in Action)

    07/21/2010 9:45:54 AM PDT · by mojito · 27 replies · 1+ views
    ZeroHedge ^ | 7/21/2010 | Tyler Durden
    The recently passed Donk (Dodd-Frank) Finreg abomination, which nobody has yet read is finally starting to disclose some of the interesting side effects of its harried passage. Such as that the rating agencies may have suddenly become extinct. As the WSJ's Anusha Shrivastava discloses: "The nation's three dominant credit-ratings providers have made an urgent new request of their clients: Please don't use our credit ratings." The Moodies of the world suddenly have good reason to not want their name appearing next to those three A letters (at least in Goldman CDO and bankrupt sovereign cases) out there: "The new law...
  • Moody's cuts Greece government ratings to junk

    06/14/2010 10:45:38 AM PDT · by Kartographer · 37 replies · 1,761+ views
    Reuters ^ | 6/14/10 | Ciara Linnane
    Moody's Investors Service on Monday downgraded Greece government bond ratings into junk territory, citing the risks in the euro zone/IMF rescue package for the debt-laden country. The agency downgraded the rating by four notches to Ba1, placing it one notch into junk status. The outlook is stable. Moody's also downgraded Greece's short-term issuer rating to not-prime from Prime-1.
  • Outlook remains stable on U.S. AAA rating: Moody's

    05/25/2010 8:28:58 PM PDT · by mlocher · 6 replies · 300+ views
    Reuters via Fidelity.com ^ | May 25, 2010 | Reuters
    NEW YORK (Reuters) - The outlook on the United States' coveted AAA credit rating remains stable, though the government's financial strength is weakening due to its support for the financial system, Moody's Investors Service said on Tuesday. Structural fundamentals, political stability and favorable economic prospects are supporting the stable outlook, despite rising debt ratios, Moody's said. The United States' finances have been substantially worsened by the credit crisis, recession, and government spending to address these shocks, Moody's said. "The ratios of general government debt to gross domestic product and to revenue are deteriorating sharply, and after the crisis they are...
  • Hey, Moody's, Why Didn't You Tell Us About The SEC "Wells Notice" In March?

    05/10/2010 9:07:23 AM PDT · by george76 · 5 replies · 542+ views
    Business Insider ^ | May. 10, 2010 | Henry Blodget
    Moody's stock (MCO) is getting slammed this morning on the shocking news that the SEC has hit it with a "Wells Notice" that could lead to the SEC's preventing the company from acting as a rating agency. How did the market learn about the Wells Notice? Because Moody's was apparently forced to disclose it in its latest SEC filing. (The company tried to hide the news deep in the 10Q, even burying it within a broader paragraph, but investors found it). So here's our question: If the Wells Notice is material enough for Moody's to have to disclose it in...
  • The race to kill the ratings agencies (legal noose tightening against S&P and Moody's)

    04/30/2010 7:37:47 AM PDT · by SeekAndFind · 9 replies · 374+ views
    Fortune ^ | 04/30/2010 | Ken Stier
    The legal noose is tightening around credit ratings agencies, for practices past and future. Just this week a federal court decision allowed a fraud case against Moody's and Standard & Poor's to move into discovery, dismissing the defendants' claim that their ratings are essentially editorial opinion and hence protected by the First Amendment. This particular case -- in which plaintiffs charge the deal involved the "shortest-lived Triple A investment fund in the history of corporate finance" -- is just one of roughly a dozen investor lawsuits, making its way through the courts. There are others: California, for example, is asking...