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Kingdom of Bahrain ‘A/A-1′ sovereign ratings affirmed
5 hours ago ago from Opalesque Islamic Finance Briefing
From Cpifinancial.net: Standard & Poor’s are affirming the A' long-term and short-term sovereign credit ratings on the Kingdom of Bahrain. Standard & Poor's Ratings Services said it had affirmed its A' long-term and short-term sovereign credit ratings on the Kingdom of Bahrain ..Full Article: Source
Related contentDid Greece’s Bonds Blowout? Or Not?
2 hours ago ago from Deep Thoughts by Professor Pinch
There seems some confusion as to what's going on with Greece's debt. First, there's the view of the market (from the good folks at FT Alphaville : And then there was this out of Reuters : ATHENS, Dec 22 (Reuters) Moody's Investors Service cut Greece's debt rating on Tuesday but partially reassured financial markets by saying the country remained far from a crisis, igniting a rally in Greek bonds and bank stocks. How can ...
Related contentMoody's Cuts Greece Ratings
23 hours ago ago from DealBook
I.P.O./Offerings Moody’s Cuts Greece Ratings December 23, 2009, 1:20 am Moody’s kept Greece on a negative outlook. Its rating is still two notches above that of Fitch and S&P, which earlier this month cut their rating on the indebted country to BBB+, the euro area’s lowest level, Reuters reported. The one-notch downgrade was less than many investors had expected. The spread between 10-year Greek and German benchmark bunds tightened ...
Related contentArizona Credit Rating Cut to A1 by Moody’s on Budget (Correct)
5 hours ago ago from All About Work & Financial
Arizona, one of the states hardest hit by home mortgage foreclosures, had its credit rating lowered by Moody’s Investors Service on $1.8 billion of debt because of a budget shortfall from plunging income tax collections. Moody’s said it lowered the state’s issuer rating one grade to A1, the fifth-highest, from Aa3 and cut appropriations-backed debt to A2, five steps above high-risk, high-yield junk status, from A1. The downgrade comes as ...
Related contentTime to outlaw the credit rating agencies
23 hours ago ago from billy blog
Many readers have E-mailed me asking me to explain yields on bonds and sovereign credit ratings. There has been press coverage in recent days that following the downgrading of Greece , sovereign debt in the UK, France, and Spain will be downgraded unless severe fiscal consolidation is begun. All these places are suffering very depressed domestic conditions with high unemployment, falling per capita incomes and civil unrest looming. The last ...
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S&P may cut Crown Castle unsecured debt rating
7 hours ago ago from U.S. News
S&P may cut Crown Castle unsecured debt rating NEW YORK (AP) -- Standard & Poor's Ratings Services said Wednesday it expects to lower its rating on Crown Castle International Corp.'s unsecured debt in January, when the cell phone tower operator's available revolving credit will increase to $400 million from $188 million. Crown Castle announced the changes to its revolving credit facility earlier in the day. S&P put its "B+" issue rating ...
Related contentBerkshire Hathaway Cuts Stake in Moody’s
23 hours ago ago from The New York Times
Berkshire Hathaway , led by Warren E. Buffett , cut its stake in the Moody's Corporation for the sixth time since July, after the ratings company suffered profit declines, lawsuits and criticism from regulators. Berkshire sold 87,992 shares on Dec. 18 for $26.77 apiece and remains Moody's biggest shareholder, according to a regulatory filing Tuesday. Berkshire's stake is down about 34 percent from the 48 million shares it ...
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