Clik here to view.
Credit agencies still have questions to answer
When Katie Benner and I were reporting an article this summer on the role of the big credit rating agencies in the mortgage-finance crisis I had a weird education on how these firms work. To boil it...
View ArticleClik here to view.
Credit Crisis 101: Blame the credit-rating agencies
As the great credit crisis of 2007-2008 finally begins to lose steam, most people still don’t understand what the heck happened. For good reason. It’s confusing stuff. The terminology is complicated....
View ArticleClik here to view.
Report accuses Moody’s of ratings bias
The recent downgrade of U.S. debt by Standard & Poor’s reignited the debate over whether ratings agencies can be trusted to fairly assess different types of debt. A new study could add fuel to the...
View ArticleClik here to view.
Amazon’s new debt plans raise a red flag at Moody’s
Amazon.com’s plans to raise some new debt led Moody’s Investors Service to lower its outlook on the e-commerce giant, citing a lack of visibility surrounding the use of those proceeds and the timing of...
View ArticleClik here to view.
The Justice Department is probing Moody’s over mortgage ratings
The U.S. Department of Justice is investigating Moody’s Investors Services for issuing favorable grades on mortgage deals in the lead-up to the financial crisis, the Wall Street Journal reported on...
View ArticleClik here to view.
China’s Rising Debt Gets Moody’s Attention
China’s economy is meeting its 7% economic growth target thanks to rising debt, credit rating agency Moody's said Wednesday as it joined the chorus of skeptics about the world’s second-largest economy....
View ArticleClik here to view.
Moody’s pays $130 million to Settle Financial Crisis Case
California’s public pension system, Calpers, said it has reached a $130 million settlement with Moody’s and Moody’s Investors’ Service to resolve a case involving inflated grades of residential...
View ArticleClik here to view.
Here’s Why Moody’s Just Downgraded Valeant
Valeant’s debt problems are getting bigger. On Friday, Moody’s lowered its rating on $32 billion worth of Valeant Pharmaceuticals vrx debt, outlining in a report the grim challenges facing the...
View ArticleClik here to view.
American Companies Are Having a Harder Time Raising Cash
U.S. companies’ ability to raise cash deteriorated further in March, signaling the risk for more defaults among junk bonds, as liquidity downgrades in the energy industry reached a record high, Moody’s...
View ArticleClik here to view.
Goldman Sachs’ House of Junk
Editor’s Note: On April 11, Goldman Sachs agreed to a $5.1 billion fine with the Department of Justice for deceiving investors in mortgage bonds. In late 2007, Fortune published, “House of Junk” one of...
View ArticleClik here to view.
Moody’s: Britain at Risk of Credit Downgrade
Ratings agency Moody’s said Britain’s creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its...
View ArticleClik here to view.
Moody’s Cuts Turkey’s Credit Rating to ‘Junk’
Credit ratings agency Moody’s Investor Service has downgraded Turkey’s sovereign credit rating to non-investment grade citing worries about the rule of law following an attempted coup, risks from...
View ArticleClik here to view.
Moody’s Pays $864 Million to U.S., States Over Pre-Crisis Ratings
Moody’s Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S....
View Article
