Moody's Investors Service Inc.
Moody's Investors Service has downgraded five tranches of notes from Access Group Inc. Federal Student Loan Asset-Backed Notes, backed by student loans originated under the Federal Family Education Loan Program (FFELP) that are guaranteed by the US government for a minimum of 97% of defaulted principal and accrued
Moody's Investors Service Inc.
Moody's Investors Service has reaffirmed Bank of Ningbo's Baa2/P-2 long-term/short-term local and foreign currency deposit ratings, as well as its ba1 Baseline Credit Assessment (BCA) and Adjusted BCA, following a review of the bank's creditworthiness. The stable outlook on the bank'
Credit ratings
Choice Properties Real Estate Investment Trust reported strong financial results for the second quarter of 2024, with a net income of $513.2 million and an increase in same-asset net operating income (NOI) of $10.2 million. The Trust also completed $788.2 million of debt financing in the quarter
Information technology services industry
The South Florida Water Management District's decision to slash property taxes in compliance with a new state law has led to a credit rating downgrade from AAA to AA+, according to Standard & Poor's. The law, Senate Bill 2142, caps the revenue that the state'
Information technology services industry
As the world's largest holder of American debt, China finds itself in a precarious situation due to the US's struggling economy and the subsequent downgrade of its credit rating by Standard & Poor's. Economists in Beijing are divided on how to manage China'
Credit ratings
The Federal Reserve announced its decision to keep near-zero interest rates in place for another year, citing slowed economic recovery and heightened "downside" risks in the market. The move comes after a U.S. credit rating downgrade and significant losses on global financial markets. Despite the Fed'
Credit ratings
Concerns over the US credit rating downgrade and eurozone debt contagion sent stock markets around the world into a tailspin, with the Dow Jones Industrial Average plummeting 4.5 percent and the S&P 500 losing 5.7 percent. Despite President Obama's reassurances, the global economic uncertainty
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Renowned Republican presidential candidate Ron Paul has sounded the alarm on the US credit rating downgrade, urging Washington to take immediate action to restore America's fiscal health. The downgrade, a historic first, has reignited concerns about the nation's crippling debt and deficit problems. Paul blames partisan
Financial markets
Standard & Poor's downgraded the US Government's AAA credit rating to AA-plus with a negative outlook, a decision that could undermine America's economic recovery and send ripples throughout global financial markets. The move follows a day of rumors about the decision and reports that
Financial markets
Hennepin County Board Chairman Mike Opat is pushing back against Moody's Investors Service after the national bond rating agency threatened to downgrade the county's top-rated bonds without providing proper notice. The county's ranking is currently AAA, one of the highest ratings possible. Opat expressed
Information technology services industry
Nokia Corp., a struggling smartphone manufacturer, witnessed a significant decline in its credit rating due to its decreased sales of hand-held devices. The company's long-term debt rating was downgraded to BBB from BBB+ by Standard & Poor's, while its short-term rating was affirmed at A-2. This
Information technology services industry
The US credit rating is in peril after Standard & Poor's cut its outlook to "negative" and warned of a potential downgrade from its coveted triple-A rating if lawmakers fail to agree on a plan to address America's national debt. The move sent shockwaves
