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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: Moody's

Moody's stories: 12 news summaries

Ohio Sues Credit Rating Agencies for Role in Crisis

Moody's, S&P, Fitch lied about risk of toxic securities, AG charges

Nov 20, 09 3:29 PM CST
(Newser) - Ohio's attorney general sued the three biggest credit-rating agencies today on behalf of state employee retirement funds that lost $457 million in complex securities that imploded in the financial crisis. Richard Cordray alleges Moody's, Standard & Poor's, and Fitch conspired with issuers of the high-risk investments to give top ratings... More »

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Ohio • Standard and Poor • Moody's • Fitch Ratings

(Newser) - The credit crunch is starting to hit even top-tier universities, the Wall Street Journal reports. Both Moody’s and S&P stripped Dartmouth of its AAA rating this week. It’s the 20th college Moody’s has downgraded this year. “That’s comparable to the rate of downgrades... More »

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Ivy League • college • Standard and Poor • Moody's • endowment • Triple-A credit rating • credit rating

Rating Agency Again Judges USA AAA

Uncle Sam's debt holds steady despite 'negative pressure'

May 27, 09 11:28 AM CDT
(Newser) - Moody’s today reassured investors that the United States government won’t lose its AAA credit rating…yet. Last week Standard & Poor warned that it might soon drop Britain’s debt rating, sparking panic that other governments could follow. A Moody’s VP said the US’ rating is the... More »

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United States • Standard and Poor • Moody's • Triple-A credit rating • credit rating • ratings agencies

(Newser) - Until the day Lehman Brothers declared bankruptcy, all three of the major credit-ratings agencies swore its debt was safe, rating it A or better. They rated AIG at AA. And they gave 75% of the $3.2 trillion of subprime mortgage securities iron-clad AAA ratings. Moody’s, S&P and... More »

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subprime mortgages • Lehman Brothers • AIG • mortgage backed securities • Standard and Poor • Moody's • Triple-A credit rating • credit rating • ratings agencies • Fitch Ratings

 Moody's Downgrades Buffett 


Apr 8, 09 9:31 PM CDT
(Newser) - Warren Buffett's oracle aura took another hit today. Moody's downgraded his Berkshire Hathaway from its top Aaa rating to Aa2, citing "a severe decline in equity markets," the Wall Street Journal reports. The move follows a similar move by Fitch Ratings last month for Berkshire, whose shares are... More »

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Warren Buffett • Berkshire Hathaway • Moody's • bond ratings

Disgraced Credit Raters
See Windfall in Fed Plan

Moody's, S&P could earn big rating Fed bond deals

Mar 20, 09 10:49 AM CDT
(Newser) - Credit-rating companies faulted for their role in creating the financial crisis could rake in more than $1 billion in Ben Bernanke’s new plan to prop up the financial system, the Wall Street Journal reports. The Fed is planning $7 billion worth of bond deals, and they'll need the approval... More »

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Ben Bernanke • Federal Reserve • bonds • Standard and Poor • Moody's • credit rating

(Newser) - Credit-ratings agency Moody’s Investors Service today released what it calls “The Bottom Rung,” a list of 283 companies—15% of all those it tracks—it says are most likely to default on their debts. Moody’s has been widely lambasted for failing to catch the credit problems... More »

MORE ABOUT:
bankruptcy • Eastman Kodak • default • Moody's • credit rating • ratings agencies

 Investors Flee GE 
 Despite Soaring Profits 

Fears about GE's capital arm and a possible loss of AAA rating stoke concerns

Mar 5, 09 7:00 AM CST
(Newser) - General Electric, long considered a reliable growth company paying an attractive dividend, is taking a beating ahead of a possible cut to its AAA debt rating, Bloomberg reports. Though GE recently posted its third-highest annual profit ever, the company has lost $264 billion in market value in 12 months and... More »

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General Electric • Standard and Poor • Moody's • Jeffrey Immelt • bond ratings • dividend

MARKETS

 Dow Plummets to Below 12,000 

An oil boost and continued financial woes batter the markets

Jun 20, 08 3:34 PM CDT
(Newser) - The markets tumbled today to lows not seen since the Bear Stearns fiasco in March, MarketWatch reports. Oil surged back over $135 a barrel, erasing yesterday’s meager gains, and bad news continued to depress financials. The Dow fell 220.40 to 11,842.69, the Nasdaq 55.87 to... More »

MORE ABOUT:
Iran • Israel • Dow Jones • Nasdaq • MBIA • oil price • Moody's • Ambac Financial • S&P 500 • Ambac • financial crisis

MARKETS

 Stocks Again Stuck in Neutral 

Conflicting news on financials hinders the market

Jun 4, 08 3:42 PM CDT
(Newser) - The markets finished mixed today as fears over the financial sector clashed with positive economic reports. Moody’s said it may downgrade ratings for Ambac Financial and MBIA because of continued mortgage-related losses, MarketWatch reports, helping the Dow down 12.37 to 12,390.48. The Nasdaq gained 22.66,... More »

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Dow Jones • mortgage • Lehman Brothers • Nasdaq • MBIA • Moody's • writedowns • Ambac Financial • S&P 500 • Ambac

Municipalities Challenge
Bond Ratings

Local officials say double standard
cheats taxpayers

Mar 3, 08 12:20 PM CST
(Newser) - City and state officials are mounting a rebellion against bond rating firms they say are siphoning off billions of taxpayer dollars by giving them unfairly low credit ratings, the New York Times reports. Even though municipal bonds are generally safer than those issued by corporations, municipalities get lower credit scores,... More »

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California • Washington • Connecticut • Oregon • bond market • municipal bonds • Moody's • S&P 500 • bond ratings

Bush Mortgage Plan Arrives

1.2M homes at risk in crisis could be saved, he says; critics charge it's not enough

Dec 6, 07 3:01 PM CST
(Newser) - The White House today released its plan to help homeowners threatened by the subprime crisis, asserting 1.2 million could be helped—but only 240,000 of 2.2 million rate resets due next year are covered, CNN reports. The five-year interest rate freeze doesn’t apply to borrowers 30... More »

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Henry Paulson • Moody's • adjustable rates • borrowers • subprime crisis • George W. Bush

12 Stories


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