downgrades

  • 18 Mar 2014 at 3:06 PM

Banana Republic Watch ’14: Argentina Gets Junkier

Emerging market investors looking to put their rubles elsewhere now that the Russian Empire Federation no longer qualifies (among other reasons) should probably skip that trip to Buenos Aires. Read more »

They’re gonna downgrade their outlook from stable to negative though, just in case. [WSJ]

Moody’s Investors Service downgraded the debt ratings of 15 major international banks and securities firms on Thursday, a move that could cost the banks billions of dollars in extra collateral…U.S banks that were downgraded included: Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley. “All of the banks affected by today’s actions have significant exposure to the volatility and risk of outsized losses inherent to capital markets activities,” Moody’s said in a statement. “However, they also engage in other, often market leading business activities that are central to Moody’s assessment of their credit profiles,” the firm added. “These activities can provide important ‘shock absorbers’ that mitigate the potential volatility of capital markets operations, but they also present unique risks and challenges.” [CNBC, related]

  • 11 May 2012 at 4:50 PM

Fitch Has Something To Say About Fudgie

“Manageable” but “raises questions.” Read more »

  • 13 Feb 2012 at 8:03 PM

Moody’s Treads Where No Other Rating Agency Dare

“Moody’s Investors Service downgraded six European nations and became the first ratings firm to warn the U.K.’s rating could be at risk, citing the area’s weakening ability to implement measures aimed at reducing debt…Where Moody’s did deviate from recent actions by other ratings firms was in changing the outlook for the U.K. There had been no indication the U.K.’s outlook was necessarily in danger based on how other ratings firms view U.K.’s debt. Both S&P and Fitch have a stable outlook on their U.K. rating.” [WSJ]

  • 13 Jan 2012 at 1:12 PM

Standard & Poor’s Just Getting Started

Standard & Poor’s Ratings Services has notified the French government of its decision to downgrade the country’s credit rating, a senior French government official said Friday, a move that marks the long-awaited blow to France’s international standing and knocks the country out of the top financial league of the euro zone. S&P has informed the French government that the country’s cherished triple-A rating will be lowered one notch to double-A-plus. S&P has also notified other European governments of looming ratings downgrades, according to people familiar with the matter. [WSJ]

Don’t Ask To Speak With Brian Moynihan Today

He may be in a mood. Read more »