Moodys Investors Service
Rolls Royce Downgraded on Cash Flow Worries
The company said it has incurred charges dealing with faulty engines and preparing for a rough Brexit.
Rising Income Gap Threatens U.S. Credit Rating
"Pressures from rising inequality will exacerbate already material fiscal challenges on the horizon," Moody's warns in a report.
Moody’s Fined $16M Over Rating Deficiencies
The SEC says Moody's failed to ensure the accuracy of statistical models and apply rating symbols consistently.
Carillion Collapse Exposes Flaws in Trade Finance Disclosure
A report by Moody's says lax accounting requirements for reverse factoring arrangements helped mask the U.K. firm's deteriorating financial condition.
Moody’s Changes Amazon Outlook to Positive
"The Whole Foods acquisition is an immediate credit positive for the company on a variety of fronts," the rating agency says.
Hong Kong Court Affirms Sanctions on Moody’s
Regulators had fined the rating agency $1.4 million for publishing a "misleading" report that flagged Chinese companies for weak corporate governance.
Auto Sales Slowdown Driving Risk for Lenders
Moody's says credit risk is rising at a time when the average dollar amount of negative equity at trade-in is at record levels.
More Pain Ahead for States’ Pension Plans
Moody's predicts unfunded liabilities will increase by 40% to $1.75 trillion over the next two fiscal years amid weak investment performance.
Deutsche Bank to Cut 3,000 Jobs in Germany
More than 80% of the layoffs will be in Deutsche Bank's private and commercial clients division.
Corporates’ Cash Pile Rises To $1.68T
Cash holdings were up 1.8% from the year prior, with the technology sector accounting for a record 46% of total cash in 2015.
Junk Defaults to Rise to 4.6% in Next Year
Moody's cites "deteriorating credit conditions especially in commodity sectors such as oil & gas and metals & mining."