High-Yield Default Rate on the Rise: Moody’s
Defaults are “on a disconcerting uptrend, which has kept investors on edge,” says Benjamin Garber, an economist with Moody’s Capital Markets Research.
Morgan Deemed ‘Winner’ in Moody’s Bank-Rating Massacre
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
Austria Stable at AAA: Moody's
Moody's kept Austria's credit rating stable at AAA on Friday, but warned about the effects of the debt crisis not just on Austria but also on other euro zone countries.
France Derides Ratings Agencies, Britain
Bank of France Governor Christian Noyer struck out at ratings agencies, calling them 'incomprehensible and irrational,' and also slammed Britain as more deeply mired in financial woes than France.
Moody’s Downgrades French Banks
Moody’s Investors Service cut France’s three largest banks by one notch, citing a 'very high' probability that the French government would intervene with support.
Moody’s Downgrades Japan One Notch
Rating agency cites political situation as reason; Japan now at same level as China.