Ireland Rating Slashed to Near Junk; Outlook Negative
Ireland's rating Friday was sliced two more notches by Moody's to just above junk status, from Baa1 to Baa3, which is lower than either Fitch Ratings or Standard & Poor's rates the country.
Fidelity Responds to Moody's Outlook Downgrade
According to the ratings service, the outlook change for Fidelity reflects the "erosion of the company's market share in long-term mutual fund assets under management, the growing prominence of lower-margin businesses in its overall business profile and increasing risk from non-core investment activities."
Outgoing Irish Government Throws Curve; Moody’s Downgrades Bank Securities
The outgoing Irish government has dropped a bomb on the incoming politicians, declining to recapitalize the nation’s banks and leaving it to the opposition to decide if and when banks should be funded.
Fitch Cuts Ireland’s Rating on Bailout Concerns
Ratings agency Fitch cut Ireland's credit worthiness another notch Wednesday, citing the country's long fight to emerge from record deficits, the toughest bank-bailout effort in Europe and a lagging economy.
For one of the most comprehensive perspectives on the subprime mortgage crisis, Research turns to Jeffrey E. Gundlach, Morningstar's 2006 Fixed Income Fund Manager of...
Moody's Lowers Countrywide Debt Rating
Two days after the largest provider of home mortgages in the U.S., Countrywide Financial, announced that a full 1% of its home loans were in foreclosure, the company got more bad news on August 16 from a ratings agency. Moody's Investors Service downgraded the senior debt ratings of Countrywide Financial...
THE GLUCK REPORT, Part II: Top Trends In Insurance
For years, my best sources have referred me to Lee Slavutin whenever I ask about a complex estate planning strategy. In addition to integrity and...
Custom House: First Hedge Fund Administrators Rate
LONDON (HedgeWorld.com)--Moody's Investor Services has assigned a Baa1 management quality rating to Custom House Administration & Corporate Services, Ltd., Dublin, the first rating it has...