Moody's Downgrades 2 French Banks
Moody's Investors Service cut the ratings of two French banks on Wednesday, citing their holdings of Greek sovereign debt as the reason. Crédit Agricole and Société Générale were both downgraded a single notch.
Moody’s Downgrades Japan One Notch
Rating agency cites political situation as reason; Japan now at same level as China.
EU Official Blasts Moves by Moody's and Standard & Poor's on Portugal and Greece
By James Kanter (C) The New York Times 2010 BRUSSELS -- The European Union's financial services commissioner, Michel Barnier, vented his frustration with U.S.-based credit ratings agencies...
Morgan Stanley, Ratings Groups Face Fraud Claims on Subprime
In the New York case, the plaintiffs claim Morgan Stanley wrongly marketed Cheyne as a high-quality investment, and that the rating agencies assigned improperly high ratings.
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...
Dealers Must Tighten Terms to Hedge Funds
NEW YORK (HedgeWorld.com)--Major dealers should take a cold, hard look at financing conditions and margin practices for hedge funds, the president of the Federal Reserve Bank of New York warned at a conference Tuesday. Timothy Geithner said most of the growth in credit derivatives has come in auspicious economic conditions...