bloomberg.com - 7/20/2009
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July 14 (Bloomberg) -- California’s credit rating, the lowest of all U.S. states, was cut for the second time in as many weeks amid lawmakers’ failure to close a $26 billion deficit that left the most-populous state issuing IOUs to creditors. Moody’s Investors Service said it lowered ...
bloomberg.com - 7/20/2009
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bloomberg.com —
July 20 (Bloomberg) -- Banks have failed to
make adequate provision for the losses on loans and
securities they face before the end of next year, Moody’s Investors Service said. U.S. banks may incur about $470 billion of losses and writedowns by the ...
(more)
Banks Fail to Make Adequate Loan-Loss Provisions, ...
macroblog.typepad.com - 7/25/2009
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macroblog.typepad.com —
Earlier this week my boss, Atlanta Fed President
Dennis Lockhart, weighed in with his views about the
shape of the economic recovery to come while speaking at a meeting of the Nashville, Tenn., Rotary Club : "The economy is stabilizing and ...
(more)
A look at the recovery
247wallst.com - 7/23/2009
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247wallst.com —
Moody’s Corporation (NYSE: MCO) just got a rather
interesting insider selling shares, none other than Warren Buffett’s
Berkshire Hathaway Inc. (NYSE: BRK-A). The listed entities were Berkshire itself, National Indemnity, OBH, and GEICO. The ...
(more)
Buffett Dumps Moody’s (MCO, BRK-A)
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Monday Morning Quarterback: The Market’s Excellent Adventure
Minyanville —
Hi, welcome to the future. San Dimas, California, 2688. And I'm telling you it's great here. The air is clean, the water's clean, even the dirt, it's clean. Bowling averages are way up; mini-golf scores are way down. And we have more excellent water slides than any other planet we communicate with. -- Rufus, Bill & Ted s Excellent Adventure [image] They say that time is the arbiter of all fate. Nowhere is that more evident that in the financial marketplace. In early March, offering an optimistic opinion ...
Answers I Really Wanna Know: A Tad Too Obvious?
Minyanville —
So, what are you doing on Wednesday ? Through the lens of you can learn a lot by watching, were the flattish pre-market futures Friday morning in the face of CIT ( CIT ) concerns , Cali s credit downgrade and double Debbie Downers from General Electric ( GE ) and Google ( GOOG ) all we needed to know about the near-term next steps for the tape (Friday and Monday)? Is the fact that the S&P rallied 72 handles since last Monday smack dab into the most important level of the year on Turnaround Tuesday (today) with everyone expecting a breakout and put/call readings the lowest (yesterday) ...
California Muni ETFs: Value Play Or Sucker’s Bet?
ETF Database —
Perhaps no area in the U.S. (with the possible exception of Michigan) has felt the pinch of the recession worse than the Golden State. California, the most populous state (home to eight of the country’s 50 largest cities) and third-largest by land area, has seen tax revenues plummet and unemployment skyrocket over the past 18 months, pushing the state to the brink of default. As California has fallen on hard times, many investors are taking a close look at ETFs that invest in municipal bonds issued by California agencies, attempting to track down an answer to the the million dollar question: are California Munis now a good value play, or ...
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Moody’s Intrinsic Value
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Reducing Deficit Key to US Rating: Moody
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Credit Crisis Indicators
calculatedriskblog.com 4/3/2009 — Here is a quick look at a few credit indicators: First, the British Bankers' Association reported that the three-month dollar Libor rates were fixed at 1.166%. The LIBOR was at 1.30% a couple of weeks ago, and peaked at 4.81875% on Oct 10, 2008. This ...
Blaming Moody’s
ritholtz.com 12/7/2008 —
“These errors make us look either incompetent at credit analysis or like we sold our soul to the devil for revenue, or a little bit of both.”
— A Moody’s managing director responding anonymously to an internal management survey, September 2007.
...
Bond Trading Highest Since ‘07
calculatedriskblog.com 2/20/2009 — From Bloomberg: Bond Trading Highest Since ‘07 as Credit Freeze Thaws Corporate bond trading in the U.S. is rising to the highest level in two years, adding to evidence that credit markets are thawing even with stocks off to their worst start since ...
Buffett Is Unusually Silent on Rating Agencies
dealbook.blogs.nytimes.com 3/22/2009 — In his annual Berkshire Hathaway letter, Warren E. Buffett recently urged investors to pose tough questions at the shareholders meeting in May. Here is one that The New York Times's David Segal says is on the mind of some Buffett watchers: When are ...
Moody's Joins S.&P. in Warning on California Debt
dealbook.blogs.nytimes.com 6/20/2009 — The state of California is facing a "multi-notch" downgrade of its debt if it fails to resolve its enormous budget woes, Moody's Investors Service said Friday.
CRE and Residential RE Prices
calculatedriskblog.com 6/26/2009 — Here is the CRE report mentioned yesterday, from RC Analytics : Moody’s/REAL Commercial Property Price Indices, June 2009 The Moody’s/REAL National All Property Type Aggregate Index for April measures 135.31, a decrease of 8.6% from the previous ...
Moody’s: CRE Prices Off 36 Percent from Peak, Off 1% in June
calculatedriskblog.com 8/20/2009 — From Bloomberg: U.S. Commercial Property Values Fall as Rent Declines Forecast The Moody’s/REAL Commercial Property Price Indices fell 1 percent in June and are down 36 percent from their October 2007 peak, Moody’s Investors Service said in a report ...
U.S.’s Aaa Credit Rating Is Stable, Moody’s Says (Update3)
bloomberg.com 5/28/2009 — May 27 (Bloomberg) -- The U.S. government’s Aaa credit rating is stable “even with a significant deterioration” in the nation’s debt, Moody’s Investors Service said, signaling confidence in a rebound from the recession. The U.S. rating is supported ...
Word of the Week —
The Big Money 7/17/2009
The AAA distinction is the highest bond credit rating handed out by three of the largest ratings agencies: Standard & Poor's , Fitch Ratings , and Moody's Investors Service (which displays the rating as Aaa, rather than AAA). The AAA ...
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