bloomberg.com - 4/7/2009
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April 7 (Bloomberg) -- Thirty-five companies defaulted in March, the highest number in a single month since the Great Depression, according to Moody’s Investors Service . The rate at which speculative-grade corporate borrowers worldwide failed to meet their obligations rose to 7 percent from ...
nytimes.com - 4/8/2009
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nytimes.com —
Moody’s Investors Service assigned a negative outlook to
the creditworthiness of all local governments in the United
States, the agency said Tuesday, the first time it had ever issued such a blanket report on municipalities. The report signaled how ...
(more)
Muni Bonds May Face Downgrade
widemoatinvesting.wordpress.com - 4/10/2009
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widemoatinvesting.wordpress.com —
2008 was a tough year for Moody’s Corporation,
with free cash flow (FCF) levels falling to 2003
levels, or $450 million. In our previous analysis, we argued that Moody’s economic moat has shrunk over the last couple of years, as its credit ratings for ...
(more)
Moody’s Intrinsic Value
calculatedriskblog.com - 4/3/2009
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calculatedriskblog.com —
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 ...
(more)
Credit Crisis Indicators
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Tuesday morning links
The Mess That Greenspan Made —
TOP STORIES • Default Rate Surges to Highest Since Depression, Moody’s Says - Bloomberg • IMF gold sale may push down prices below $800 - Commodity Online • China's economy to bottom out in mid 2009; World Bank - CHINADaily • Toxic debts could reach $4 trillion, IMF to warn - Times Online • FDIC’s Insurance Commitments 34% Higher Than Reported - Option Armageddon • Exclusive: Tearful Allen Stanford Expects Indictment in Two Weeks - ABC News • Larry Summers, Tim Geithner and Wall Street's ownership of government - Salon • Turning Japanese - Foreign ...
THE FINTAG NEWSLETTER @ 08 April 2009
FiNTAG - Hedge Fund News, Views, Opinions and Gossip —
... Fintag says Music to my donations. So why are my investors still redeeming? DEFAULT COUNT RISES TO HIGHEST SINCE GREAT DEPRESSION bloomberg ...
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Buffett Is Unusually Silent on Rating Agencies
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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.
...
David Einhorn versus Warren Buffet on Moody's (MCO)
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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 ...
California’s Bond Credit Rating Slashed by Moody’s (Update1)
bloomberg.com 7/20/2009 — 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 ...
Buffett Dumps Moody’s (MCO, BRK-A)
247wallst.com 7/23/2009 — 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 ...
Greenlight's Einhorn says shorting Moody's
| Markets
| Markets News
reuters.com 5/28/2009 — * Greenlight Capital's Einhorn says shorting Moody's stock * Greenlight says credit ratings lost credibility * Einhorn says Moody's has negative net worth $900 mln * $7.2 mln Allied Capital short-sale gain goes to charity By Joseph A. Giannone NEW ...
Buffett's Bad Moody's —
The Big Money 4/9/2009
Tough times continue for Berkshire Hathaway , Warren Buffett's perennial cash cow, after Moody's cut its long-term issuer rating to Aa2 from its top Aaa rating. Moody's said the recession and investment losses at Berkshire's insurance interests ...
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