reuters.com - 11/7/2008
—
NEW YORK, Nov 7 (Reuters) - Moody's Investors Service on Friday cut its ratings on MBIA Inc's (MBI.N: Quote , Profile , Research , Stock Buzz ) insurance arm and also sent ratings on the holding company's debt into junk territory, citing diminished business prospects and a weaker financial ...
norris.blogs.nytimes.com - 11/12/2008
—
norris.blogs.nytimes.com —
With 60 percent of junk bonds trading as
if default were likely, either some bonds are good
buys or economic disaster is approaching.
(more)
Overreaction, or Coming Collapse?
epicureandealmaker.blogspot.com - 11/12/2008
—
epicureandealmaker.blogspot.com —
The Dude: "Look, nothing is fucked, here, man."
The Big Lebowski: "Nothing is fucked?! The goddamn plane
has crashed into the mountain!!" — The Big Lebowski Dealbreaker.com did a nice job yesterday quoting the I-Ching of all earthly ...
(more)
Et in Arcadia Ego
alephblog.com - 11/9/2008
—
alephblog.com —
Bloomberg sues the Fed for refusing to disclose
what sort of collateral they are lending against. I
come at this from having worked in insurance for two decades. Insurers have to disclose every asset that they own in their Statutory filings. When ...
(more)
What Do You Have To Hide?
Comments
Blog Reactions
Moody's Cuts MBIA Rating
Calculated Risk —
From Reuters: Moody's cuts MBIA Insurance to "Baa1" Moody's Investors Service on Friday cut its ratings on MBIA insurance arm and also sent ratings on the holding company's debt into junk territory, citing diminished business prospects and a weaker financial profile. This follows a rating cut for AMBAC earlier this week.
Bring Out Yer Dead! (thud)
The Aleph Blog —
... media:
GM, Ford May Step Up Pleas for Help as Obama Wins
GMAC Posts Loss, Says ResCap Mortgage Unit May Fail
The Cost of Saving GM and Chrysler
GM’s `Time Is Very Short’ for U.S. Aid, Altman Says
Auto-Industry Crisis Tests Obama
Why GM Says Bankruptcy Is an Impossibility
I could add to the examples in other sectors — MBIA and Ambac seem to be headed to zero as well. Another set of ...
Related Content
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 ...
NY insurance official raises concerns over Moody's
reuters.com 9/21/2009 — Lilla Zuill NEW YORK (Reuters) - An official in the New York Insurance Department says insurance regulators from across the country are expected to discuss dropping Moody's Investors Service from a list of acceptable rating organizations at a meeting ...
Moody’s Intrinsic Value
widemoatinvesting.wordpress.com 4/10/2009 — 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 ...
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.
...
Moody's Aims to Be Ahead on Defaults
online.wsj.com 3/10/2009 — Pilloried for missing credit problems in the nation's mortgage markets, credit-ratings firm Moody's Investors Service is trying to get ahead of corporate bankruptcies. The firm on Tuesday is publishing a list called the Bottom Rung, detailing the ...
Moody's says could cut GE's triple-A credit rating
reuters.com 1/28/2009 — BOSTON (Reuters) - Moody's Investors Service said on Tuesday it was reviewing General Electric Co's ( GE.N ) triple-A credit ratings, which could lead to a downgrade, and its shares fell as much as 5 percent in extended trade. The move raises the risk ...
Follow WallStreetBlips on Twitter
