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Moody's Joins S.&P. in Warning on California Debt
Moody's Joins S.&P. in Warning on California Debt
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.
U.S. credit rating a solid triple-A: Moody's
reuters.com — TOKYO (Reuters) - Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was... safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory. Financial ... (more) U.S. credit rating a solid triple-A: Moody's
CRE and Residential RE Prices
CRE and Residential RE Prices
calculatedriskblog.com — 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 ... (more) CRE and Residential RE Prices
Business As Usual For S&P And Moody's
Business As Usual For S&P And Moody's
businessinsider.com — Among the institutions not affected by the regulatory overhaul: The ratings agencies, accused of handing out oh-so-many... AAA ratings. NYT : While the administration is proposing some modest changes, none addresses what many see as the central problem: ... (more) Business As Usual For S&P And Moody's
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Links 6/20/09
naked capitalismMoody’s Joins S.& P. in Warning on California Debt DealBook. Always late to the party. The Plaza Stirs NY Times. "Few developments rode the wave of high prices in the Manhattan residential real estate the way the 181 condominium apartments at the Plaza Hotel did, and few have chilled as much in the downturn" China ministry ''regrets'' U.S. tire trade finding Reuters.  You saw Yves’ coverage of Andy Xie’s article on malinvestment in commodities as the Chinese spur domestic demand.  Here’s where Chinese Protectionism ...

Sunday morning links
The Mess That Greenspan Made — TOP STORIES • Tehran clashes grow more violent - LA Times • Treasury’s Got Bill Gross on Speed Dial - NY Times • N.C., Georgia, Kansas Bank Seizures Cost $363M - Bloomberg • Moody’s Joins S.& P. in Warning on California Debt - NY Times • Obama: Proposed Agency Will Protect Consumers - Bloomberg • Small group of GM bondholders object to sale - Reuters • Q1 2009 Flow of Funds - Noland, Prudent Bear • The Coming Oil Crisis - NewsWeek MARKETS/INVESTING • Wall Street looks to ...

California Struggles Continue
EconomPic — ... subprime fiasco = high unemployment (per The Big Picture): “California continues to bleed jobs, more so than most of the rest of the country. The national unemployment rate for May was 9.4%, and only four states had higher jobless numbers than California: Michigan at 14.1%, Oregon at 12.4% and Rhode Island and South Carolina, tied at 12.1%.Housing downturn + high unemployment = loss of revenue for the state = massive budget deficit (per NY Times): The state of California is facing a multi-notch ...

Related: california's debt crisis
A permanent crisis in CaliforniaThe Mess That Greenspan Made
Prior to Moody's announcing that it might make a "multi-notch" downgrade to California's debt rating, a rating that now stands at an uncomfortable five "notches" above junk status (it was much less uncomfortable prior to word of a highly unusual multi-notch adjustment), there was more intrigue ...