reuters.com - 3/13/2009
—
NEW YORK, March 12 (Reuters) - Moody's Investors Service on Thursday said it may cut the bank financial strength ratings of 23 U.S. regional banks because the housing and economic crisis will lead to significantly higher credit losses than it earlier expected. Moody's also put the deposit and ...
online.wsj.com - 3/10/2009
—
online.wsj.com —
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 ...
(more)
Moody's Aims to Be Ahead on Defaults
zerohedge.blogspot.com - 3/10/2009
—
zerohedge.blogspot.com —
Moody's, which has long been criticized for sleeping
through the credit bubble and, by many accounts, causing...
it in the first place, just came out with an attempt at absolution. In a quarterly publication called the "Bottom Rung", the rating agency ...
(more)
Moody's Releases The Leper List
reuters.com - 3/19/2009
—
reuters.com —
NEW YORK, March 19 (Reuters) - In a
move reflecting widening stress in the U.S. housing market,...
Moody's Investors Service on Thursday said it may downgrade $240.7 billion of securities backed by prime-quality "jumbo" U.S. residential mortgages ...
(more)
Moody's may cut $241 billion jumbo mortgage debt
| ...
Comments
Blog Reactions
Good News, Bad News for Regional Banks and ETFs
ETF Trends —
... in financial strength ratings of regional banks have on an already ailing industry and their exchange traded funds (ETFs)? On Thursday, Moody’s said that it might cut the financial strength ratings of 23 regional banks because of higher credit losses, caused by the housing and economic crisis, than previously expected. Additionally, Moody’s put the deposit and debt ratings of 17 of the 23 banks on review for downgrade and changed the outlook of 19 of the 23 to negative from stable, states Reuters . A combination of a sharp decline in commercial real estate, rising corporate ...
Good News, Bad News For Regional Banks And ETFs
Daily Markets —
... in financial strength ratings of regional banks have on an already ailing industry and their exchange traded funds (ETFs)? On Thursday, Moody’s said that it might cut the financial strength ratings of 23 regional banks because of higher credit losses, caused by the housing and economic crisis, than previously expected. Additionally, Moody’s put the deposit and debt ratings of 17 of the 23 banks on review for downgrade and changed the outlook of 19 of the 23 to negative from stable, states Reuters . A combination of a sharp decline in commercial real estate, rising corporate ...
Related Content
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 ...
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 ...
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 ...
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 ...
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 ...
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 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.
David Einhorn versus Warren Buffet on Moody's (MCO)
fundmymutualfund.com 5/28/2009 — Battle Royale in Moody's ( MCO ) it appears after David Einhorn engages on the short side versus Warren Buffet's long position. For those not familiar with David Einhorn he is a youngish hedge fund manager who exposed Lehman Brothers in a very public way - that said his hedge fund lost 22% last ...
CitiCat Sez —
The Big Money 3/10/2009
Recommended reading: "Pandit says Citigroup having best quarter since 2007"-- Bloomberg
Photo cred: cpill
MTV Inadvertently Airs Geithner and Liddy Drama —
The Big Money 3/17/2009
The AIG drama is a layered affair. There’s the initial outrage between the American people and the company, of course. But there’s also the more personal drama playing out between many of the officials and executives involved. The galling bonus ...
Follow WallStreetBlips on Twitter
