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Moody's Strips Berkshire of Its Triple-A Rating
dealbook.blogs.nytimes.com - 4/9/2009
Moody's Strips Berkshire of Its Triple-A Rating
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Moody's Investors Service, one of the main credit ratings agencies, on Wednesday downgraded Berkshire Hathaway two notches from triple-A, tarnishing the luster of Warren E. Buffett's investment vehicle. Moody's analysts lowered Berkshire's rating to Aa2, a level that is "well supported" by the ...
nytimes.com - 4/8/2009
Muni Bonds May Face Downgrade
— 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

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widemoatinvesting.wordpress.com - 4/10/2009
Moody’s Intrinsic Value
— 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

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bloomberg.com - 4/7/2009
Default Count Rises to Highest Since Great Depression (Update1)
— bloomberg.com — 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 ... (more) Default Count Rises to Highest Since Great Depression ...

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Abnormal Returns:  Thursday links: too big to exist

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Thursday links: too big to exist
Abnormal Returns — ... Another one bites the dust.  Berkshire Hathaway (BRK) loses its Aaa from Moody’s.  (DealBook, WSJ.com, Felix Salmon) And the stock picks up an endorsement from Doug Kass.  (TheStreet.com) “The Meredith Whitney myth might be in line for a downgrade.”  (WSJ.com also Clusterstock, Dealbreaker, Felix Salmon) What is GE ...

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