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Moodys News

News on Moodys (Ticker: MCO) continually updated from thousands of sources around the net.

Monday | Resource Investing News

Fitch Ratings Downgrades Alcoa's Credit Grade to BB+

Bloomberg reported that Fitch Ratings has cut Alcoa Inc.'s credit grade from BBB- to BB+, one level below investment grade.

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Related Topix: Financial Services

Monday | MSN Money

Small US colleges worry as enrollment slumps

At a Dowling College campus on Long Island's south shore, a fleet of unused shuttle buses sits in an otherwise empty parking lot.

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Related Topix: Dowling College, Financial Services, Non-Profit, Vanderbilt University, Franklin Pierce University

Monday | Bloomberg

Toys - R' Us Leveraged Like '05 as Loss Mounts: Corporate Finance

Toys "R" Us's debt ratios returned to levels last seen following its $6.6 billion leveraged buyout in 2005, underscoring heightened concern among investors that the retailer may not be able to recover from its biggest loss in nearly three decades.

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Related Topix: Wayne, NJ, Financial Services, US News

Sun Apr 13, 2014

Bloomberg

Apollo's Momentive Performance Files for Bankruptcy

Momentive Performance Materials Inc., a maker of coatings and resins found in shampoos and auto parts, filed for bankruptcy after struggling to make payments on debt dating to its 2006 buyout by Leon Black 's Apollo Global Management LLC. The chemical producer listed $2.69 billion in assets and $4.17 billion in debt in its Chapter 11 filing ... (more)

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Related Topix: Economics News, Bankruptcy, White Plains, NY, Financial Services, Waterford, NY, US News

Fri Apr 11, 2014

Airport Business

GOL and TAP Enter Into a Codeshare Agreement

GOL Linhas Aereas Inteligentes S.A. , , the largest low-cost and low-fare airline in Latin America announces that it has signed a contract to implement a codeshare and frequent flyer program agreement with TAP.

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Related Topix: Airlines, Gol Linhas Aereas Inteligentes SA, Financial Services, South America, World News, Brazil,

Sys-Con Media

GOL Announces the Call Notice for Annual Shareholders' Meeting

Linneu Gomes, S/N, Portaria 3 - at the Meeting Room of the Board of Directors of Gol Linhas Aereas Inteligentes S.A. , Jardim Aeroporto, CEP: 04626-020, in the Capital of the examine, discuss and vote upon the Accounts of the administration, including the Financial Statements for the fiscal year ended on It is available to the Shareholders at the ... (more)

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Related Topix: Airlines, Gol Linhas Aereas Inteligentes SA, Financial Services

The Globe and Mail

Moody's cuts Turkey's outlook, lira weakens, yields rise

A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011.

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Related Topix: Financial Services

Bloomberg

U.S. as Global Growth Engine Putt-Putts Instead of Purring

The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring.

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Related Topix: Financial Services, West Chester, PA, Chester, PA, Stanley, Investment Banking, Morgan Stanley

Thu Apr 10, 2014

The Washington Post

ADP to Spin Off Auto-Dealer Unit to Focus on Human Resources

Automatic Data Processing Inc., the payroll-and-benefits provider whose monthly jobs report is a U.S. economic barometer, plans to spin off its auto-dealer services unit to focus on the human-resources business.

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Related Topix: Financial Services, Automatic Data Processing, Roseland, NJ, Marketing, Business News

Bloomberg

Harrisburg Authority Closes First Water-System Debt in 3 Years

The water system of Harrisburg Authority, the agency that racked up the debt that plunged the Pennsylvania capital into insolvency, closed today on its first bond financing since 2011.

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Related Topix: Financial Markets, Financial Services, Dauphin County, PA

Daily Kos

Ukraine on Verge of Default Even With IMF Bailout

Ukraine is on the verge of a default even with an IMF bailout, Forbes reports. In fact, Moody's recently stated that they are now at the point of no return.

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Related Topix: Financial Services, Russia, Asia, US News, Liberal Political News

Wed Apr 09, 2014

World News Report

ADP Regional Employment Report: Texas, Florida, and California Exceed ...

"There is a clear divergence between employment growth in the South and West versus the Midwest and Northeast," said Ahu Yildirmaz, VP and head of the ADP Research InstituteA .

Comment?

Related Topix: Texas, Financial Services

Tue Apr 08, 2014

Bloomberg

S&P, Moody's Say Calpers Looking for Ratings Scapegoat

Standard & Poor's says the California Public Employees Retirement System can't blame it for almost $800 million in losses on top-rated investments that later collapsed because its assessments are opinions and not guarantees or facts.

Comment?

Related Topix: Financial Services, Personal Finance, Retirement, Pension, Home, Mortgage, San Francisco, CA

Reuters

Miami's port to issue new bond to pay debt, fund tunnel project

The port of Miami's total debt is set to pass $1 billion after Miami-Dade County commissioners approved a $225 million bond offering on Tuesday to meet existing lending agreements and pay the balance on a nearly finished underground tunnel connecting the island-port to nearby highways.

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Related Topix: Miami, FL, Miami Dade County, FL, Financial Services

Bloomberg

Westchester Joins Record Wave of N.Y. Pension IOUs: Muni Credit

New York state and localities including Westchester County borrowed a record $1.4 billion to cover retirement contributions this year, showing how even the wealthiest communities are struggling to make the payments.

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Related Topix: Pension, Personal Finance, Westchester County, NY, Retirement, Andrew Cuomo, US Governors, Financial Services, Suffolk County, NY

Mon Apr 07, 2014

Bloomberg

Arizona Tourism Bonds Renewed With Scottsdale Museum of the West

An agency in Scottsdale, Arizona , plans to issue about $50 million of municipal bonds next month to fund construction of the Museum of the West, a city-owned venue that will display cultural artifacts.

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Related Topix: Scottsdale, AZ, Financial Markets, Financial Services, Non-Profit

GlobeSt.com

Moody's Gives NYS Budget Positive Rating

Join us In White Plains, where we will be bringing you the top local players who matter to your business.

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Related Topix: Financial Services, us Travel, Travel, Albany, NY, Andrew Cuomo, US Governors

Sun Apr 06, 2014

Poughkeepsie Journal

N.Y. budget gives business, property tax relief, but disappoints others

The state budget includes $1.5 billion in property-tax relief, a 5.3 percent increase in school aid and the first permanent business tax cut since 2005.

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Related Topix: Tax, Andrew Cuomo, US Governors, Financial Services, Rochester, NY, Albany, NY

Newsday

Nassau, Suffolk double short-term debt since 2007

Short-term borrowing by Nassau and Suffolk counties to meet payroll and other immediate expenses has more than doubled since 2007, a sign of the persistent financial stress plaguing both county governments, budget experts said.

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Related Topix: Suffolk County, NY, Nassau County, NY, Financial Services

Fri Apr 04, 2014

DurhamRegion.com

Durham maintains Triple A credit rating

The Region of Durham has again received a Triple A credit rating from Standard and Poor's, making it one of six municipalities in Canada to achieve the high standard.

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Related Topix: Financial Services

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