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Moodys Company News

Tue, 11 Oct 2016 10:02:40 GMT
He allegedly sold drugs while on probation. Now he's heading to prison.  -  The Sun Herald
A man on probation is going back to prison after Biloxi police put him under surveillance and documented drug deals, documents in federal court show. Tiquese Pinky “TY” Moody, 26, was on probation for a federal drug conviction when Biloxi police ...
Tue, 11 Oct 2016 09:42:28 GMT

Nigeria's economy is so-so, Moody's says  -  Gephardt Daily
Moody's Investors Service said the number of non-performing loans, those for which the borrower is not making payments, is on pace to increase to around 12 percent over the next year, compared with the 5 percent on the books for Nigerian banks as ...
Tue, 11 Oct 2016 09:36:48 GMT
Moody's: Noble Group's asset sale is credit positive; ratings unaffected  -  Moodys.com (press release) (subscription)
This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating ...
Tue, 11 Oct 2016 09:14:14 GMT
Market uncertainty slows European GIB de-risking says Moody's  -  FTSE Global Markets
The pace of legacy asset portfolio reductions will likely slow at the five European Global Investment Banks (GIBs) --Barclays Bank Plc, Credit Suisse AG, Deutsche Bank AG, The Royal Bank of Scotland plc and UBS AG -- over the next 12-18 months, says ...
Tue, 11 Oct 2016 06:38:00 GMT
BRIEF-Moody's says European Global Investment Banks de-risking will slow w...  -  Reuters
HELSINKI, Oct 11 Finland's Meyer Turku shipyard said on Tuesday it had won an order for two new cruise ships from Royal Caribbean, a shot in the arm for the country's struggling economy. Sterling slides back below $1.23. LONDON, Oct 11 Sterling fell ...
Tue, 11 Oct 2016 06:27:53 GMT
Moody's upgrades ratings on notes issued by Liberty Series 2015-1 Auto  -  Moodys.com (press release) (subscription)
The principal methodology used in these ratings was Moody's Global Approach to Rating Auto Loan- and Lease-Backed ABS published in October 2016. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.
Tue, 11 Oct 2016 05:04:04 GMT
Non-performing loans surge as Nigerian banks struggle to survive  -  FINANCIAL WATCH (press release) (blog)
“Overall, Moody's views Zenith and GTBank as best placed to cope, followed by Access and UBA and then FBN.” The publication of the peer comparison report follows Moody's announcement on September 15 that the ratings agency has assigned first-time ...
Tue, 11 Oct 2016 04:26:03 GMT

Moody's Issues 'Credit Negative' in Response to Passage of TTF Legislation  -  NJ Spotlight
In a report released yesterday, Moody's Investment Service called the bill package “credit negative” and said that annual revenue loss stemming from the legislation will “worsen the state's budget challenges” in the future. That comes just days after ...
Tue, 11 Oct 2016 04:00:58 GMT
Moody's upgrades Roanoke County VA's Lease Revenue Bonds (Public Facilities Project), Series 2008 to Aa2  -  Moodys.com (press release) (subscription)
New York, October 10, 2016 -- Moody's Investors Service, ("Moody's") has upgraded the rating on Roanoke County, VA's Lease Revenue Bonds (Public Facilities Project), Series 2008 to Aa2 from Aa3. The Aa2 rating is one notch below Moody's internal ...
Tue, 11 Oct 2016 04:00:58 GMT
Moody's Upgrades City of Beverly Hills, CA's 2009 and 2012A Lease Revenue Bonds to Aa1  -  Moodys.com (press release) (subscription)
Moody's Investors Service has upgraded the rating of the City of Beverly Hills, CA's 2009 Lease Revenue and 2012A Lease Revenue Refunding Bonds to Aa1 from Aa2. Concurrently, Moody's has affirmed the Aa2 rating on the City of Beverly Hills' 2010 A,B, ...