Moody's Investors Service

Much of Greece has been shut down for the second day in a row as Greek citizens protest against an upcoming parliamentary vote on yet another round of austerity measures. Passage of the latest round of austerity measures being debated in parliament is necessary in order for the Greek government to...

Eurozone optimists were dealt another blow when Moody's Investors Service downgraded Spain's credit rating two notches. Moody's lowered Spain's debt rating to A1, down from the previous rating of Aa2. The Spanish downgrade will hurt Spain's ability to raise funds because the lower credit rating...

Moody's Investors Service dropped a bombshell on the markets late on Monday when the credit rating agency said that it will "monitor and assess” France's Aaa credit rating. The markets have reacted negatively to much of the recent news out of Europe. The possibility of a downgrade to France's...

Moody's Investors Service lifted its outlook on Paccar Inc (NASDAQ: PCAR). Moody's raised its outlook on Paccar from “negative” to “stable.” The ratings firm also affirmed the company's long-term A1 credit rating. Paccar shares dropped 0.26% to close at $38.79 yesterday.

The markets were dealt another blow on Wednesday when Moody's Investors Service downgraded two of France's biggest banks and placed a third on review. Societe Generale and Credit Agricole were downgraded, while Moody's said that it would take more time to review BNP Paribas. There had been...

Chinese Premier Wen Jiabao crushed the hopes of many European optimists on Wednesday when he said while attending the World Economic Forum that it was up to European countries to "put their own houses in order" instead of hoping for cash rich China to bail them out. Premier Wen was responding in...

Asian stock markets continued to fall during Wednesday trading as concerns over America's economy continued to overshadow the recent positive news that the United States was able to avoid a default on its debt. Asian stocks began the week on the upswing after it was announced that President Barack...

Although the United States was able to maintain its AAA credit rating with the top three ratings agencies after it avoided a default on its debt, a little known Chinese rating agency has lowered its rating of American debt from A+ to A with a negative outlook. Earlier this week, President Barack...

Moody's Investors Service announced on Monday morning that it was placing the credit rating of Spain and five of its biggest banks under review for possible downgrades, while downgrading the credit rating of six Spanish regions. One of the main factors cited by Moody's for Spain's possible...

Ratings agency Moody's Investors Service has downgraded Greek sovereign debt yet again. Moody's downgrade of Greek debt to "Ca" from the previous rating of "Caa1" makes Greece the lowest rated country in the world covered by the ratings agency. Although the agreement reached by European leaders...

European Union politicians are up in arms over the latest in a series of downgrades of the sovereign debt of troubled EU member states by the United States-based rating agencies Moody's Investors Service, Standard & Poor's and Fitch Ratings. The uproar was spurred by the Moody's Investors...

The European debt crisis deepened on Wednesday, as Moody's Investors Service announced that it had put three of France's top banks on review for downgrade, citing exposure to Greek debt. BNP Paribas, Societe Generale and Credit Agricole were all placed on review. Greece has been conducting ongoing...

Moody's Investors Service downgraded the debt ratings of Portugal Telecom SGPS SA (NYSE: PT) from “Baa2” to “Baa3.” Moody's reported that they remain on review for possible further downgrade. Last week, Standard & Poor's also downgraded Portugal Telecom's rating from “BBB/A-2” to “BBB-/A-3,”...

Moody's Investors Service downgraded Ireland's credit rating two notches to Baa3 from Baa1 on Friday and said that the outlook for the financially troubled country remains negative. Moody's said that the key factors of its downgrade of Irish debt were the decline of the government's financial...

Moody's Investors Service announced on Thursday that it downgraded its outlook for the Chinese property sector to Negative from Stable, as the government continues its efforts to cool inflation. Moody's said that high inflation rates have led to China's government imposing stricter regulations on...