Moody’s “may downgrade USA”

New York – Moody’s Investors Service said on Tuesday it would likely deprive the United States of its triple- A rating if the US Congress failed to reach a long-term debt reduction plan next year. In its latest report entitled ‘Update of the Outlook for the US Government Debt Rating’, Moody’s said the direction of … Continue reading “Moody’s “may downgrade USA””

SARB refutes Moody’s downgrade

Pretoria – South African banks are sound and well capitalised, the Reserve Bank has said in response to Moody’s downgrading of five banks. On Wednesday, Moody’s Investors Service downgraded by one notch the senior debt and deposit ratings of five South African banks namely: Standard Bank of South Africa, Absa Bank Limited, FirstRand Bank Limited, … Continue reading “SARB refutes Moody’s downgrade”

Moody’s lower Italy, France, Portugal, Slovakia, Britain and Spain

New York – Moody’s Investors Service on Monday cut the long-term credit ratings of Italy, Spain and some other Eurozone nations, citing their susceptibility to the growing financial and macroeconomic risks caused by the Eurozone crisis. Moody’s lowered its ratings on Italy, Portugal, Slovakia, Slovenia and Malta by one notch and slashed Spain’s sovereign rating … Continue reading “Moody’s lower Italy, France, Portugal, Slovakia, Britain and Spain”