Home » Posts tagged 'moody’s' (Page 2)

Tag Archives: moody’s

Spanish Banks Brace for Ultimate Showdown

Spanish Banks Brace for Ultimate Showdown “Very serious threat … to Spain’s entire mortgage market”: Moody’s A bitter, long-simmering conflict finally appears to be reaching its finale in Spain. On one side of the divide are the country’s biggest banks and some of the world’s largest investment funds; on the other are hundreds of thousands […]

Continue Reading →

Debt Spiral Grips Both, Pemex and Mexico

Debt Spiral Grips Both, Pemex and Mexico It was just a matter of time before Pemex, Mexico’s chronically indebted state-owned oil giant, began dragging down the national economy it had almost single handedly sustained for over 75 years. The company has been bleeding losses for 13 straight quarters. As of December 31, it had $114.3 billion in […]

Continue Reading →

New law proposed to shift bank failure risk from taxpayers

New law proposed to shift bank failure risk from taxpayers Ottawa proposes ‘bail-in’ regime to force creditors to prop up failing banks The Liberal government says it will create legislation that shifts some of the risk in a bank failure to creditors. (Canadian Press) Canada will introduce legislation to implement a “bail-in” regime for systemically […]

Continue Reading →

Does This “Panic Index” Show A Major Crisis Coming In Oil And Gas?

Does This “Panic Index” Show A Major Crisis Coming In Oil And Gas? Little-reported but extremely critical data point for the oil and gas industry emerged yesterday. With insiders in the debt business saying that risk levels in the sector have risen to unprecedented levels. That came from major ratings service Moody’s. With the firm […]

Continue Reading →

Sudden Death? Junk-Rated Companies Headed for Biggest “Refinancing Cliff” Ever: Moody’s

February 17, 2016

Sudden Death? Junk-Rated Companies Headed for Biggest “Refinancing Cliff” Ever: Moody’s At the worst possible time. Most of the defaults, debt restructurings, and bankruptcies so far this year and last year were triggered when over-indebted cash-flow negative companies could not make interest payments on their debts. During the crazy days of the peak of the […]

Continue Reading →

S&P Just Downgraded 10 Of The Biggest US Energy Companies

February 2, 2016

S&P Just Downgraded 10 Of The Biggest US Energy Companies Just 10 days after “Moody’s Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review“, moments ago S&P decided it wanted to be first out of the gate with a wholesale downgarde of the US energy companies, and announced that it was taking […]

Continue Reading →

This is Why Junk Bonds Will Sink Stocks: Moody’s

January 25, 2016

This is Why Junk Bonds Will Sink Stocks: Moody’s “Some very critical things are hidden.” After the white-knuckle sell-off of global equities that was finally punctuated by a rally late last week, everyone wants to know: Was this the bottom for stocks? And now Moody’s weighs in with an unwelcome warning. If you want to […]

Continue Reading →

Moody’s Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review

January 22, 2016

Moody’s Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review One week ago, in the aftermath of the dramatic downgrade to junk of Asian commodity giant Noble Group, we showed readers the list of potential “fallen angel” companies, those “investment “grade companies (such as Freeport McMoRan whose CDS trades at near-default levels) who […]

Continue Reading →

This Is Why It’s Going to Get Even Tougher

October 23, 2015

This Is Why It’s Going to Get Even Tougher The third quarter was tough for US corporations. Worse than the prior two quarters. They got waylaid by weak global demand and lack of pricing power. The easiest way to increase revenues and profits is to raise prices, so via inflation, but that strategy isn’t working […]

Continue Reading →

Is The Oil And Gas Fire Sale About To Start?

October 16, 2015

Is The Oil And Gas Fire Sale About To Start? Much has been written about the mounting pile of debt for U.S. oil companies (not to mention the well-known Brazilian oil giant). Not that long ago, many oil and gas companies secured at least a part of their revenue by hedging contracts. Bloomberg already reported in June that many of […]

Continue Reading →

China’s “Credit Mystery” Deepens, As Moody’s Warns On Shadow Financing

September 26, 2015

China’s “Credit Mystery” Deepens, As Moody’s Warns On Shadow Financing Last month, we took a detailed look at what we said could be a multi-trillion yuan black swan. In short, one of China’s many spinning plates is the country’s vast shadow banking complex which allowed local governments to skirt borrowing restrictions leading directly to the accumulation of […]

Continue Reading →

Two Outs in the Bottom of the Ninth

September 26, 2015

Two Outs in the Bottom of the Ninth The housing market peaked in 2005 and proceeded to crash over the next five years, with existing home sales falling 50%, new home sales falling 75%, and national home prices falling 30%. A funny thing happened after the peak. Wall Street banks accelerated the issuance of subprime […]

Continue Reading →

Moody’s Downgrades France, Blames “Political Constraints”, Sees No Material Reduction In Debt Burden

September 19, 2015

Moody’s Downgrades France, Blames “Political Constraints”, Sees No Material Reduction In Debt Burden Citing “continuing weakness in the medium-term growth outlook,” Moody’s has downgraded France: *FRANCE CUT TO Aa2 FROM Aa1 BY MOODY’S, OUTLOOK TO STABLE Apearing to blame The EU’s “institutional and political constraints,” Moody’s expects French growth to be at most 1.5% and does not expect the debt […]

Continue Reading →

Oil Re-Bloodies the “Smart Money”

Oil Re-Bloodies the “Smart Money” The “liquidity death spiral.” Oil plunged again on Monday, with West Texas Intermediate down over 4%. At $45.17 a barrel, it’s just a hair away from this year’s oil-bust low. During 8 weeks in a row of relentless declines, WTI had plunged 26%. July’s 21% drop was the largest monthly decline since […]

Continue Reading →

UBS’s Puerto Rico Bond Funds Implode, “Collateral Value” Drops to Zero, Investors Screwed

UBS’s Puerto Rico Bond Funds Implode, “Collateral Value” Drops to Zero, Investors Screwed “We believe that the probability of default is approaching 100 percent, and that losses given default are substantial,” Moody’s wrote on Wednesday about Puerto Rico’s $72 billion in bonds that were stuffed into numerous conservative-sounding bond funds spread across America’s retirement portfolios. […]

Continue Reading →