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Energy demand rises, challenging climate goals

January 13, 2022

Energy demand rises, challenging climate goals Rebound to push oil appetite above pre-pandemic levels, Moody’s says iStockphoto.com / baona Despite new government commitments to reduce greenhouse gas emissions, fossil fuel demand is set to surpass pre-pandemic levels, says Moody’s Investors Service. In a new report, the rating agency said it expects demand for energy to […]

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Gas companies face Californian wipe-out, say S&P, Moody’s

November 3, 2018

Gas companies face Californian wipe-out, say S&P, Moody’s Ratings agencies say the state’s bid to go 100% renewable poses a ‘significant threat’ to gas generators’ credit stability Newport Wedge, California (Photo: Tom Walker/Flickr) Gas companies in California face credit downgrades, ratings agencies say, after the state pledged to get all of its power from renewable […]

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Defiant Energy Policy of Mexico’s President-Elect Rattles Moody’s and Fitch

October 24, 2018

Defiant Energy Policy of Mexico’s President-Elect Rattles Moody’s and Fitch But it’s going to be tough; he’ll need more than luck to pull it off. Moody’s has rated the $2 billion of senior unsecured notes due 2029 that Mexico’s state-owned oil company Pemex is in the process of issuing one notch above junk. Pemex is offering […]

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Moody’s Cuts Italy’s Debt Rating To One Notch Above Junk

October 19, 2018

Moody’s Cuts Italy’s Debt Rating To One Notch Above Junk Five months after putting Italy on downgrade watch, Moody’s has seen enough and cut Italy’s debt rating to Baa3 – one notch above junk status. Moody’s Investors Service has today downgraded the Government of Italy’s local and foreign-currency issuer ratings to Baa3 from Baa2. The […]

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Economic Damage Wrought By Hurricane Florence Nearly 10 Times Worse Than Expected

September 23, 2018

Economic Damage Wrought By Hurricane Florence Nearly 10 Times Worse Than Expected Rivers in the Carolinas are still rising and North Carolina Gov. Roy Cooper has warned that it still isn’t safe for displaced residents to return to their property. But that hasn’t stopped Moody’s from releasing the first estimate of the economic damage wrought […]

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Moody’s: Illinois pension debt-to-revenue ratio hits all-time high for any state

September 1, 2018

Moody’s: Illinois pension debt-to-revenue ratio hits all-time high for any state According to a new report by Moody’s Investors Service, Illinois’ unfunded pension liabilities equaled 601 percent of state revenues in 2017, a U.S. record. Illinois’ pension debt has set a new record to which no state should aspire. Credit ratings agency Moody’s Investors Service […]

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‘Tipping Point’: These Charts Show Some of The Worst Currencies Of 2018

September 1, 2018

‘Tipping Point’: These Charts Show Some of The Worst Currencies Of 2018 Foreign currencies – especially the Emerging Markets – are having one of their worst years on record. And investor anxieties aren’t easing up. . . I wrote two weeks ago about the strong dollar and the chaos it’s creating for the Emerging Markets. […]

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It’s Just Starting: Moody’s Warns A Deluge Of Retail Bankruptcies Is Coming

It’s Just Starting: Moody’s Warns A Deluge Of Retail Bankruptcies Is Coming 2017 was a perfect storm for “brick and mortar” retailers who officially lost the war with Amazon, and no less than 30 retail chains filed for bankruptcy in a year in which the CEO of Urban Outfitters said the “retail bubble has now […]

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Moody’s Threatens US Downgrade Due To Soaring Debt, “Fiscal Deterioration”

February 9, 2018

Moody’s Threatens US Downgrade Due To Soaring Debt, “Fiscal Deterioration” Back in 2011, Standard & Poors’ shocked the world, and the Obama administration, when it dared to downgrade the US from its vaunted AAA rating, something that had never happened before (and led to the resignation of S&P’s CEO and a dramatic crackdown on the […]

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Moody’s Pegs Venezuela in “Deeper Phase” Of Financial Insolvency

February 8, 2018

Moody’s Pegs Venezuela in “Deeper Phase” Of Financial Insolvency Venezuela is now in a “deeper phase of economic stress,” Moody’s Investor Service said on Wednesday, according to The Oil and Gas Journal. Falling oil production and tough economic sanctions have increased pressures on the nation’s financial capacity. Mismanagement and underinvestment in the country’s oil and […]

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Hartford Could Default On Its Debt As Soon As Next Month, Moody’s Says

October 19, 2017

Hartford Could Default On Its Debt As Soon As Next Month, Moody’s Says Moody’s latest warning about Hartford Connecticut is its most dire yet. In a report issued Thursday, the ratings agency’s analysts said Hartford, Connecticut’s once-proud capital city, could default on its debt as soon as next month, forcing the capital of the country’s […]

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De-dollarization Not Now

October 11, 2017

De-dollarization Not Now USD-denominated debt outside the US hits record – even junk bonds. China announced today that it would sell $2 billion in government bonds denominated in US dollars. The offering will be China’s largest dollar-bond sale ever. The last time China sold dollar-bonds was in 2004. Investors around the globe are eager to […]

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Pound Flash Crashes After Moody’s Downgrades UK To Aa2

September 22, 2017

Pound Flash Crashes After Moody’s Downgrades UK To Aa2 In an otherwise boring day, when Theresa May failed to cause any major ripples with her much anticipated Brexit speech, moments ago it was Moody’s turn to stop out countless cable longs, when shortly after the US close, it downgraded the UK from Aa1 to Aa2, […]

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Angry China Slams Moodys For Using “Inappropriate Methodology”

Angry China Slams Moodys For Using “Inappropriate Methodology” The market may have long since moved on from Moody’s downgrade of China to A1 from Aa3 (by now even long-only funds have learned that in a world with $18 trillion in excess liquidity, the opinion of Moodys is even more irrelevant), but for Beijing the vendetta […]

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Yuan Tumbles As Moody’s Cuts China’s Credit Rating To A1, Warns “Financial Strength Will Worsen”

Yuan Tumbles As Moody’s Cuts China’s Credit Rating To A1, Warns “Financial Strength Will Worsen” Offshore Yuan tumbled as Moody’s cut China’s credit rating to A1 from Aa3, saying that the outlook for the country’s financial strength will worsen, with debt rising and economic growth slowing. This leaves the world’s hoped-for reflation engine rated below […]

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