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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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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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With Over $13 Trillion In Negative-Yielding Debt, This Is The Pain A 1% Spike In Rates Would Inflict

With Over $13 Trillion In Negative-Yielding Debt, This Is The Pain A 1% Spike In Rates Would Inflict Friday’s unprecedented surge to all time highs in both stock and treasury prices, has got analysts everywhere scratching their heads: which is causing which, and what happens if there is a violent snapback in yields like for […]

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Puerto Rico Says Will Default Tomorrow, Begs Congress For Help “Or Else Crisis Will Get Worse”

Puerto Rico Says Will Default Tomorrow, Begs Congress For Help “Or Else Crisis Will Get Worse” Update: PR Governor Padilla has spoken… *PUERTO RICO GOVERNOR SAYS WON’T PAY DEBT TOMORROW *PUERTO RICO GOVERNOR SAYS ISLAND WON’T PAY DEBT MONDAY *PUERTO RICO GOVERNOR: GOVERNMENT SIGNED MORATORIUM BILL YESTERD *PUERTO RICO NEEDS DEAL W/ CREDITORS AND/OR CONGRESS: GARCIA […]

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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 […]

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Chesapeake’s AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls

February 26, 2016

Chesapeake’s AIG Moment: Energy Giant Faces $1 Billion In Collateral Calls Back on February 10, when looking at Carl Icahn’s darling Chesapeake, whose stock had plunged to effectively record lows on imminent bankruptcy concerns, we said that for anyone brave enough to take the plunge, the “Trade of the Year” would be to go long a specific bond, […]

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Brazil Cut To Junk By All Three Ratings Agencies After Moody’s Joins The Fray

February 24, 2016

Brazil Cut To Junk By All Three Ratings Agencies After Moody’s Joins The Fray Back in December we warned that Brazil faced a “disastrous downgrade debacle” that would eventually see the beleaguered South American nation cut to junk by all three major ratings agencies. S&P had already thrown the country into the junk bin and […]

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These Are The Two Canadian Banks Most Exposed To A Severe Oil Shock According To Moody’s

February 22, 2016

These Are The Two Canadian Banks Most Exposed To A Severe Oil Shock According To Moody’s Two weeks ago we asked if, in the aftermath of the dramatic selloff suffered by European banks over commodity exposure concerns, whether Canadian banks would not be next in line. The reason was that according to an RBC report, while […]

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S&P Downgrades Saudi Arabia For Second Time In 4 Months, Also Cuts Oman, Bahrain

February 17, 2016

S&P Downgrades Saudi Arabia For Second Time In 4 Months, Also Cuts Oman, Bahrain For the second time in four months, S&P has downgraded Saudi Arabia. In late October, the ratings agency flagged sharply lower oil prices and the attendant fiscal deficit (16% in 2015) on the way to cutting the kingdom to A+ outlook […]

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After The European Bank Bloodbath, Is Canada Next?

February 8, 2016

After The European Bank Bloodbath, Is Canada Next? Back in the summer of 2011, when we reported that Canadian banks appear dangerously undercapitalized on a tangible common equity basis… … the highest Canadian media instance, the Globe and Mail decided to take us to task. To wit: Were the folks at Zerohedge.com looking at the best numbers […]

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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 […]

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Mexico Faces Its Biggest Corporate Default In Two Decades As Construction Giant Misses Bond Payment

December 3, 2015

Mexico Faces Its Biggest Corporate Default In Two Decades As Construction Giant Misses Bond Payment Back in August, we said that “Something Is Very Wrong At Mexico’s Largest Construction Company…“ “Let’s say, for argument’s sake, that you’re a big company in an emerging market and suddenly, a commodities crash for the ages and a “surprise” […]

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“On The Cusp Of A Staggering Default Wave”: Energy Intelligence Issues Apocalyptic Warning For The Energy Sector

November 28, 2015

“On The Cusp Of A Staggering Default Wave”: Energy Intelligence Issues Apocalyptic Warning For The Energy Sector The Energy Intelligence news and analysis creator and aggregator is not one to haphazradly throw around hyperbolic claims and forecasts. So when it gets downright apocalyptic, as it did this week in a report titled “Is Debt Bomb About to […]

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It’s Just Not Saudi Arabia’s Year: First Oil Prices, Now This…

November 4, 2015

It’s Just Not Saudi Arabia’s Year: First Oil Prices, Now This… Last week, in the latest sign of Saudi Arabia’s deteriorating financial condition, S&P downgraded the kingdom to AA- negative citing “lower for longer” crude and the attendant ballooning fiscal deficit. To be sure, we’ve covered the story extensively and it was almost exactly one […]

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