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

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

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

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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Olduvai IV: Courage
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Olduvai II: Exodus
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