There were rumors of a downgrade but Moody’s kept France’s Aa1 rating but also kept its negative outlook. There might be a chance to buy the euro here with the market still open but 99% of people gone home. Sees … Continue reading
Not to be outdone by the US, the UK puts a cherry on top of a great day with an affirmed rating from Moody’s.
Brazil has entered a technical recession two weeks ago and the credit ratings agencies are finally beginning to take notice. Then again, two weeks behind the curve is about the best you can hope for from a ratings agency.
Headline via Reuters: Moody’s downgrades Western Australia’s rating to AA1 from AAA, outlook changed to stable
Moody’s: Australian non-conforming loans are higher quality than pre-2008 US and UK equivalents Headlines via Reuters
France’s fiscal shortfall and revisions illustrate the continuing challenges facing the euro area Rigidities in product markets and costly regulatory requirements for firms also put downward pressure on France’s growth prospects Moody’s casting their judgment on the fact that France … Continue reading
Moody’s: Australian banking system outlook remains stable on continued economic growth Headline via Reuters – More added: Outlook for Australian banking system remains stable Reflects expectation of sustained economic growth and stable asset quality over the next 12-18 months Banks … Continue reading