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Moody’s: Municipal Bankruptcy Is Becoming A Popular Strategy In California
SACRAMENTO, Calif. (AP) — One of the nation’s top credit rating agencies said Friday that it expects more municipal bankruptcies and bond defaults in California, the nation’s largest issuer of municipal bonds. Moody’s Investors Service issued a...
- Posted 275 days ago
Moody’s Slashes Ratings Of 13 Italian Banks
Moody’s just downgraded a bunch of Italian banks. The move follows a cut in the Italian government’s long-term issuer rating last week. Italian banks had previously been downgraded in mid-May, as part of an international bank rating...
- Posted 307 days ago
Morgan Stanley’s Top Banking Analyst Sums Up Yesterday’s Moody’s Downgrades In Just One Sentence
On Thursday, markets tanked and bank stocks whipsawed on rumors that Moody’s would downgrade the world’s biggest banks. The media made a bing stink about it. However, many experts were taken surprised by the volatility since most...
- Posted 331 days ago