#Britain’s economic down to ‘negative’ amid political turmoil: Moody’s

Admin4 years ago02 mins

“Britain’s economic down to ‘negative’ amid political turmoil: Moody’s” The chaos within the British government in the wake of the sudden resignation of former Prime Minister Liz Truss has dealt a blow to the nation’s economic prospects. Moody’s, the internationally respected investor rating agency, downgraded the UK’s economic outlook to “negative” from “stable” on Friday….

#Russia on verge of default after making payments in rubles, Moody’s warns

Admin4 years ago04 mins

“Russia on verge of default after making payments in rubles, Moody’s warns” A leading credit agency warned Friday that Russia is on the verge of defaulting on its debt obligations — the latest sign that escalating Western sanctions over the Ukraine war could do lasting damage to the Russian economy. Russia violated the terms of…

#Moody’s upgrades restaurant industry, cites ‘stable outlook’

Admin6 years ago03 mins

“#Moody’s upgrades restaurant industry, cites ‘stable outlook’” The battered restaurant industry appears to be waking up from its coronavirus-induced coma, an influential debt ratings agency has found. Moody’s Investor Services on Monday boosted its rating for the struggling industry to “stable” from “negative,” citing customers’ increasing willingness to dine out. The rating agency said its…

#De Blasio’s small steps aren’t enough to fix NYC’s fiscal woes

Admin6 years ago07 mins

“#De Blasio’s small steps aren’t enough to fix NYC’s fiscal woes” Last week, the Moody’s agency slashed the credit rating on New York City’s debt. Just like with your credit score, the lower it goes, the higher an interest rate the city pays, putting us further in the hole. Gotham owes $116.1 billion in various…