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Moodys

Rep. Franks: Maybe Metra's Clifford broke law?

Matthew Dietrich | Posted 09.18.2013 | Chicago
Matthew Dietrich

IT'S ALL IN THE BERRIOS FAMILY CIRCLE Cook County taxpayers got dinged this week by county Assessor Joe Berrios as they will foot the $500,000 bill fo...

Ex Metra CEO: Speaker Madigan has "moral character flaw"

Matthew Dietrich | Posted 09.17.2013 | Chicago
Matthew Dietrich

WHO'S GOT THE "MORAL CHARACTER FLAW?" Ex Metra CEO Alex Clifford says House Speaker Michael Madigan has that big character deficit. Wait, who? Only hi...

How Ratings Agencies Helped Trigger The Financial Crisis

Rolling Stone | Posted 06.23.2013 | Business

It's long been suspected that ratings agencies like Moody's and Standard & Poor's helped trigger the meltdown. A new trove of embarrassing documents s...

Greece's Dilemma: Too Much Austerity and Too Many Demons

Daniel Wagner | Posted 08.18.2013 | World
Daniel Wagner

Greece continues to operate under a client-based political system that nurtures a nepotistic and bloated bureaucracy -- even after five years of crisis and cutbacks.

Detroit's Bond Ratings Take Another Hit

Reuters | Posted 08.13.2013 | Detroit

June 13 (Reuters) - Moody's Investors Service on Thursday pushed the credit ratings on nearly $8.4 billion of Detroit bonds deeper into the junk cat...

Moody's Gets Faddish on Public Pensions

Dean Baker | Posted 07.07.2013 | Business
Dean Baker

The bond-rating agency Moody's made itself famous for giving subprime mortgage backed securities triple-A ratings at the peak of the housing bubble. Well, Moody's is back. They announced plans to change the way they treat pension obligations in assessing state and local government debt.

Does The Philippines Deserve Its Investment Grade?

Edsel Tupaz | Posted 07.07.2013 | World
Edsel Tupaz

Much will depend on what happens after President Aquino leaves office in three years time. Will his reformist legacy continue, or will the country slide back into its old ways?

Does The Philippines Deserve Its Investment Grade?

Edsel Tupaz | Posted 07.07.2013 | World
Edsel Tupaz

Over the past decade the Philippines' sovereign credit rating oscillated between "negative" and "stable," reflecting concern about the ability of the government to collect sufficient tax revenue, manage its budget, and sustain a high rate of GDP growth.

Unlucky Number 13: Is Slovenia Next in Line for a Bailout?

Luka Orešković | Posted 07.02.2013 | Business
Luka Orešković

While some hope of a miracle occurring in the coming months remains, so does the question of whether the new Slovenian government is willing to invest enough political capital to push through the necessary reforms before the capital markets decide to lock Slovenia out once again.

Britain Heads For Third Recession In 4 Years

Reuters | Olesya Dmitracova and William Schomberg | Posted 03.01.2013 | Business

LONDON, March 1 (Reuters) - The risk that Britain is entering its third recession in four years grew on Friday with figures showing that manufacturing...

The S&P Lawsuit Shouldn't Leave Investors Feeling Too Moody

Justin Cash | Posted 04.22.2013 | Business
Justin Cash

Animosity towards ratings agencies has resulted in the widespread distrust of their predictive capacities on the part of many in the world of finance. At best, many investors now see the ratings given by S&P et al. as meaningless posturing, and at worst as complete untruths.

Moody's May Face Lawsuit Too, Sources Say

Reuters | Posted 02.07.2013 | Business

By Aruna Viswanatha and Luciana Lopez (Reuters) - The Justice Department and multiple states are discussing also suing Moody's Corp for defrauding...

Downgraded: Why S&P Should Admit its Mistake

Sanjay Sanghoee | Posted 04.09.2013 | Business
Sanjay Sanghoee

Only then, once it has made sincere amends to the country for its deplorable actions, can it lift itself up from the muck it sank into, and regain its honor.

Buffett May Have Just Lost $300 Million

The Huffington Post | Bonnie Kavoussi | Posted 02.06.2013 | Business

Warren Buffett claims to follow his advice to "never invest in a business you cannot understand." But a few years ago, the billionaire investor ad...

Ben Hallman

Wall Street Ratings Agencies Hold Weak Defense Against Financial Crisis Lawsuit

HuffingtonPost.com | Ben Hallman | Posted 02.05.2013 | Business

For nearly four years, credit rating agencies like Standard & Poor's have tried to use the First Amendment as a shield against angry investors who hav...

Moody's: Aurora Shooting Lawsuits Put CU Denver's Credit At Risk

Reuters | Posted 03.27.2013 | Denver

WASHINGTON, Jan 24 (Reuters) - Shootings and other acts of violence are becoming credit risks for U.S. institutions, with fallout from the July 20 m...

10 Ideas for Scaling Impact Investing

Ben Thornley | Posted 06.11.2013 | Impact
Ben Thornley

The work to grow impact investing into an established category of mainstream investment remains very deliberate.

Zach Carter

Fiscal Cliff Primer: Can America Default On Its Debt?

HuffingtonPost.com | Zach Carter | Posted 11.21.2012 | Politics

No.* *We explain in the video above....

This Just In: Credit-Rating Agencies Still Plagued By Incompetency

Mark Gongloff | Posted 01.16.2013 | Business
Mark Gongloff

The credit-rating agencies are like a miserable long-term relationship: You desperately want to end it, but can't imagine life without it.

Household Debt Hits New Low

The Huffington Post | Catherine New | Posted 10.15.2012 | Money

American households have gotten their financial footing back when it comes to debt and that could help the economy recover faster, economists say. ...

Chicago School Credit Rating Cut After Teachers Strike

Reuters | Posted 11.27.2012 | Education

Sept 27 (Reuters) - The credit rating for the Chicago Board of Education was cut to A2 from A1 by Moody's Investors Service on Thursday, which cited...

Moody's in a Mood

Robert Reich | Posted 11.12.2012 | Business
Robert Reich

Apparently the credit rating agencies can't decide which is more dangerous to the U.S. economy -- cutting the U.S. budget deficit too quickly, or not having a plan to cut it at all.

Moody's: Living in Cloud Cuckoo Land

Rep. Alan Grayson | Posted 11.12.2012 | Business
Rep. Alan Grayson

Moody's, like the rest of Wall Street, very much wants the Bush tax breaks for the rich extended. If we do jump off the so-called "fiscal cliff," then the Bush tax breaks end. So Moody's is playing the downgrade card, fear-mongering, to try to prevent that.

Major Credit Rating Agency Delivers EU Warning

Reuters | Posted 11.03.2012 | Business

SYDNEY, Sept 4 (Reuters) - Moody's Investors Service has changed its outlook on the Aaa rating of the European Union to negative, warning it might d...

Report: Rating Agency Drastically Underreporting Muni Defaults

The Washington Post | Danielle Douglas | Posted 08.16.2012 | Business

Defaults on municipal bonds for decades have been far higher than reported by rating agencies, bringing into question the true risk of a common invest...