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Category: Moodys

  • Moody’s: Ceasefire could halt slide in Israel’s rating

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    Investor Empires

    International credit rating agency Moody’s says the ceasefire agreement that entered into force between Israel and Hamas reduces the immediate risks to the Israeli economy, but the agency stresses that more significant progress will have to be achieved to ensure long-term stability. The update comes four months after the agency…

  • Moody’s: Ceasefire could halt slide in Israel’s rating

    •

    Investor Empires

    International credit rating agency Moody’s says the ceasefire agreement that entered into force between Israel and Hamas reduces the immediate risks to the Israeli economy, but the agency stresses that more significant progress will have to be achieved to ensure long-term stability. The update comes four months after the agency…

  • Moody’s warns car finance scandal could cost lenders £30bn

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    Investor Empires

    A growing scandal over mis-sold car financing could leave lenders facing compensation bills of up to £30bn, according to a warning from leading credit rating agency Moody’s. This estimate is the highest to date and raises concerns that the issue may mirror the Payment Protection Insurance (PPI) debacle, which ultimately…

  • Smotrich on Moody’s downgrade: Israel’s economy is strong

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    Investor Empires

    Finance Minister Bezalel Smotrich gave an initial reaction last night to the downgrade of Israel’s sovereign rating by Moody’s to Baa1. In his statement, Bezalel tries to soften the blow, promising to pass the budget, hinting at planned austerity measures, perhaps in an attempt to send a signal to other…

  • Moody’s: Lack of war exit strategy weighed on Israel’s rating

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    Investor Empires

    After downgrading Israel’s credit rating last Friday, international rating agency Moody’s held a webinar for investors yesterday to explain the decision. Kathryn Muelbrunner, Moody’s Senior Vice President of Sovereign Risk Group, led the discussion and presented the considerations that led to a two-notch downgrade of Israel’s credit rating to Baa1,…

  • Moody’s cuts Israel’s rating by two notches

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    Investor Empires

    The International Credit Classification Agency has issued a harsh report on the classification of the Israeli economy, announcing in an exceptional move that it reduced the country’s rating by two degrees from A2 to BAA1, with a negative future look. The new classification places Israel equally with countries such as…

  • Moody’s warns of rating consequences of escalation

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    Investor Empires

    Commenting on the security situation in Israel and its impact on the country’s sovereign rating, Moody’s, the global credit rating agency, said yesterday that the exchange of fire between Israel and Hezbollah on Sunday represents an escalation, but the economic and human costs remain limited and in line with the…

  • Moody’s downgrades Kenya after rejection of Ruto’s Finance Bill 2024

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    Investor Empires

    Global rating agency Moody’s on Tuesday downgraded Kenya’s credit rating, citing the country’s inability to implement austerity measures due to the withdrawal of the unpopular Finance Bill 2024. The downgrade means Kenya’s local and foreign currency debt obligations have moved further into junk territory, from ‘B3’ to ‘Caa1’. A junk…

  • Moody’s Drops Bombshell On Crypto Industry Amid High Interest Rate Cuts

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    Investor Empires

    Moody’s Analytics Chief Economist Mark Zandi gave his opinion on a possible interest rate cut ahead of the meeting US Federal Reserve decision. The cryptocurrency community is closely monitoring this event, given how it will impact the cryptocurrency market. The US Federal Reserve should lower interest rates Zandi mentioned during…

  • Moody’s leaves its Israel rating unchanged

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    bitlyfool

    Late Friday, credit ratings agency Moody’s issued an update on Israel, leaving the Israeli government’s foreign and local currency ratings and negative outlooks unchanged, with a negative outlook. In its reasons for its negative rating outlook, Moody’s says: “The risk of escalation into an outright military conflict between Israel and…