Latest Moody'S Items
  • Livingston expects lower legal fees

    Officials say Livingston Parish should save about $100,000 in legal fees for 2014 after officials restructured the way the parish legal adviser gets paid.

  • Kansas school ruling noted by credit rater Moody's

    A leading credit rating firm says a recent Kansas Supreme Court ruling on school funding was a "negative" event that puts even more pressure on the state's ability to pay its debts.

  • Speedskaters from various countries train at the Adler Arena Skating Center during the 2014 Winter Olympics in Sochi, Russia, Wednesday, Feb. 5, 2014. (AP Photo/Matt Dunham)

    Rating agency warns over financial legacy of Sochi

    A major international ratings agency expects the local government in Sochi, Russia, to struggle with the cost of maintaining the Olympic venues despite massive state investment.

  • ** FILE ** Britain's Queen Elizabeth II arrives for a Service of Thanksgiving in St. Macartin's Cathedral in Enniskillen, Northern Ireland, on Tuesday, June 26, 2012, as part of the celebration of her 60 years on the throne. (AP Photo/Peter Morrison)

    Britain loses AAA credit rating

    Britain on Friday became the latest major developed country to lose its top AAA credit rating, following a downgrade issued by Fitch, a London-based ratings agency.

  • Illustration: Spending champ

    GHEI: The British slide

    Moody's decision last week to downgrade Great Britain's credit rating surprised no one, including the markets, which largely shrugged the news off. The credit-rating agency arrived late to the party, just as it did in the United States and in several of the eurozone's distressed countries.

  • **FILE** George Osborne, Britain's Chancellor of the Exchequer, talks prior to the launch of the Economic Survey of the United Kingdom, by Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), at the Treasury in central London on Feb. 6, 2013. (Associated Press)

    U.K. vows to 'redouble its efforts' to tackle debt

    A top U.K. official has answered a Moody's downgrade of its AAA credit rating with a vow to double down on efforts to tackle debt.

  • The floor of the New York Stock Exchange was without traders Monday as the market closed for the first time since the days after the terrorist attacks of Sept. 11, 2001. If the NYSE remains closed Tuesday, it would be the first two-day shutdown for the exchange due to weather since 1888. (Associated Press)

    Sandy takes swipe at nation’s wallet

    Wall Street stock markets and Atlantic City casinos shut down, hundreds of flights were canceled, and numerous companies postponed earnings announcements. The short-term economic impacts of Hurricane Sandy were already evident by Monday evening, but the ultimate bill for the struggling nation's economy could take a while to add up.

  • China's currency reforms may make 'get tough' promise moot

    Presidential candidates of both parties like to score points with voters by promising to get tough with China, but recent evidence suggests that currency reforms quietly adopted by the Asian giant since 2005 have come close to eliminating the biggest trade distortion and bone of contention between the two countries.

  • Economy Briefs: European Union’s credit rating outlook downgraded by Moody’s

    Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected the negative outlooks of the bloc's key budget contributors.

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