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Latest Moody'S Items
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.
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.
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.
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.
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.
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.
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.
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.
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.