moodys

Sleeping Easy Despite Moody’s Downgrade Threat

Filed in BP, downgrade, economy, Gold, Lear, moodys, o, silver, US Credit by on January 14, 2011 0 Comments

Hmmn… There must have been change in the Matrix. We experienced a major deja vu this morning. It began when we read this headline from The Wall Street Journal: “S&P, Moody’s Warn on US Credit Rating.” “We have become increasingly clear,” the Journal quotes a Moody’s statement “about the fact that if there are not Sleeping Easy Despite Moody’s Downgrade Threat originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Moody’s (NYSE:MCO) Upgrades China’s Credit Citing Strong Economy

Moody’s (NYSE:MCO) upgraded China’s debt today from A1 to Aa3, saying the sound balance of payments and the strong economic performance of the company has found support and will continue on, generating a positive outlook for their credit. Moody’s senior vice president Tom Byrne noted, “The record of the past year demonstrates that China’s policy response to the 2008 crisis has been effective.

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Goldman (NYSE:GS) Economic Report Support Gold Price Moving Up

Almost everything reported concerning the U.S. economy today confirms the ongoing recession, and Goldman Sachs (NYSE:GS) believe there’s no doubt the Federal Reserve will inflate via quantitative easing, adding more support to gold, although that’s probably priced into the price of gold at this time. How much it’s priced in will be determined by what the Federal Reserve does and to what extent.

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The Irish Bank Bailout and Spain’s Downgrade

Filed in euro, moodys, New Gold, Spot Gold by on October 1, 2010 0 Comments
The Irish Bank Bailout and Spain’s Downgrade

Filed under: Economic Data , Financial Crisis Just when fears of a eurozone collapse faded from the front page, the news of an Irish bank bailout and of Spain’s credit rating downgrade reignited investor concerns, CNN Money reports. Ireland’s central bank had to bail out its Anglo Irish Bank to the tune of $40 billion. The bailout raises its staggering deficit from 11.75% to 32% in 2010, ten times higher that the European Union’s guidelines. “We hope to bring closure to this matter and that is what we have done today,” Finance Minister, Brian Lenhan said, Reuters reported. “Yes, of course these figures are horrendous but they can be managed over 10 years.” Continue reading The Irish Bank Bailout and Spain’s Downgrade The Irish Bank Bailout and Spain’s Downgrade originally appeared on BloggingStocks on Fri, 01 Oct 2010 11:30:00 EST. Please see our terms for use of feeds . Read | Read | Permalink | Email this | Comments

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KBW Research Initiates Coverage on Moody’s as a “Market Perform” (MCO)

Filed in dividend, earnings, Gold, Gold Investing, Gold Investment, moodys, shares by on September 2, 2010 0 Comments
KBW Research Initiates Coverage on Moody’s as a “Market Perform” (MCO)

Analysts at KBW Research on Thursday started coverage on credit ratings agency Moody’s Corporation ( MCO ) with a neautral “Market Perform” rating. The firm also set a $25 price target on the stock, which represents an expected 14% upside to its Wednesday closing price of $21.95. A KBW analyst commented, “We believe that Moody’s will continue to be an important player in U.S. and international capital markets. While its reputation has been tarnished by the financial crisis and regulatory agencies have focused on ways to constrain its influence, alternatives remain limited and its earnings power remains strong. We do believe that concerns regarding legal and regulatory issues will continue to pressure the stock.” Moody’s shares rose 10 cents, or +0.5%, in premarket trading Thursday. The Bottom Line We have avoided shares of MCO since our early June 2008 coverage began, when the stock was trading at $39.13. The company has a dividend yield of 1.91%, based on last night’s closing stock price of $21.95. The stock has technical support in the $18 price area. If the shares can rebound, we see overhead resistance around the $24 price level. We would remain on the sidelines for now. Moody’s Corporation ( MCO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Gold Futures Explode Upward as Portugal’s Sovereign Debt Rating Slashed by Moody’s (NYSE:MC)

Moody’s (NYSE:MC) did some surgery on the sovereign debt rating of Portugal today, taking the scalpel to the country by cutting the rating by two notches, reminding people the sovereign debt crisis in Europe remains, and is a threat to the global economy. Investors flocked to gold for safety, and gold prices today have already risen by $18.30, to $1,215.40. Portugal’s government bonds were cut

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Moody’s Cuts Portugal’s Sovereign Debt Rating

Moody’s Cuts Portugal’s Sovereign Debt Rating

Filed under: International Markets , Economic Data , Financial Crisis , Currency Moody’s Investors Service cut Portugal’s sovereign debt rating . In a statement from the agency, Anthony Thomas said: “The Portuguese government’s debt to gross domestic product and debt to revenues ratios have risen rapidly over the past two years.” Moody’s also questioned whether Portugal’s economic reforms will be sufficient to reverse the deterioration in the country’s debt metrics, especially in light of recent labor reforms. Portugal initiated a program to cut its budget deficit from 9.4% of GDP to 8.3% of GDP this year and to 2.8% of GDP in 2013. Moody’s expects the Portuguese economy to be flat to plus 0.5% and to rise to 1.5% in 2011. Continue reading Moody’s Cuts Portugal’s Sovereign Debt Rating Moody’s Cuts Portugal’s Sovereign Debt Rating originally appeared on BloggingStocks on Tue, 13 Jul 2010 08:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Moody’s Target, Estimates Lowered at Goldman Sachs (MCO)

Moody’s Target, Estimates Lowered at Goldman Sachs (MCO)

Credit ratings agency Moody’s Corporation ( MCO ) saw its earnings estimates and price target cut on Friday by analysts at Goldman Sachs. The firm said it now expects MCO shares, which had closed at $20.88 on Thursday, to reach $26. Goldman also lowered its estimates for the company, citing credit volatility in Europe, but maintained its “Neutral” rating. Moody’s shares were mostly flat in premarket trading Friday. The Bottom Line We have avoided shares of MCO since our early June 2008 coverage began, when the stock was trading at $39.13. The company has a dividend yield of 2.01%, based on last night’s closing stock price of $20.88. The stock has technical support in the $18 price area. If the shares can rebound, we see overhead resistance around the $24 price level.. We would remain on the sidelines for now. Moody’s Corporation ( MCO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Apocalypse Now for Moody’s?

Filed in euro, Gold Market, lead, moodys by on May 10, 2010 0 Comments

I love the smell of napalm in the morning… and today, it smells like victory. Moody’s was just hit with an SEC Wells notice… as the SEC considers a recommendation to start an administrative case and enter a cease and desist order against one of Wall Street’s most hated. And I must say… it couldn’t have happened to a more deserving company. The SEC is alleging “false and misleading” statements in Moody’s application to become a nationally recognized rating agency back in 2007, as reasons for the notice. At issue, according to a Moody’s filing, is the company’s 2007 statement that members of a European committee “engaged in conduct contrary to Moody’s Code of Professional Conduct.” The Moody’s filing fails to say with the committee members did, though. If Moody’s gets a cease and desist (which we’re hoping for), they’re screwed three ways from Sunday. Short away. Apocalypse Now for Moody’s? originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Moody’s Downgraded at Piper Jaffray; Shares Fall (MCO)

Filed in Gold, Gold Bullion prices, moodys, shares by on May 10, 2010 2 Comments
Moody’s Downgraded at Piper Jaffray; Shares Fall (MCO)

Credit ratings company Moody’s Corporation ( MCO ) saw its rating cut on Monday by analysts at Piper Jaffray, who cited a possible SEC action as hampering its near-term performance. The firm commented, “A potential SEC enforcement action against Moody’s is the latest threat to the company’s franchise and another factor that likely limits near-term upside in the shares…While we believe that over a 12-24 month period the regulatory/litigation uncertainty will prove manageable, until that resolution is achieved, it will be difficult for the shares to outperform the broader market.” Moody’s shares fell 90 cents, or -3.9%, in premarket trading Monday. The Bottom Line We have avoided shares of MCO since our early June coverage began last year, when the stock was trading at $39.13. The company has a dividend yield of 1.80%, based on Friday’s closing stock price of $23.36. The stock has technical support in the $19-$21 price area. If the shares can rebound, we see overhead resistance around the $26-$27 price levels. We would remain on the sidelines for now. Moody’s Corporation ( MCO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a

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Moody’s Warns of Contagion Risk to European Banks

Filed in Debt, euro, moodys, New Gold, shares, Spot Gold by on May 8, 2010 0 Comments
Moody’s Warns of Contagion Risk to European Banks

Filed under: Market Matters , Headline News , Financial Crisis , Currency With reference to the Greek debt crisis, Moody’s said: ” banking systems faced very real common threats if doubts were raised about their governments’ abilities to pay debts.” Moody’s was referring specifically to the UK, Irish, Italian, Portuguese and Spanish banking systems. Banks shares have fallen sharply across Europe. In France, Societe Generale ( SCGLY ) was the biggest loser, with its share price falling 7%. It holds $3.8 billion of Greek government debt. Continue reading Moody’s Warns of Contagion Risk to European Banks Moody’s Warns of Contagion Risk to European Banks originally appeared on BloggingStocks on Sat, 08 May 2010 09:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Galloping Gold – Bullion Analyst Anticipates £1000 Per Oz …

Filed in African Gold, Debt, Gold, Indonesian Gold, moodys by on May 6, 2010 0 Comments

Though a good day for gold , many stocks took a sound thrashing, the FTSE 100 was down on concerns from ratings agency Moodys that the Greek debt crisis could spread to the UK, threatening Britain’s vulnerable banking sector. …

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