Moodys

A sign is pictured above a branch of New York Community Bank in Yonkers, New York, on Jan. 31, 2024.Mike Segar | ReutersRegional lender New York Community Bank may have to pay more to retain deposits after one of the company's key ratings was slashed for the second time in a month.Late Friday, Moody's Investors Service cut the deposit rating of NYCB's main banking subsidiary by four notches, to Ba3 from Baa2, putting it three levels below investment grade. That followed a two-notch cut from Moody's in early February.The…

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | ReutersNew York Community Bank's shares continued their downward spiral Wednesday after Moody's Investors Service cut the firm's credit rating two notches to junk status.NYCB shares fell about 3%, trimming earlier losses of around 10%, in premarket trading. That followed a 22% decline Tuesday.The regional bank has been in freefall since reporting a surprise loss last week, along with mounting losses…

Telecom stocks have sagged under heavy debt and concerns about slowing growth. Telecom stocks have sagged under heavy debt and concerns about slowing growth. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

Some traders are sheltering in debt from Microsoft and J&J. Some traders are sheltering in debt from Microsoft and J&J. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please…

Analytics Insight has listed the top 10 current cryptocurrency prices for May 10, 2023 Goldman Sachs Group Inc., Microsoft Corp., Deloitte Touche Tohmatsu Ltd., Moody’s Corp., and other institutions are collaborating with Digital Asset, a New York-based fintech business, to create the Canton Network. Analytics Insight has listed the top 10 current cryptocurrency prices as of May 10, 2023.   Bitcoin- US$27,663.66 (Up by 0.41%) Ethereum- US$1, 842.02 (Up by 1.75%)    Tether- US$1.00 (Down by 0.03%) BNB- US$312.89 (Down by…

Nigeria’s Minister of Finance, Zainab Ahmed, on Thursday disagreed with ratings agency Moody’s downgrade of Nigeria’s sovereign rating to Caa1 from B3. The minister, who expressed ‘surprise’ at the development, noted that the government has started taking actions to resolve issues raised by Moody’s. “Moody’s downgrade came as a surprise to us because we had presented all the work that we have been doing to stabilise the economy,” Mrs Ahmed said in Abuja. “But these are external rating agencies that don’t have…

Atiku Abubakar, the candidate of the Peoples Democratic Party (PDP) in the forthcoming presidential election, on Monday blamed the Muhammadu Buhari administration for the recent downgrade of the nation’s credit rating. Mr Abubakar said he would steer away the course of the Nigerian economy from the gloomy direction it is headed towards a robust fiscal sustainability. The former Nigerian vice president made the disclosure in a statement seen by PREMIUM TIMES in reaction to Friday’s downgrade of Nigerian…

Moody’s Investors Service has downgraded Nigeria’s rating further as the global credit ratings agency expects the government’s fiscal and debt position to worsen as the government grapples with far-reaching fiscal strain. As the nation’s capacity to weather the storm remains eroded by deep-seated institutional vulnerabilities and social challenges, the agency now rates the country a level lower at Caa1, sinking Nigeria deeper into its non-investment grade from the country’s previous and worrisome rating of B3.…

<!----> The new Artura is a PHEV Moody’s Investors Service has changed its outlook for McLaren Holdings to negative from stable. The supercar maker was reported at the weekend to have opened talks with existing shareholders, including the sovereign wealth funds of Bahrain and Saudi…

Moody’s Investors Service has placed on review for downgrade the long-term deposit ratings, as well as long-term issuer and senior unsecured debt ratings, where applicable, of the following nine Nigerian banks. The banks are Access Bank, Zenith Bank, First Bank, United Bank for Africa Plc, Guaranty Trust Bank Limited, Union Bank of Nigeria, Fidelity Bank, First City Monument Bank and Sterling Bank Plc. The credit rating agency said its decision to place the long-term ratings of the banks on review for downgrade…