Tag: moody’s

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China Gets A Down Grade

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the staff of the Ridgewood blog

Ridgewood NJ, Moody’s issued a warning on China’s credit rating, indicating concerns about the economic impact of bailing out local governments and state-owned enterprises, as well as managing the property crisis in the world’s second-largest economy. The credit rating agency downgraded the ‘outlook’ on China’s A1 debt rating from “stable” to “negative” within a month of a similar move for the United States. Historically, approximately one-third of issuers have experienced downgrades within 18 months of a negative rating outlook.

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Moody’s downgraded the outlook on the U.S. credit rating from “stable” to “negative”

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the staff of the Ridgewood blog

Ridgewood NJ, on Friday, Moody’s downgraded the outlook on the U.S. credit rating from “stable” to “negative,” attributing the shift to substantial fiscal deficits and a decline in debt affordability. This decision prompted immediate criticism from President Joe Biden’s administration.

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Moody’s Downgrades Ratings of 10 U.S. Banks

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the staff of the Ridgewood blog

Ridgewood NJ, bank stocks continue to face a crisis of confidence , on Tuesday after Moody’s Investors Service announced it had downgraded 10 small and midsize American lenders, and that it may do the same with a handful of major firms. Higher funding costs, potential regulatory capital weaknesses and rising risks tied to commercial real estate are among the strains that prompted a review, Moody’s said.

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Moody’s: More N.J. casinos would hurt Atlantic City

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Expanding gaming to North Jersey could force more casinos to close in Atlantic City, Moody’s Investors Service warned Wednesday, adding that such a result would increase the likelihood that the ratings agency would downgrade the resort town’s credit. Andrew Seidman, Inquirer Read more

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Moody’s says N.J. pension fund shows severity of credit status

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Moody’s says N.J. pension fund shows severity of credit status

DECEMBER 3, 2014, 2:20 PM    LAST UPDATED: WEDNESDAY, DECEMBER 3, 2014, 2:20 PM
ASSOCIATED PRESS

TRENTON  — A rating agency says New Jersey’s unfunded pension liabilities show the severity of the state’s credit circumstances.

Moody’s finding comes after the state’s recent announcement that public pension liabilities nearly doubled to $83 million, due to new accounting rules.

The agency laid out its concerns in a report released this week. Among the concerns it raises are the possible depletion of public worker and teacher pension funds by 2024 and 2027, respectively.

Despite the concern, Moody’s says the new liability figure is in line with its own calculations.

Moody’s says it has downgraded the state’s credit rating twice, in part due to the pension fund.

https://www.northjersey.com/news/moody-s-says-n-j-pension-fund-shows-severity-of-credit-status-1.1145420