TEL AVIV, Israel — Israel’s finance minister on Sunday slammed the decision by financial ratings agency Moody’s to downgrade Israel’s credit rating, saying the announcement is a “political manifesto” that “did not include serious economic claims.” Moody’s dropped the rating on Israel’s debt on Friday, warning that the ongoing war in Gaza and a possible … Read more
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank’s shares whipsawed between losses and gains early Wednesday after Moody’s Investors Service downgraded the bank’s credit ratings two notches to junk. NYCB shares fell 2.8%, reversing earlier … Read more
Chinese yuan cash bills and chinese flag (money, economy, finance, inflation, crisis) Javier Ghersi | Moment | Getty Images Ratings agency Moody’s downgraded its outlook on China’s government credit ratings to negative from stable, expecting Beijing’s support and possible bailouts for distressed local governments and state-owned enterprises to diminish China’s fiscal, economic and institutional strength. … Read more
STORY: Moody’s cut its outlook on China’s government credit ratings on Tuesday (December 5). The ratings agency downgraded it from stable to negative. It reflects global worries about China’s economy. Moody’s said it sees growing evidence Chinese authorities will need to give more financial support for debt-laden local governments and state firms. That in turn, … Read more
Traders work on the floor of the New York Stock exchange during morning trading on November 10, 2023 in New York City. Michael M. Santiago | Getty Images There was a time when bad news about U.S. debt would send markets into a tailspin, but not this month. Markets on Monday shrugged at a warning … Read more
The White House is seen at dusk on September 30, 2023 in Washington, DC. Samuel Corum | Getty Images Moody’s Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength. The ratings agency has affirmed the long-term issuer and … Read more
An aerial view exhibits the Central Financial institution of India constructing, in Mumbai, India, 28 September, 2022. (Picture by Niharika Kulkarni/NurPhoto by way of Getty Photographs) Nurphoto | Nurphoto | Getty Photographs The worldwide economic system is ready to decelerate as inflation stays stickier than anticipated — however there could also be some “pockets of … Read more
Cryptocurrencies rose broadly on Tuesday in opposition with the inventory market after the scores company Moody’s put the U.S. banking sector on watch. Bitcoin superior about 2.5% and was final buying and selling at $29,785.88, based on Coin Metrics. The worth of the flagship cryptocurrency failed to maneuver greater than 1% in both path for … Read more