Meredith Whitney, an analyst who rose to fame as one of the few people who predicted the financial crisis ahead of time, now plans to from a new credit agency, the Financial Times reports.
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A day after Moody’s Investors Service announced it was putting Ireland under review for a possible downgrade, Fitch Ratings lowered the country’s credit grade to A+ from AA-. Fitch’s downgrade was prompted by the Irish government’s announcement last we…
Less than a week after downgrading Spain’s credit rating, Moody’s Investors Service warned it might cut Ireland’s credit rating as well. Moody’s said its decision to review Ireland’s rating was prompted by the government’s announcement last week that i…
The U.K.’s triple-A credit rating is safe, thanks to the government’s austerity measures and a flexible economy, rating agency Moody’s said. The rating agency said the government’s deficit-reduction measures, continued economic growth and the long maturity profile of the country’s debt all support the credit rating, Reuters reported.
Britain’s economy faces obstacles including…
Continue reading Moodys: U.K. Credit Rating Is Safe
Moodys: U.K. Credit Rating Is Safe originally appeared on DailyFinance on Mon, 20 Sep 2010 08:26:00.
Warren Buffett continued to sell his stake in Moody’s, the credit ratings agency faulted for contributing to the financial crisis because of the rating it issued to new and complex high-risk investments during the height of the…