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 mortgage-backed securities meltdown whose effects still haunt our economy sprang from a simple cause: The rules of the game gave big incentives to every player involved to ignore the problems and keep collecting their fees….
The government of British Prime Minister David Cameron won a key vote of confidence from the financial community Monday when Moody’s Investors Services announced that it would continue to apply a AAA rating to the country’s deb…
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…
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Moodys: U.K. Credit Rating Is Safe originally appeared on DailyFinance on Mon, 20 Sep 2010 08:26:00.