Moody’s lowers US credit rating due to ongoing budget shortfalls
Moody’s Downgrades US Credit Rating Moody’s announced on Friday that it has downgraded the credit rating of the United States due to a persistent fiscal deficit, which is expected to worsen in the future. This downgrade shifts the US credit rating from AAA to AA1, marking one step down on Moody’s 21-notch scale. Interestingly, the […]
Moody’s downgrades DC credit rating
Moody’s rating announced this week that it is downgradening DC’s credit rating amid a wave of massive federal workforce cuts and hits on the local economy. Moody said New Report Downgrading the district’s issuer rating from AAA to AA1 is a blow to cities where local governments are likely to make it more expensive to […]
US fiscal health risks increase after Trump win: Moody’s
Ratings agency Moody's said the U.S.'s fiscal health is at higher risk given the election of Republican Donald Trump as the next president and the expected composition of Congress. U.S. budget deficits and government debt levels are expected to rise significantly under either candidate in the Nov. 5 election, according to multiple estimates, but Democrat […]
Hurricane Milton threatens 235,000 commercial properties, Moody’s estimates
Rep. Greg Steube, R-Florida, spoke about how his district is preparing for Hurricane Milton, and Rep. James Comer spoke about FEMA, the federal response to hurricane season, and FEMA funding for illegal immigrants. We are calling for a review of the use of . hurricane milton With just hours left until Florida hits, Moody's says […]
Hurricane Helene caused between $8B and $14B in private insured losses: Moody’s
Congressman Greg Murphy, RN.C. details the devastation caused by Hurricane Helen and the storm's impact on the upcoming presidential election. New damage estimate hurricane helen According to Moody's RMS Event Response, the firm estimates losses in the U.S. private insurance market at between $8 billion and $14 billion. Helen brought devastating flooding and storm surge […]
Moody’s cuts Mount Sinai Hospital credit rating near ‘junk’
A major ratings agency on Wednesday downgraded Mount Sinai Hospital’s credit rating to near “junk bond” levels, citing problems at the Beth Israel Hospital system, a major New York health care giant. Moody’s Investors Service cut Mount Sinai’s ratings to Baa3 from Baa1, the lowest investment-grade level but still above a so-called “junk” rating that […]
JetBlue downgraded by S&P and Moody’s amid $3B debt raise
See what’s clicking on FoxBusiness.com Ratings agencies S&P and Moody’s downgraded JetBlue Airways after the airline announced plans to raise more than $3 billion in debt, much of it through its loyalty program, TrueBlue. The New York-based company’s shares plummeted 19%. JetBlue plans to raise $1.5 billion through a private offering of senior secured notes […]
Former Moody’s executive admits he didn’t file taxes on $54M in income – NJ.com
A Morris County resident and former Moody’s senior vice president and in-house general counsel pleaded guilty Thursday to failing to file personal income taxes for four years, U.S. Attorney Philip R. Selinger announced Friday. John Goggins, 63, of Chatham, pleaded guilty to failing to file personal tax returns from 2018 to 2021. During this period, […]
Baltimore bridge collapse poses ‘temporary risk’ to local, state economies: Moody’s
The impact of Baltimore’s Francis Scott Key Bridge disaster on the local economy and government is “difficult to understand,” said tax expert and CEO Niko Spiridonos. The spectacular collapse of Baltimore’s Francis Scott Key Bridge last week may pose a temporary economic threat. Local and state economiesaccording to Moody’s. Moody’s said in a new analyst […]
Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again – CNBC
The downgrade could result in contractual obligations for NYCB’s counterparties to require the bank to maintain an investment-grade deposit rating, according to analysts who track the company. Consumer deposits with FDIC-insured banks are covered up to $250,000. NYCB is in the midst of a steep decline in its stock price that began a month ago […]