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New B.C. tax on foreign homebuyers will help Canadian banks: Moody's

Financial Post - ‎Jul 27, 2016‎
The British Columbia government's move to slap a 15 per cent tax on foreign homebuyers in Vancouver is positive for the country's biggest mortgage lenders, Moody's Investors Service said Wednesday. “This land transfer tax is credit positive for ...
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Turkey finance minister says had positive meeting with Moody's

Reuters UK - ‎11 hours ago‎
ANKARA Turkey had a positive meeting with Moody's and the ratings agency "appreciates" the government's fiscal discipline, Finance Minister Naci Agbal told Reuters in an interview on Thursday.
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NBN to leave Telstra with an earnings gap: Moody's

ZDNet - ‎17 hours ago‎
Telstra will be challenged to replace all earnings lost to the National Broadband Network (NBN) when the rollout of it is completed, according to credit ratings agency Moody's. Moody's said Telstra will remain Australia's biggest telco but will need to ...

Moody's: Industry turmoil to test Asian ports for next two years - ‎13 hours ago‎
"While the rated port operators in Asia have scope for cost cuts and are generally supported by their dominant market position, their resilience is being tested by these challenging operating conditions," Ray Tay, a Moody's vice-president and senior ...

Moody's upgrades to A2 New Jersey Turnpike revenue bonds; $10.8 billion affected (press release) (subscription) - ‎22 hours ago‎
Moody's Investors Service has upgraded to A2 from A3 the New Jersey Turnpike Authority's (NJTA) revenue bonds. The rating outlook is stable.
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China's debt problem may be worse than expected, Moody's warns

CNBC - ‎Jul 26, 2016‎
"The growth in overall leverage may be understated, because some of the fastest growing components of shadow banking are not included in TSF (total social financing)," said Michael Taylor, Moody's chief credit officer for Asia Pacific. The credit ...
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Moody's: Atlantic City likely to default Monday without loan - ‎Jul 27, 2016‎
ATLANTIC CITY, N.J. - Atlantic City is likely to default on $3.4 million worth of debt - and become more likely to go bankrupt - if a loan promised by the state isn't received by Monday, a Wall Street firm said.
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Moody's calls for energy executive salaries to reward value preservation rather than growth

Financial Post - ‎Jul 21, 2016‎
CALGARY - Executive compensation in the oil and gas industry is heavily pegged to achieving growth, but Moody's Investors Services says the model is outdated given the sector's “pessimistic” outlook and needs an overhaul.

Moody's sees deposit return in local credit system

Kathimerini - ‎5 hours ago‎
Moody's rating agency forecast in its Credit Outlook report published on Thursday that Greek banks will attract more deposits after the easing of capital controls, set to apply fully from Monday, August 1. “The new measures will likely encourage ...
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Moody's: Asset managers' active underperformance and new regulation drive shift toward passive investing strategies ... (press release) (subscription) - ‎Jul 25, 2016‎
New York, July 25, 2016 -- Consistent net outflows globally from traditional actively managed mutual funds into lower-fee passive investment products are gathering steam and impacting the credit profiles of asset managers, says Moody's Investors Service.
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Green bond issuances to top $75 bn in 2016: Moody's

Economic Times - ‎16 hours ago‎
"The global green bond market is now poised to reach $75 billion in total volume for 2016 and so set a new record for the fifth consecutive year, given the strong issuance already observable in the first two weeks of third quarter," Moody's Senior VP ...
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Moody's Corporation Reaffirms Full-Year Outlook Amid Rebound in Bond Issuance

Motley Fool - ‎3 hours ago‎
Global revenue rose 1% year over year to $928.9 million, with foreign exchange having only a negligible impact on Moody's results during the second quarter. U.S. revenue remained flat at $545.9 million, while non-U.S. revenue increased 3% to $383 million.
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Market-moving news and views, 24 hours a day

Financial Times - ‎10 hours ago‎
In its annual stress test, the ratings agency said a severe Brexit-induced recession would hit capital ratios by 33 per cent, elevate levels of non-performing loans, and lead to a “significant deterioration” in bank solvency.

Moody's Assigns Ba1 to Pulte's New Note; Affirms all Ratings; Stable Outlook (press release) (subscription) - ‎Jul 26, 2016‎
New York, July 26, 2016 -- Moody's Investors Service assigned a Ba1 rating to the proposed $300 million of new senior unsecured notes due 2027 of PulteGroup, Inc. ("Pulte"), proceeds of which will be used for general corporate purposes, including debt ...
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Debt to revenue ratio 'exceptionally high', especially for 'relatively small province' - ‎Jul 22, 2016‎
A international credit ratings agency is painting a grim picture of Newfoundland and Labrador's finances, downgrading the province's credit rating to the make it the lowest in Canada, and keeping its outlook as negative.
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CompaniesAldi's expansion credit negative for incumbent Aussie supermarkets: Moody's

Financial Times - ‎Jul 25, 2016‎
That's the view of Moody's Investors Services, which has warned that the growing market share of the German entrant is credit negative for Woolworths and Wesfarmers-owned Coles - the two big players - and IGA, which is owned by Metcash.

Moody's Downgrades Alaska to Aa2; Outlook Remains Negative (press release) (subscription) - ‎Jul 25, 2016‎
Moody's has also downgraded the state's lease-appropriation bonds to Aa3 from Aa2 and its moral obligation bonds to A1 from Aa3.
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Moody's changes MAHB outlook to negative

The Star Online - ‎Jul 27, 2016‎
PETALING JAYA: Moody's Investors Service has affirmed the A3 issuer rating of Malaysia Airports Holdings Bhd (MAHB) and changed its outlook to negative from stable due to the impact from its Turkey airport operations.
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Cash-Strapped Atlantic City Likely to Default: Moody's

NBC 10 Philadelphia - ‎14 hours ago‎
New Jersey Transit approved contracts with its two remaining rail unions Wednesday, bringing to a close a more than five-year saga that put the agency at the precipice of a crippling strike four months ago.

BRIEF-Moody's says severe recession would deplete UK banks' capital

Reuters - ‎14 hours ago‎
July 28 Moody's. * Severe recession would deplete uk banks' capital, but from a high starting level. * In downside scenario, asset quality of UK banks deteriorates significantly, ratio of non-performing loans rising to 4.9% in 2018 from 2% in 2015 ...