+Vote!
Market Watch (Free subscription) | yesterday
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Monday placed Eli Lilly and Co.'s Aa3 long-term rating on review for a possible downgrade following its announcement that it has made an offer to buy ImClone Systems for $70 a share. At the same time, Moody's affirmed Eli Lilly's Prime-1 short-term rating. "The long-term success of the acquisition will be dependent on receiving expanded approvals...
+Vote!
Chronicle.com (Free subscription) | yesterday
Moody’s Investors Service has completed the first phase of its review of Wachovia’s decision to freeze the short-term accounts of nearly 1,000 colleges and will not downgrade any of the institutions involved, the credit-rating agency announced Friday.
+Vote!
Media Blog (Free subscription) | yesterday
From Portfolio (via Megan McArdle): Last year, Moody's briefly gave all of Iceland's major banks, including Glitnir, a triple-A rating, on the grounds... . . .
+Vote!
cellular-news (Free subscription) | yesterday
Moody's Investors Service says that negative rating actions in Asia Pacific (ex-Japan) continued to outnumber positive actions during 3Q2008 by 17 to 2 compared with 18 to none in 2Q2008.
+Vote!
Market Watch (Free subscription) | 04/10/2008
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Friday lowered American International Group's senior unsecured debt rating to A3 from A2. At the same time, AIG's long-term ratings and its Prime-1 short-term rating remain on review for possible downgrade. "Moody's believes that the asset sales plan announced today, if successful, will enable the company to repay borrowings under the Fed...
+Vote!
Market Watch (Free subscription) | 04/10/2008
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Friday lowered the senior secured bank debt rating on General Growth Properties , certain of its subsidiaries and Rouse Co. LP to Ba3 from Ba2 and their senior unsecured debt rating to Ba3 from Ba2. The ratings were also placed on review for possible further downgrade. The move reflects General Growth's strained financial flexibility given...
+Vote!
Market Watch (Free subscription) | 03/10/2008
SAN FRANCISCO (MarketWatch) -- Moody's Investors Service on Friday lowered the ratings outlook on Wells Fargo & Co. and its subsidiaries, including Wells Fargo Bank, to negative from stable. The move comes after Wells Fargo said it will buy Wachovia for $15 billion. Moody's said Wells Fargo's proposed acquisition of Wachovia signals an increase in its risk appetite. "The terms of the transaction would...
+Vote!
The Australian (Free subscription) | 03/10/2008
WORRIES over the impact of the US bailout package have hung strongly over equities and credit markets during the past week.
+Vote!
Mark Investments (Free subscription) | 03/10/2008
Moody’s Investors Service cut the debt ratings of iStar Financial Inc. to junk, a move that could deal a blow to the company’s business of lending to commercial real-estate developers and investors. The New York-based real-estate investment trust, which typically makes commercial real-estate loans ranging from $20 million to $150 million, has long counted on its [...]
