Latest Moodys Headlines
All the headlines from our Moodys Topic Page, ordered by recency.
Moody’s: P/C Insurers’ Losses Under Municipal Bonds Manageable
Nov 22 2010 // U.S. property/casualty insurers are not likely to sustain substantial losses on municipal bonds, Moody’s Investors Service says in a new report. While muni bonds make up a high 27 percent of P/C insurers’...
Moody’s Rates P/C Personal Lines Industry Financially Sound, Highly Competitive
Nov 15 2010 // The U.S. property/casualty personal lines insurance industry remains financially sound despite the weak economy and prolonged soft, though improving, pricing environment, Moody’s Investors Service says in its new...
P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing
Sep 6 2010 // It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains...
P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing
Aug 25 2010 // It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains...
Moody’s Downgrades Ireland’s Sovereign Debt Ratings; Outlook Stable
Jul 19 2010 // Moody’s downgraded Ireland’s sovereign bond rating by one notch to Aa2 on Monday, citing weaker growth prospects and the high costs of rebuilding the country’s crisis-hit banking system. The rating...
BP Oil Spill Losses Hit Reinsurers; Premiums Jump
Jun 3 2010 // Reinsurers have bumped up prices for offshore energy-related insurance premiums by 50 percent following insurance industry losses of up to $3.5 billion from the BP plc oil spill in the Gulf of Mexico, Moody’s...
Judge Rejects Fraud Charge, Says Rating Agencies Not Underwriters
Jun 1 2010 // A Manhattan federal judge said on Tuesday that it was unfair to hold Moody’s Investors Service and Standard & Poor’s liable as “underwriters” on securities offerings needing their ratings, as he...
Court Says CalPERS May Pursue Lawsuit Against Rating Agencies
May 5 2010 // The largest U.S. public pension fund has won a court ruling allowing it to proceed with its lawsuit accusing the three biggest credit rating agencies of assigning “wildly inaccurate and unreasonably high”...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Mar 26 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Moody’s Changes Calif. Earthquake Authority’s Bond Rating to Negative
Mar 16 2010 // Moody’s Investors Service announced it has affirmed the A3 rating on the California Earthquake Authority’s 6.169 percent fixed rate Series 2006-B revenue bonds (mature July 20, 2016) and changed the rating...
U.S. Judge Dismisses Claims Against Moody’s, Standard & Poor’s
Jan 27 2010 // In a victory for ratings agencies, a U.S. judge Tuesday dismissed claims against Moody’s Corp. and McGraw-Hill’s Standard & Poor’s in litigation over nearly $100 billion of Lehman Brothers Holdings...
Moody’s: AIG Likely Able to Repay Government Bailout Funds
Nov 10 2009 // American International Group Inc. has made tangible progress on its restructuring plan and will likely be able to repay the government’s loan and much of its preferred equity stake, Moody’s Investors Service...
Fitch May Cut Berkshire Rating on Burlington Buy
Nov 6 2009 // Fitch Ratings said Thursday it may cut its ratings on Warren Buffett’s Berkshire Hathaway Inc on concerns about the effect its planned acquisition of Burlington Northern Santa Fe Corp. will have on its asset profile...
Former Moody’s Executives Criticize Firm’s Credit Rating Process
Sep 30 2009 // The former head of compliance overseeing Moody’s Corp.’s credit ratings business was routinely ignored when he warned that the firm was not properly monitoring municipal bond ratings, according to a letter...
Congress, Insurance Regulators Seek Answers from Ratings Firms
Sep 24 2009 // A U.S. House panel abruptly postponed a hearing into accusations that Moody’s Corp. knowingly issued incorrect ratings after Republicans demanded more time to review a whistleblower’s complaint. Democratic...
Global Reinsurers Enjoy Monte Carlo Sun Amid Worries Over Gathering Clouds
Sep 4 2009 // Global reinsurers are set to enjoy a moment in the sun as they gather in Monte Carlo this weekend, having come through the financial crisis singed rather than burned like their banking counterparts. But as top executives...
Judge Says Rating Agencies Not Shielded by Free Speech Defense
Sep 3 2009 // Credit rating agencies may find it harder to argue that their opinions deserve free speech protection after a judge rejected efforts by Moody’s Investors Service and Standard & Poor’s to dismiss a fraud...
Berkskhire Hathaway Cuts Stake in Moody’s
Jul 23 2009 // Warren Buffett’s Berkshire Hathaway Inc. this week lowered its stake in credit ratings provider Moody’s Corp. to 16.98 percent from 20.4 percent, the first reported reduction since 2000. The sale of about 8...
