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Moody's, Fitch warn on debt Two major rating agencies are sounding alarm bells over the level of consumer debt in Canada, and the outlook for the housing market. As The Globe and Mail's Grant Robertson reports, Moody's Investors Service downgraded
11 AM Text Size: tool goes here The financial screws have suddenly tightened by a couple of turns at Fresno City Hall. Moody's Investors Service has lowered by one notch its rating on most of the city's high-profile bond deals of the past 15 years.
Moody's takes action against HP's long-term rating Moody's takes action against HP's long-term rating Moody's Investors Service on Wednesday lowered its long-term credit rating on Hewlett-Packard, saying the technology giant will have trouble
Story An Occupy Toronto protester reacts to the ruling that states the trespass bylaw under which protesters were told to take down their tents is valid, in St...Police dismantled the Occupy Winnipeg camp on December 21, 2011. Nathan Denette/The
Fact Box Rating But on Monday the rating agency said last week's deal allowing the U.S. government to keep borrowing through a previous deadline of mid-May was a positive step. Without the distraction of a near-term funding crisis for the federal
The Philippines likely continued to grow above potential in the fourth quarter, Moody's Analytics said in its report, released Monday. With quarterly growths of 6.4 percent, 5.9 percent and 7.1 percent for the first nine months of 2012, a growth of 6.
The new liquidity operation by the central bank is positive for Chinese banks because it will allow banks greater access to short-term funds and thereby will stabilize their liquidity, Moody's Investors Service said on Monday. The People's Bank of
The annual reports by local authorities last week, which expect slower revenue growth and a possible rise in debt to finance China's urbanization initiatives, are credit negative, Moody's Investors Service said in a report on Monday. "Taking on more
Moody's Investors Service has assigned a provisional (P)Baa2 rating to the proposed USD-denominated senior unsecured perpetual bonds issued by Reliance Industries Ltd...The rating agency has also affirmed the company's existing Baa2 local currency
Illinois State Treasurer Dan Rutherford said the state's Standard & Poor's credit downgrade would cost taxpayers $95 million more in borrowing costs. "It's absolutely bad news for taxpayers," Rutherford said. The Chicago Tribune reported Saturday