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My Week If there was any justice in the financial world, the people who run the big debt rating agencies would be hanging from lamp-posts along with the investment bankers for the way in which their activities contributed to the 2008 financial crash. But they emerged pretty well unscathed, barring a few uncomfortable sessions before congressional committees. Politicians threatened all sorts of legislative nasties at the time, but it turned out to be all sound and fury signifying not very much.

Moody's warns of worse to come as it cuts Portugal rating

Portugal was dealt a blow yesterday as Moody's cut its credit rating, warning the economy would weaken further in the next few years.

Business Diary: S&P does the dirty on Moody's

There really is no loyalty in this world any more. You can see why people might have concerns about the outlook for Moody's, the credit ratings agency. All that regulatory scrutiny following the financial crisis can't be healthy for it, and Europe is mulling setting up its own rival to the big American firms. These are hardly auspicious times. Still, Moody's must be a little put out to see its own credit rating put on negative watch by rival Standard & Poor's. Presumably we can expect it to return the favour?

BP says oil spill costs have reached $2 billion

BP PLC said today that its partners in the leaking Gulf of Mexico oil well must share responsibility for the costs in dealing with the disaster, on which BP said it has now spent $2 billion.



Partner puts blame on BP as spill costs grow

BP Plc's costs for the worst oil spill in US history appeared set to rise as a partner in the out-of-control well laid the blame at BP's feet and the new federal tsar overseeing damage claims said BP would pay more if $20 billion (£13.5m) was not enough.

BP credit rating cut amid oil spill cost fears

Beleaguered oil giant BP came under more pressure today after its credit rating was cut amid fears over the soaring cost of the Gulf of Mexico disaster.

Wall Street bullied us, claim ratings agency staff

Staff at the credit ratings agency Moody's were bullied by Wall Street bankers, harassed by profit-hungry bosses and starved of the time and resources they could have used to check their disastrous ratings of mortgage derivatives, an inquiry into the causes of the credit crisis was told.

Summoned to New York, Buffett backs ally

The fundamental reason for Moody's disastrously optimistic credit ratings on billions of dollars of mortgage derivatives was not fraud or conflicts of interest, but simply the failure to predict a nationwide housing market collapse in the US, Warren Buffett said yesterday – and even he hadn't predicted such a thing.

Moody: 'I've had a great run at Leicester but at Bath we'll go from strength to strength'

As he faces the club he will join next season, Lewis Moody tells Chris Hewett why he senses an shift in the balance of power

Leading article: Credit where it isn't due

The 2008 banking meltdown revealed the credit rating agencies, those supposedly independent custodians of the global capital markets, to be incompetent. At the heart of that crisis two years ago were billions of dollars of securities made up of subprime mortgages which these agencies – Moody's, Standard & Poor's, and Fitch – had judged to be entirely safe. They were, of course, anything but. And those banks and financial firms that had crammed their balance sheets with these securities suddenly found themselves to be insolvent.

The make-or-break power of ratings agencies

Moody's, Fitch and S&P can shake up the markets and change a country's fortunes – but is it time to curb their influence, asks Nikhil Kumar

Tory claims that hung parliament would cause meltdown are dismissed

Credit rating agency rejects warning that Britain would be plunged into financial crisis if election result is inconclusive

Moody's cuts credit rating on Greece's debt

Greece's credit rating has been cut to A3 by Moody's Investors Service.

Europe markets rattled as Fitch lowers Portugal's credit rating

Stock markets tumble as debt worries prompt agency to cut rating to AA minus

Moody's says Britain's AAA credit rating is safe – for now

As he completes preparations for what could be one of the toughest Budgets in years, Alistair Darling has been treated to an unfamiliar chorus of encouraging news from the credit ratings agency Moody's, Bank of England policy maker Kate Barker and the gilts market.

Moody stuns Tigers by signing for Bath

Leicester hit by England flanker's decision to head to the Rec for next season
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
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The other Mugabe who is lining up for the Zimbabwean presidency

The other Mugabe who is lining up for the Zimbabwean presidency

Chosen to lead the women's wing of the ruling Zanu-PF, the wife of President Robert Mugabe appears to have her sights set on succeeding the 90-year old
The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

The model of a gadget launch

Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
Alice Roberts: She's done pretty well, for a boffin without a beard

She's done pretty well, for a boffin without a beard

Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
Get well soon, Joan Rivers - an inspiration, whether she likes it or not

Get well soon, Joan Rivers

She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
Fashion walks away from the celebrity runway show

Fashion walks away from the celebrity runway show

As the collections start, fashion editor Alexander Fury finds video and the internet are proving more attractive
Meet the stars of TV's Wolf Hall... and it's not the cast of the Tudor trilogy

Meet the stars of TV's Wolf Hall...

... and it's not the cast of the Tudor trilogy
Weekend at the Asylum: Europe's biggest steampunk convention heads to Lincoln

Europe's biggest steampunk convention

Jake Wallis Simons discovers how Victorian ray guns and the martial art of biscuit dunking are precisely what the 21st century needs
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Don't swallow the tripe – a user's guide to weasel words

Lying is dangerous and unnecessary. A new book explains the strategies needed to avoid it. John Rentoul on the art of 'uncommunication'
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Kacey Musgraves: Nashville's hottest new star

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Soldier-poet Brian Turner on his new memoir

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Villa were not surprised that Vlaar was a World Cup star

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Bill Granger's simple Italian salads

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The Last Word: Tumbleweed through deserted stands and suites at Wembley

If supporters begin to close bank accounts, switch broadband suppliers or shun satellite sales, their voices will be heard. It’s time for revolution