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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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