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.
Like this page on Facebook for updates
Wednesday 17 February 2010
Sunday 24 January 2010
With a large portrait of the Prince Regent adorning the wall above him, Lewis Moody is speaking on the subject of leading England. A legendarily madcap character somewhat taken aback to find himself vested with the hopes of a nation, yet determined to show he is up to the job – and dear old Georgie boy had a notably colourful life, too.
Thursday 14 January 2010
Wednesday 23 December 2009
Moody's Investors Service cut Greece's debt rating yesterday but partially reassured financial markets by saying that the country remained far from a crisis, igniting a rally in Greek bonds and bank stocks.
Wednesday 16 December 2009
Britain is running out of time in its battle to keep its treasured Aaa credit rating, Moody's warned again yesterday, despite reporting that Spain potentially faces more trouble with its public finances than any other developed economy.
Saturday 12 December 2009
Britain's credit rating is secure for now but could be cut if the Government fails to show it can rebuild the public finances by 2013, Moody's said yesterday, in the first public statement from a major credit rating agency since Wednesday's pre-Budget report.
Wednesday 09 December 2009
Outlook Will Alistair Darling live to regret his determination to put the question of tackling the budget deficit on the back burner until he is convinced the UK economy is firmly in recovery mode? The Chancellor let it be known at the weekend that he would rather get it in the neck for pulling support from the economy too late than for pulling it too early. But he would not be human had yesterday's news from the credit ratings agencies not given him pause for thought.
Wednesday 09 December 2009
Friday 20 November 2009
Lewis Moody insists England's wounded players are "chomping at the bit" to prove their army of critics wrong in tomorrow's final autumn showdown against New Zealand.
Wednesday 18 November 2009
Outlook: Has Legal & General's umbrella just sprung a leak? It might sound terribly technical, but there's more than meets the eye to Moody's decision to change the way it rates hybrid securities and subordinated debt instruments issued by banks. Before the financial crisis the ratings agency had taken the view that investors in this type of debt would benefit, at least to an extent, from support provided to a troubled bank by national governments or central banks. Now we know that ain't necessarily so. The EC thinks that bond holders should share the pain of a bailout.
Wednesday 11 November 2009
Outlook In the world of ratings agencies there is a very definite hierarchy. Standard & Poor's sits at the top of the tree, a branch or two above Moody's. Fitch occupies third place and, as a result of this, it has often proved rather more willing to say rather more interesting things than the others. This is probably because it knows they won't have quite the same impact, so there is less risk. That wasn't the case yesterday, however, when Fitch warned that of all the major economies, Britain's prized AAA credit rating was most at risk of a downgrade.
Sunday 27 September 2009
Wednesday 09 September 2009
Public spending cuts and tax hikes after the next election should enable the UK to hang on to its gold-plated triple A credit rating, a leading agency said today.
Monday 08 June 2009
Britain's businesses feel more confident about their prospects than at any other time in the past 12 months, figures to be published today reveal, providing further evidence of improving sentiment in the economy as the slowdown at least bottoms out.
Friday 05 June 2009
The Bradford-based grocer Morrisons has become the latest company to axe its final-salary pension scheme for existing members.
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Ukraine crisis: Russia dismisses '3am ultimatum' as 'total nonsense'
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
White people become less racist just by moving to more diverse areas, study finds
Exclusive: Impact of immigrants on British workers ‘negligible’
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Orgasm machine to deliver climax at the push of a button
- 3 Singapore sting: Sky-high prices are pushing locals to the edge of affordability
- 4 Liam Neeson turned down James Bond role because late wife Natasha Richardson said she wouldn't marry him if he took it
- 5 Dead woman's body found sitting in a car after six years after direct debits ran $54,000 bank account dry