Latest Moody's Corporation News

Stocks mixed ahead of Fed, oil dips on Saudi output recovery

Sep. 18, 2019 8:24 AM EDT

BEIJING (AP) — Global stocks were little changed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut and as oil prices eased on hopes for a quick recovery in Saudi oil supplies. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong Kong...

Louisiana gets favorable review from national credit agency

Sep. 17, 2019 5:58 PM EDT

BATON ROUGE, La. (AP) — Louisiana received good marks Tuesday from a national credit rating agency for the state's improved financial outlook and work to stabilize its budget, boosting one of Gov. John Bel Edwards' main campaign pitches as he seeks a second term. Moody's Investors Service didn't upgrade...

Stocks mixed, oil down as markets await news on Saudi plant

Sep. 17, 2019 8:01 AM EDT

BANGKOK (AP) — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing its...

Hong Kong leader: PR firms decline to restore city's image

Sep. 17, 2019 7:28 AM EDT

HONG KONG (AP) — Hong Kong leader Carrie Lam said Tuesday that international public relations firms have turned down the government's requests to help restore the city's reputation after months of pro-democracy protests. The firms responded that "the time is not right" as the violence and unrest in the...

Asian shares weaker after spike in crude oil rattles market

Sep. 17, 2019 12:48 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia's biggest oil processing plant caused crude prices to soar, prompting selling of airlines and other fuel-dependent industries. The U.S. and international benchmarks for crude fell back slightly after vaulting more...

Louisiana college master plan could help state credit rating

Sep. 12, 2019 12:23 PM EDT

BATON ROUGE, La. (AP) — Louisiana's new master plan for its colleges and universities could help the state's credit rating, if the state stays on track with the roadmap to boost educational attainment. National credit rating agency Moody's Investors Service released a statement about the higher education...

Asian shares mostly higher after rise on Wall Street

Sep. 11, 2019 12:28 AM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday, cheered by a rise on Wall Street amid some signs of easing tensions between the U.S. and China on trade issues. Japan's benchmark Nikkei 225 rose 0.6% to 21,514.14 in morning trading. Australia's S&P/ASX 200 inched up 0.1% to 6,622.60. South...

Ford and Wendy's slip while Mosaic and Mallinckrodt rally

Sep. 10, 2019 4:29 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday. Ford Motor Co., down 12 cents to $9.42 Moody's downgraded the auto company's credit rating to junk status, citing the potential for weak earnings amid a restructuring program. HD Supply Holdings Inc., down $1.72 to $39.10 The...

Markets Right Now: Late buying burst leaves stocks higher

Sep. 10, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. A late burst of buying left stocks mostly higher on Wall Street after indexes spent much of the day lower. Apple rose 1.2% Tuesday after announcing a new slate of iPhones and other products. Apple also announced a $5...

Moody's downgrades Ford's credit rating to junk status

Sep. 9, 2019 6:39 PM EDT

DETROIT (AP) — Moody's Investors Service on Monday downgraded Ford's credit rating to junk status, citing expectations that the automaker will be weighed by weak earnings and cash generation as it pursues a costly restructuring plan. Ford responded by saying that its underlying business is strong and its...