Latest Moody's Corporation News

FILE - In this March 13, 2020 file photo, unionized hospitality workers wait in line in a basement garage to apply for unemployment benefits at the Hospitality Training Academy in Los Angeles.  More than 6.6 million Americans applied for unemployment benefits last week, far exceeding a record high set just last week, a sign that layoffs are accelerating in the midst of the coronavirus.   (AP Photo/Marcio Jose Sanchez, File)

A record 10 million sought US jobless aid in past 2 weeks

Apr. 2, 2020 11:57 AM EDT

WASHINGTON (AP) — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus outbreak. Combined with last week's report that 3.3 million people sought...

FILE - In this Sept. 18, 2019, file photo job applicants looks at jobs available at Florida International University during a job fair in Miami. On Wednesday, Jan. 8, 2020, payroll processor ADP reports on how many jobs its survey estimates U.S. companies added in December. (AP Photo/Lynne Sladky, File)

U.S. businesses cut 27,000 jobs in March, before virus hit

Apr. 1, 2020 9:14 AM EDT

WASHINGTON (AP) — U.S. companies shed 27,000 jobs in March, according to a private survey, a figure that mostly reflected the economy as it stood before the full impact of the viral outbreak. Payroll processor ADP said small businesses took the biggest hit, losing 90,000 jobs, while medium-sized and large...

In this photo released by the Lebanese Government, Lebanese Prime Minister Hassan Diab, gives a speech at the Government House in Beirut, Lebanon, Saturday, March. 7, 2020. Lebanon's prime minister said Saturday the government will suspend payment of $1.2 billion in loans, marking the crisis-hit country's first-ever default on its sovereign debt. (Dalati Nohra/Lebanese Government via AP)

Rating agencies warn Lebanon over $1.2 billion loan default

Mar. 10, 2020 8:54 AM EDT

BEIRUT (AP) — Credit ratings agency Moody's warned Tuesday that Lebanon's first-ever default on paying its sovereign debt will likely lead to significant losses for private creditors as well as serious implications for the country's banking sector. Lebanon's prime minister on Saturday said the government...

FILE - In this Jan. 15, 2020 file photo, people look at the broken facade of Bank of Beirut that was smashed by anti-government protesters in Beirut, Lebanon. Fitch Ratings said Tuesday, Feb. 18, 2020, that Lebanon's financial position points to a likely restructuring of the country's massive debt and financial sector as the Arab nation passes though its worst financial and economic crisis in decades. Fitch Ratings' report comes as Lebanese officials are debating whether to pay back $1.2 billion worth of Eurobonds that will mature on March 9. (AP Photo/Bilal Hussein, File)

Moody's downgrades Lebanon's rating amid financial crisis

Feb. 21, 2020 12:22 PM EST

BEIRUT (AP) — Credit rating agency Moody's downgraded Lebanon's government issuer ratings Friday to Ca from Caa2 and changed the outlook to stable amid concerns the tiny Arab country might be forced to restructure its massive debt. Lebanon is experiencing its worst economic and financial crisis since the...