ratings agencies

As the Dow Jones Industrial Average flirts with a 500 point decline, it's worth mentioning the flight to safety going on in the global bond markets. We are seeing major moves into sovereign bonds across currency areas. That has the US…

Lots of links on Facebook. Also see notes on Tesla and GE.

Fitch, the ratings agency, has reversed itself on Canada. It now believes that the housing market there is poised for only modest declines at worst. Previously, Fitch had said that Canada’s housing market was well overpriced and that a…

This is beginning to sound like a broken record, but India's currency has come under severe pressure - again. India's central bank, the RBI, seems to have completely lost control over the rupee. The currency broke through 67 to the dollar…

Moody's has changed its outlook on the U.S. banking system to stable from negative, reflecting continued improvement in the operating environment and reduced downside risks to the banks from a faltering economy, says Moody's Investors…

Editors note: Moody’s released the following press release yesterday in conjunction with a ratings action it took on Turkish sovereign debt. Moody's Investors Service has today upgraded Turkey's government bond ratings by one notch to Baa3…

Moody's Investors Service released the following statement in conjunction with a ratings action it took today on Slovenian sovereign debt.

Moody's Investors Service has today affirmed the Republic of Ireland's Ba1/Not Prime government bond ratings and negative outlook.

Moody's issued the following press release yesterday in relation to Argentina's foreign-law sovereign obligations.

Moody's released the following statement in conjunction with a ratings action it took earlier today on three Dutch banks