Credit Rating News
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Swiss stocks were little changed, following their biggest drop in 20 months yesterday, as speculation central banks will reduce stimulus offset Moody’s Investors Service’s confirmation of Switzerland’s credit rating.
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Updated 47 minutes ago
Scottish politicians pursuing independence are determined to defy Chancellor of the Exchequer George Osborne by keeping the pound. They also want his borrowing costs, which are near record lows.
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Updated 2 hours, 6 minutes ago
Russia’s Finance Ministry hired JPMorgan Chase & Co. the biggest U.S. lender, to help boost the country’s standing among credit-rating companies.
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Updated 1 hour, 4 minutes ago
Raiffeisen Bank International AG Chief Executive Officer Herbert Stepic offered to resign from eastern Europe’s second-biggest lender, a day after officials began a probe into his investments through offshore accounts.
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Fibria Celulose SA, the world’s largest pulp maker, plans to raise about 1 billion reais ($500 million) through land sales to pay debt, a step toward restoring an investment-grade credit rating, according to a person with knowledge of the proposal.
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Empresas ICA SAB, the Mexican construction company that was downgraded by two ratings companies in the past week, expects to cut its debt load this year, Chief Executive Officer Alonso Quintana said.
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India’s economy probably expanded less than 5 percent for a second quarter as political gridlock that threatens Prime Minister Manmohan Singh’s growth agenda tempered gains from farm output and lower interest rates.
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Desarrolladora Homex SAB’s bonds are signaling that not even a lifeline from billionaire Carlos Slim can prevent Mexico’s biggest homebuilder from joining industry rivals in restructuring its debt.
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Vietnam’s dollar bonds are beating their Southeast Asian peers as the region’s highest yields attract investors confident the government can revive an economy growing at the slowest pace in 13 years.
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Marfrig Alimentos SA’s bonds fell the most in five weeks after Moody’s Investors Service put the Brazilian meatpacker’s rating under review for a reduction on concern it’s not generating enough cash to meet debt payments.
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