Word: moodyã
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...share of blame for their obstructionism: They opposed a Bush administration proposal for greater regulation, even though Fannie and Freddie’s own executives favored the change. The lack of broad oversight in financial markets led investors to rely too heavily on faulty investment ratings by firms like Moody?...
...Raymond W. McDaniel, Jr., chairman and CEO of Moody??s Corporation, proclaimed, “I firmly believe that Moody??s business stands on the ‘right side of history’ in terms of the alignment of our role and function with advancements in global capital markets.” Editorialists, pundits, and lawmakers alike have scrutinized this sentiment over the past year, debating the role that credit-rating agencies played in the subprime crisis. Instead of the blame game it used to be, this debate has recently become a more fruitful discussion...
...This trust requires considerable faith in rating agencies, such as Standard & Poor’s and Moody??s. To make a low-risk purchase of a CDS, a firm needs to buy from an insurer with an excellent credit rating. If any of these ratings are inaccurate or get downgraded, this will dramatically affect the CDS and cause panic. Therefore, the government must institute a reasonable collateral requirement for the sale of CDSs. Further, rating agencies must closely monitor investing schemes that use insurance from highly rated firms like AIG to make risky investments in poorly rated firms...
Harvard is considering reducing capital spending and projected new debt issuance by as much as 50 percent due to recent endowment losses, according to a credit rating report issued by Moody??s Investors Service on Wednesday.The University has already slowed construction of its Allston expansion, which combined with other campus capital projects would have cost roughly $1 billion a year in capital spending and required Harvard to issue $3 billion in new debt over the next three to four years, according to the report.Planned spending could revert to higher levels “if fundraising results...
...University’s debt receives the highest ratings available from leading rating agencies Moody??s and Standard & Poor’s—a fact that allows it to borrow at a lower rate. A prospectus for one of the bond sales obtained by The Crimson said Harvard expected the new debt to receive the same high ratings...