Moody's Investor Services

Moody's just came out and said that the U.S. AAA rating may be cut if a deal on the debt limit is not reached by August 2. The rating service cited the rising possibility that the debt limit wont be raised by August 2.

President Barack Obama asked Congress yesterday to get a deal done on raising the debt ceiling, as opposed to a makeshift, short-term solution. Obama also wants tax hikes included in the deficit reduction deal. Yesterday, Moody's cut Portugal's credit standing to junk, warning the country may...

The markets took a little bit of a plunge after Moody's downgraded Portuguese debt to junk status, cutting the longer-term government debt by four notches. Moody's Investor Services cut the rating to Ba2, down from Baa1, and said that the outlook is negative. Moody's cited the growing risk of a...

Moody's Investor Services has downgraded Portugal's long term debt to Ba2 with a negative outlook, down from Baa1. Portugal's debt rating has been move to 'junk' status. As such, equity markets are moving lower after the announcement. The Dow is off 19 points, the S&P 500 is off by 2 points...

It could be nothing, or it could be the first warning sign of something much bigger. Italy has announced that it will be cancelling its bond auction, due to June 24. On Friday, Moody's announced it was reviewing Italy for a potential downgrade. "Moody's review will evaluate the weight of these...

Moody's (NYSE: MCO) decided that Friday 30 minutes before the close is a good time to drop a bomb on the markets. Moody's said that Italy's government bond ratings might be cut, and that sent the Italy ETF, iShares MSCI Italy Index ETF (NYSE: EWI) lower on the news. Despite the initial move lower...

Greece received a commitment yesterday from the IMF that it would give its portion of the bailout funds, which would be enough to get Greece through September. U.S. securities regulators are discussing potential civil fraud charges against some of the credit-rating companies, such as S&P,...

Moody's (NYSE: MCO) said all the political posturing in Washington could lead to the rating agency downgrading U.S. debt if no progress is made on increasing the debt limit. The Securities and Exchange Commission is investigating some accounting firms over their audits of Chinese companies....

MGM Mirage (NYSE: MGM) made a proposal to lenders, asking to push back $5.55 billion of its debt by 3 years. The proposal seeks to extend facilities from October 3, 2011 to February 21, 2014. The casino operator asked its lenders to approve the deal by February 24. Moody's Investor Services said...