The total amount of corporate debt defaults in the United States this year have already exceeded the amount seen in 2022. Experts have been warning of a wave of defaults to hit the economy for some time due to higher borrowing rates. At least fifty-five American-based companies defaulted on their loans in the first half…

A Russian fighter jet collides with a U.S. military drone over the Black Sea. U.S. forces were forced to crash the drone into the waters. The two sides accuse each other of wrongdoing. A heavy snow storm across the northeastern U.S. causes power outages, dangerous driving conditions, flight cancellations, and school closures. Some areas have…

A Russian fighter jet collided with a U.S. military drone over the Black Sea. U.S. forces were forced to crash the drone into the waters. The two sides accuse each other of wrongdoing. A heavy snowstorm across the northeastern United States causes power outages, dangerous driving conditions, flight cancellations, and school closures. Some areas have…

Credit ratings agency Moody’s Investors Service downgraded its outlook for the U.S. banking system on Tuesday after the rapid declines and collapses of Silicon Valley Bank, Signature Bank, and Silvergate Bank in recent days. The prominent ratings agency said it “changed to negative from stable our outlook on the U.S. banking system to reflect the…

Credit ratings agency Moody’s Investors Service downgraded its outlook for the U.S. banking system on Tuesday after the rapid declines and collapses of Silicon Valley Bank, Signature Bank, and Silvergate Bank in recent days. The prominent ratings agency said it “changed to negative from stable our outlook on the U.S. banking system to reflect the…

Credit ratings agency Moody’s has put six U.S. banks on review for downgrade, including First Republic Bank, which is one of the largest in the country—a decision that follows the collapse of two banks over the weekend. In addition to First Republic, the banks under Moody’s downgrade review include Comerica Inc, UMB Financial Corp., Zions…

Credit ratings agency Moody’s has put six U.S. banks on review for downgrade, including First Republic Bank, which is one of the largest in the country—a decision that follows the collapse of two banks over the weekend. In addition to First Republic, the banks under Moody’s downgrade review include Comerica Inc, UMB Financial Corp., Zions…

Moody’s Corp. reported a first-quarter FY22 revenue decline of 5 percent year-on-year to $1.52 billion, beating the consensus of $1.51 billion. Revenue for MIS was $827 million, down 20 percent Y/Y as geopolitical concerns, rising yields, and elevated market uncertainty affected issuance in all asset classes. Foreign currency translation unfavorably impacted MIS revenue by 1 percent. Moody’s…

Moody’s said on Thursday it has withdrawn all ratings on Russia and its rated Russian sub-sovereign entities. The company said it had decided to withdraw the ratings for its own business reasons. Last week, Moody’s had announced its intention to withdraw its credit ratings on the entities, following similar moves by Fitch and S&P Global…

Moody’s Investors Service said on Thursday it intends to withdraw its credit ratings on Russian entities, following similar moves by Fitch and S&P Global Ratings. The rating agency’s parent firm, Moody’s Corp., suspended commercial operations in Russia earlier this month over Moscow’s invasion of Ukraine. The European Union on March 15 banned top credit rating…