Category: moody

Moody’s Says Credit Suisse Could Suffer $3 Billion Loss in 2022

October 7, 2022
Business & MarketsCompaniesCredit Suisselossmoody
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NEW YORK—Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below the key 13 percent level, Moody’s lead analyst on the bank told Reuters. Credit Suisse has reported 1.9 billion francs ($1.92 billion) of losses in the first half of the year….

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Moody’s Upgrades Hungary’s Rating on Strong Rebound in Boon for Orban

September 27, 2021
Business & EconomyEconomiesEuropeHungarymoodyratingViktor OrbanWorld
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BUDAPEST—Ratings agency Moody’s late on Friday raised Hungary’s sovereign credit rating to ‘Baa2’ from ‘Baa3’ on the economy’s strong rebound from the pandemic, which comes as a boon to Prime Minister Viktor Orban amid a campaign for early 2022 elections. Orban, the country’s longest-serving leader since Communist times, faces what could be Hungary’s first tight…

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