Mexico City. The ability of the new Mexican government to reduce the fiscal deficit, which in 2024 will be around 6 percent of gross domestic product (GDP) “is limited by an increasingly rigid spending structure and a reduced income base,” Moody’s said this Thursday, announcing a change from “stable” to “negative” in the outlook for … Read more
The trade policies proposed by Donald Trump, the next president of the United States, such as the application of blanket tariffs on imports, are likely to be more disruptive, increase risks to global growth and could lead to retaliation from trading partners, warned the Moody’s rating agency. In their analysis titled: Trump’s presidency will change … Read more
Moody’s Ratings changed Mexican media giant Grupo Televisa’s long-term debt outlook to negative from stable, maintaining the rating at “Baa3,” noting that the company’s competitive position faces operational challenges that could “limit improvements in the near future.” In a statement late Wednesday, Moody’s said it also “affirmed the Baa3 long-term issuer rating, the Baa3 senior … Read more
The something more that didn’t come… There is concern, as I learn, among those who were expecting a move from Moody’s. It is not that he did not give the investment grade to Greece. After all, Greek assets, i.e. bonds, move as if the country has an investment grade.As it has, after all, from the … Read more
Mexico CityIn June of this year, and for the first time since their creation, the savings balance in Popular Financial Companies (Sofipos) is greater than that of the credit portfolio, a positive fact that provides the sector with the necessary resources to grow its business, announced the Moody’s rating agency. According to figures from the … Read more
After the verdict of DBRS late last night, which upgraded the outlook of the Greek debt to positive, the interest of the markets is now turned to the oracle of Moody’s, the only one of the international rating agencies that has not yet given the coveted investment grade to the Greek economy . The American … Read more
Madrid. The U.S. Securities and Exchange Commission (SEC) has fined six rating agencies, including Moody’s, Standard and Poor’s (S&P) Global Ratings and Fitch, for “significant deficiencies” in maintaining and protecting their electronic communications. Moody’s and S&P Global Ratings will thus have to pay 20 million dollars, Fitch 8 million dollars, AM Best Ratings Services one … Read more
Mexico CityMoody’s projects that Mexico’s growth for next year will slow to 1.5 percent, after a 2.4 percent advance in 2024, due to a cut in public spending and the effect of a slower push from the US economy. The risk firm explains that both the country and Brazil have so far benefited from the … Read more
09.07.2024, 10:45 Barrage of upgrades to banks – Which of them have reached the ceiling Moody’s additionally set the bar for attainable new upgrades to Greek banks #09.07.2024 #Barrage #upgrades #banks #reached #ceiling #Moodys #set #bar #upgrades #Greek #banks
The necessary function that will probably be performed within the Greek economic system by the restoration of the funding grade and by the home Moody’s, highlighted amongst others together with his place Dimitris Tsakonas, Director Normal of ODDIX, talking on a panel within the context of the twenty eighth Spherical Desk of the Economist – … Read more