Moody's Narrows FY24 Outlook Range - Update

SEC Fines Moody's, S&P, Other Credit Rating Agencies Over Recordkeeping Failures

The U.S. Securities and Exchange Commission has fined six major credit rating organizations a total of $49 million for significant failures to maintain and preserve electronic communications. Admitting the facts in their respective SEC orders, Moody's Investor Service Inc. and S&P Global Ratings agreed to pay a $20 million civil penalty each. Further, Fitch Ratings Inc. agreed to pay $8 million...

RTTNews | 76 days ago

Moody's Cuts Signature Bank's Rating To Junk

Moody's Investors Service has downgraded the ratings of the collapsed Signature Bank to junk, and will withdraw its ratings for business reasons. The rating agency also put the following six banks under review before deciding on downgrading them - First Republic Bank, Zions Bancorp., Western Alliance Bancorp, Comerica Inc, UMB Financial Corp and Intrust Financial Corp.

RTTNews | 617 days ago

Moody's Slashes FY22 Outlook - Update

While reporting financial results for the third quarter on Tuesday, Moody's Corp. (MCO) slashed its earnings, adjusted earnings and revenue growth guidance for the full-year 2022.

RTTNews | 756 days ago

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, amid concerns about escalating tensions between the U.S. and Russia over the war in Ukraine after Russian President Vladimir Putin updated the nuclear doctrine. Asian markets closed mostly higher on Tuesday.

RTTNews | 5h 8min ago

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower in choppy trading on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,400 level, with weakness across most sectors led by financial and technology stocks.

RTTNews | 6h 22min ago

Thai Stock Market May Add To Its Winnings On Wednesday

The Thai stock market has moved higher in two straight sessions, gathering almost 20 points or 1.4 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau and it's likely to open to the upside again on Wednesday.

RTTNews | 6h 42min ago

Additional Support Called For Indonesia Stock Market

The Indonesia stock market on Tuesday snapped the four-day losing streak in which it had dropped almost 190 points or 2.5 percent. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it's expected to open in the green again on Wednesday.

RTTNews | 7h 12min ago

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, snapping a four-session winning streak, with the benchmark S&P/ASX 200 staying above the 8,300 level, following the mixed cues from Wall Street overnight, with weakness in technology, financial and energy stocks partially offset by gains in mining stocks.

RTTNews | 7h 13min ago

EURUSD	1.0591	GBPUSD	1.26832	AUDUSD	0.65251
USDJPY	154.947	USDCAD	1.39653	USDCHF	0.88327