All Posts Tagged With: "MCO"
(PMI) European Central Bank Tries Quenching Thirsty Banks
The European Central Bank (ECB) has been overwhelmed by the rush for cheap three-year loans. The demand for these loans has far exceeded expectations — a fact that underscores the difficult times the banking system is going through. A system whose raw material is money...
24Dec2011 | vitalstocks | 0 comments | Continued(AIG) American International Group ILFC to Raise $650 Million from Notes
Yesterday, American International Group Inc.’s (AIG) aircraft leasing unit – International Lease Finance Corporation (ILFC) – announced the issue of long term notes worth $650 million. Accordingly, the unsecured notes of $650 million are issued at an initial price of $100.00...
21Dec2011 | vitalstocks | 0 comments | Continued(MCO) Fitch Has Eurozone Rating Misgivings
Ratings agency Fitch has misgivings about Europe’s ability to tackle the sovereign debt crisis. Moody’s, a division of Moody’s Corporation (MCO) and Standard & Poor’s had earlier warned about the failing economic health of the European Union (EU) worsened by the indecision...
20Dec2011 | vitalstocks | 0 comments | Continued(IMF) International Monetary Fund Sees Risks Intensifying
The International Monetary Fund (IMF) has sounded another caveat about the deepening global crisis. According to Christine Lagarde, IMF’s Managing Director, the crisis is unfolding, escalating and spreading across the world. She has even suggested that the world could see a...
19Dec2011 | vitalstocks | 0 comments | Continued(MCO) Moody’s Follows with Eurozone Warning
Moody’s, a division of Moody’s Corporation (MCO), becomes the second ratings agency to sound a warning after Standard & Poor’s on the failing economic health of the European Union (EU) partly fueled by the indecision of the political class to address the crisis. Although...
14Dec2011 | vitalstocks | 0 comments | Continued(ORCL) Oracle Launches New Software – Oracle Financial Services Liquidity Risk Management
Oracle Corp. (ORCL) recently launched its new financial services software, namely Oracle Financial Services Liquidity Risk Management. The new software will help banks to efficiently and effectively assess their liquidity risk. Financial Services Liquidity Risk Management is...
8Dec2011 | vitalstocks | 0 comments | Continued(IMF) IMF Introduces Bailout Fund – A Thanksgiving Gift For Europe?
When the world economy is reeling under the European sovereign debt crisis and ever-increasing uncertainty in the continent across the Atlantic, here’s some good news from the International Monetary Fund (IMF). The IMF has introduced a bailout fund called Precautionary and...
24Nov2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon Beats Earnings Forecast – Updates Outlook
Raytheon Company (RTN) reported third-quarter 2011 adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.33. Results were also higher than the year-ago quarterly earnings of $1.35 per share. Operational Performance Revenue reported by Raytheon in the...
3Nov2011 | vitalstocks | 0 comments | Continued(MCO) Insurance Industry Stock Update – September 2011 – Industry Outlook
Despite a series of natural disasters and consequent above-average losses, the U.S. insurance industry could rebound only with help from rising rates and reduced pricing pressure. Though financials of U.S. insurance companies are still not strong enough to soak up losses from...
5Oct2011 | vitalstocks | 0 comments | Continued(MCO) Moody’s Downgrades Three U.S. Mega Banks
On Wednesday, Moody’s Investors Service, a credit rating arm of Moody’s Corp. (MCO) downgraded its credit ratings on Bank of America Corporation (BAC), Citigroup Inc. (C) and Wells Fargo & Company (WFC). The rating cut followed the agency’s belief that the federal government...
23Sep2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Sells Senior Notes
Last week, PNC Funding Corporation, a unit of PNC Financial Services Group Inc. (PNC), announced the sale of 5-year senior notes with a maturity value of $1.25 billion. PNC Financial sold the notes at a coupon rate of 2.7% and an issue price of $99.879. The notes will mature...
21Sep2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Offers Notes Worth $2 Billion
Yesterday, American International Group Inc. (AIG) vended off senior unsecured floating-rate notes worth $2.0 billion in a two-part offering. Accordingly, one part of senior unsecured notes is valued at $1.2 billion. These notes were issued at a price of $99.448 and dated to...
11Sep2011 | vitalstocks | 0 comments | Continued(MCO) Much Ado About a Double-Dip?
Don’t panic. This is not the time to be scared by heated talks on the possibility of a so-called double-dip recession. The global stock market has come crashing down close on the heels of the debt ceiling raise and the dramatic downgrade of the U.S. credit rating by Standard...
9Aug2011 | vitalstocks | 0 comments | Continued(RF) Standard & Poor’s Ratings Services Ups Regions Financial’s Rating Outlook
On Friday, Standard & Poor’s Ratings Services (S&P) lifted its outlook on Regions Financial Corp. (RF) and its subsidiary Regions Bank to ‘Stable’ from ‘Negative.’ The rating agency is impressed by Regions’ improved loan performance. The revision to Stable...
9Aug2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Co – Bank of New York Mellon Likely to Suffer Rating Cut
Over the next 18 months, debt ratings of JPMorgan Chase & Co. (JPM) and Bank of New York Mellon Corporation (BK) might be lowered by Moody’s Investors Service, the rating arm of Moody’s Corp. (MCO). According to the rating agency, both these banks might receive...
5Aug2011 | vitalstocks | 0 comments | Continued(EQIX) Equinix Offers 7% Senior Notes
Global data center service provider Equinix Inc. (EQIX) recently commenced a public offering of senior notes worth $750.0 million. Equinix filed for the registration with the U.S. Securities and Exchange Commission. The senior notes will mature in 2021. J.P. Morgan Securities...
11Jul2011 | vitalstocks | 0 comments | Continued(MCO) Moody’s Casts Shadow on Toyota Motor
Moody’s Investors Service, the credit rating arm of Moody’s Corp. (MCO), has cut the credit rating for Toyota Motor Corp. (TM) by one level to Aa3 on the back of its weakening market position and difficulties in operations emanating from the earthquake and tsunami in Japan...
29Jun2011 | vitalstocks | 0 comments | Continued(MCO) Prudential Financial Upgraded by Moody’s
Last week, credit rating agency Moody’s Investors’ Service, a subsidiary of Moody’s Corp. (MCO), affirmed the debt rating of Prudential Financial Inc. (PRU) at “Baa2” and upgraded its outlook to positive from stable. Prudential has one of the best collections of businesses...
27Jun2011 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Rating Action
Lincoln National Corp. (LNC) experienced ratings actions on its freshly issued senior unsecured notes from both Moody’s Investors Service of Moody’s Corp. (MCO) and A.M. Best. Accordingly, Moody’s has denoted these notes with a “Baa2” rating, while also promoted Lincoln’s...
24Jun2011 | vitalstocks | 0 comments | Continued(WRC) Warnaco Group Completes Debt Offering
Warnaco Group Inc. (WRC) recently announced the completion of a senior secured term loan offering of $200.0 million. The debt has been scheduled to mature in 2018. Warnaco will pay interest at a floating rate of 1% bearing a fixed margin of 2.75%. Warnaco stated that it plans...
22Jun2011 | vitalstocks | 0 comments | Continued(AXP) American Express Issues $600 Million in Notes
Last week, American Express Co.’s (AXP) (AmEx) American Express Credit Corp sold senior unsecured floating-rate notes worth $600 million, according to Thomson Reuters. The senior floating-rate notes were issued at a price of $100.00 and are dated to mature on June 24, 2014....
22Jun2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Sells Uridashi Notes
Last week, Bank of America Corporation (BAC) sold 3-year Uridashi notes in Australian dollars as well in South African Rand (ZAR). Uridashi notes are debt issued in the euro markets and are sold mostly to the Japanese individual investors. BofA sold the 3- year issue worth 413.8...
20Jun2011 | vitalstocks | 0 comments | Continued(MCO) Moody’s Unveils New Mobile Website Version
Credit rating and research provider, Moody’s Corp. (MCO) recently launched a mobile version of Moodys.com, which can be accessed from any smartphone browser. The mobile version will allow users to access Moody’s credit ratings and research specially formatted for smartphones...
19Jun2011 | vitalstocks | 0 comments | Continued(CFI) Company News for June 17, 2011 – Corporate Summary
• Shares of Virginia-based bank Capital One Financial (NYSE:COF) rose 2.36% after the bank announced plans to purchase ING’s U.S. online bank. The deal will help Capital One become the fifth largest U.S. bank in terms of assets • Share prices of The Kroger...
17Jun2011 | vitalstocks | 0 comments | Continued(MCO) Fitch Threatens US Credit Rating Downgrade
Fitch Ratings said on Wednesday that it will keep a watch on U.S. debt for a possible downgrade if the debt ceiling isn’t raised by August 2. The news was published in the Associated Press yesterday. Though the government hit the debt ceiling on May 16, it still has buffer...
12Jun2011 | vitalstocks | 0 comments | Continued(MCO) Rating Woes for U.K. Banks
Rating downgrade woes have plagued the U.K. banks. Rating agency Moody’s Investors Service, a wing of Moody’s Corp. (MCO), placed 14 U.K. banks and building societies on review for potential credit rating downgrades following the reluctance of the government to provide...
10Jun2011 | vitalstocks | 0 comments | Continued(MCO) Who Gains from Jumbo Mortgage?
According to a report published in TheStreet on Tuesday, Moody’s Investors Service, a wing of Moody’s Corp. (MCO), has said that many U.S. banks, which produce jumbo mortgage loans and have the power to independently sell these, could enjoy higher earnings as government...
3Jun2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America to Reduce Problem Loans – Analyst Blog
On Monday, Financial Times reported that Bank of America Corporation (BAC) plans to slash its current $850 billion troubled home loan portfolio by about 50% over the next three years. This was stated by Terry Laughlin, who is heading the company’s mortgage modifications and...
10May2011 | vitalstocks | 0 comments | Continued(AMAT) Applied Materials Announces Aquisition of Varian Semiconductor
Applied Materials (AMAT) has announced that the company’s board of directors unanimously approved the acquisition of Varian Semiconductor (VSEA) for $63 per share in cash. Varian’s board of directors has also approved the acquisition. Varian will operate as a separate business...
6May2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Mortgage Rating Downgraded
Bank of America Corporation’s (BAC) mortgage servicing ratings have been downgraded by Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO). The main reason behind the cut was the deterioration in the company’s collections and loss mitigation on...
5May2011 | vitalstocks | 0 comments | Continued