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Page "1997 Asian financial crisis" ¶ 39
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Moody's and eventually
With Moody's mechanical genius, the first power loom in America was eventually developed and perfected, and installed at the Boston Manufacturing Company mill, which harnessed the power of the Charles River.

Moody's and downgraded
Hungary's sovereign foreign currency debt issuance carries investment-grade ratings from all major credit-rating agencies, although recently the country was downgraded by Moody's, S & P and remains on negative outlook at Fitch.
In Autumn 2011, Standard & Poor's and Moody's downgraded Italian sovereign debt rating because of " Italy's weakening economic growth prospects.
In January 2011, Moody's Investors Service downgraded to a " negative " outlook from " stable " some of the revenue bonds that the Chicago Department of Aviation had issued to help pay for the $ 15 billion O ' Hare Modernization Program and related capital-improvement projects.
For example, Enron's rating remained at investment grade four days before the company went bankrupt, despite the fact that credit rating agencies had been aware of the company's problems for months .< ref name =" enron2 "> Or, for example, Moody's gave Freddie Mac preferred stock the top rating until Warren Buffett talked about Freddie on CNBC and on the next day Moody's downgraded Freddie to one tick above junk bonds.
When Hannover management refused, Moody's continued to give Hannover Re ratings, which were downgraded over successive years, all while making payment requests that the insurer rebuffed.
In the wake of the Asian market downturn, Moody's lowered the credit rating of South Korea from A1 to A3, on 28 November 1997, and downgraded again to B2 on 11 December.
After the Royal Bank of Canada was downgraded to Aa1 by Moody's on December 13, 2010 TD was the only member of Canada's Big Five banks with a perfect AAA credit rating ( at the time CIBC was Aa2, Scotiabank Aa1 and the Bank of Montreal Aa2 ).
In june 2012 rating agency Moody's downgraded Rabobank's to Aa2 ( previously Aaa ).
In October 2011, Moody's downgraded the credit rating of 12 UK financial firms, including Nationwide, because of a reduced likelihood of government support for smaller institutions in any financial crisis.
In October 2011, Moody's Analytics downgraded the credit rating of 12 UK financial firms including Lloyds TSB blaming financial weakness.
Moody's downgraded the rating of the company's bonds to " junk " status on June 28.
On June 19, 2008 Moody's downgraded Ambac's credit rating three notches to Aa3.

Moody's and long-term
At the same time, more generally, the largest agencies ( Moody's and Standard & Poor's ) are often seen as promoting a narrow-minded focus on credit ratings, possibly at the expense of employees, the environment, or long-term research and development.
In 2002, Moody's rating agency confirmed a Caa1rating based on the region's long-term foreign currency liabilities.
From Moody's press release-" Moody's Investors Service has assigned Caa2 long-term and not prime ( NP ) short-term foreign currency deposit ratings, a B3 long-term local currency deposit rating, and an E + financial strength rating ( FSR ) to AsiaUniversalBank ( AUB ), Kyrgyz Republic.

Moody's and debt
Moody's ( in March 2000 ) and Fitch IBCA ( in January 2002 ) issued investment-grade ratings for Mexico's sovereign debt.
In 2011, Moody's Investors Service, a bond rating agency, rated $ 57 million worth of new debt in 2010 with a positive outlook and echoed their Aa2 bond credit rating for the underlying institution.
Some of the challenges that Moody's noted were the reliance that the museum has on the tourist industry in New York for its operating revenue, and a large amount of debt.
In 2004, Moody's cut Hannover's debt to junk status, and even though the insurer's other rating agencies gave it strong marks, shareholders were shocked by the downgrade and Hannover lost $ 175 million USD in market capitalization.
In 2009 Moody's included Quiksilver on its Bottom Rung list of companies most likely to default on its debt.
On account of the growing concerns over the country's sovereign debt ratings, credit ratings agency Moody's has lowered the ratings for ICICI Bank.
Moody's Investors Service rates debt securities in several market segments related to public and commercial securities in the bond market.
This criticism was followed on 25 July 2012 with a statement questioning the timing and motivations behind the US rating agency Moody's comments over European ratings, drawing links with rating announcements in Europe with attempts to divert the attention of the markets from the growing debt mountain and economic difficulties in the US.
Freddie's senior debt credit rating remains Aaa / AAA from each of the major ratings agencies Moody's, S & P, and Fitch.
In 2011, Moody's affirmed the museum's Aa2 rating on its $ 185 million in outstanding debt.
Moody's Investors Service announced it was reviewing all US $ 4 billion of Dynegy debt.
Currently, Moody's Investors Service has lowered the rating of the senior unsecured debt of Ambac Financial Group Inc. ( Ambac Financial ) to C from Ca, and placed the Caa2 insurance financial strength ratings ( IFSR ) of Ambac Assurance Corporation ( AAC ) on review for possible upgrade on 3 / 26 / 2010.
As a result, Moody's downrated the debt for the city.
In 2009, Level 3 Communications made it into a " bottom rung " list of the Moody's rating agency, which contained companies with the highest debt payment failure risk.
Basket D is a reference to a point on Moody's debt-equity continuum scale that treats the hybrid as 75 % equity and 25 % debt.
Moody's joined Fitch in cutting the State's debt rating ( though still three levels above " junk " status ), because of " increasing " risk to debt service payments.

Moody's and junk
Moody's proceeded to downgrade Ireland's government bond ratings to junk in mid-2011.
On 5 July 2011, Portugal's rating was decreased to " junk " status by Moody's ( by four notches from Baa1 to Ba2 ) saying there was a growing risk the country would need a second bail-out before it was ready to borrow money from financial markets again, and private lenders might have to contribute.
On 13 July 2012, Moody's cut Italy's credit rating two notches, to Baa2 ( leaving it just above junk ).
According to Peter Robison and Christopher Donville of Bloomberg News, as reported in the Seattle Times ( April 17, 2009 ), " Weyerhaeuser is in a financial crisis so deep the largest U. S. lumber producer turns down the heat in its offices to save money ..." On September 28, 2009, Moody's reported Weyerhauser's proposed new notes rated at Ba1, a rating that puts them with junk bonds.

Moody's and bond
The credit risk of a high-yield bond refers to the probability and probable loss upon a credit event ( i. e., the obligor defaults on scheduled payments or files for bankruptcy, or the bond is restructured ), or a credit quality change is issued by a rating agency including Fitch, Moody's, or Standard & Poors.
In early March 2008, Moody's followed suit and indicated that it would also review the county's ability to meet other bond obligations.
Specific bond debts owed by both governments and private corporations is rated by rating agencies, such as Moody's, Fitch Ratings Inc., A. M. Best and Standard & Poor's.
Minnesota property taxes rose $ 2. 5 billion, more than the previous 16 years combined, and Moody's lowered the state's bond rating.
As a result of his fiscal stewardship, Moody's Investors Service upgraded the city's bond rating.
Moody's was founded by John Moody in 1909 to produce manuals of statistics related to stocks and bonds and bond ratings.
Moody's Corporation traces its history back to two publishing companies established by John Moody, the inventor of modern bond credit ratings.
Moody's Investors Service is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name.
* Middle Investment Grade 1, A credit rating for municipal bonds issued by Moody's or Standard and Poor's bond rating agencies
Moody's Aaa Corporate Bond, also known as " Moody's Aaa " for short is an investment bond that acts as an index of the performance of all bonds given an Aaa rating by Moody's Investors Service.

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