Moody's

Newsday's coverage

• Moody's downgrades LIPA's bond rating

  Investor Service on Wednesday downgraded LIPA's bond ratings by one notch with a negative outlook, citing "persistently weak" credit metrics and other uncertainties. The move follows turmoil at LIPA after superstorm Sandy, including a cash crunch tied to more   Read more »

• Suffolk County sells $152M in anticipation notes despite Moody's downgrade

  notes, using state and federal aid as collateral, which will be repaid by next March. The interest rate on both is 0.61 percent.While Moodys Investor Service last month dropped the countys bond rating two notches from A1 to Aa2 with a negative outlook, the   Read more »

• Dowling credit rating unchanged amid struggles

  problems and enrollment declines continue to plague Dowling College , a Moody's Investors Service report released Thursday found.But Moody's left Dowling's Caa1 credit rating -- a speculative grade -- intact and removed it from review. Moody's twice downgraded   Read more »

• UK's Cameron to dismiss calls for policy shift

  previewed in extracts released ahead of the speech -- come following a bruising set of economic developments in recent weeks.Moody's Investor Service downgraded the U.K.'s credit rating last month, saying that sluggish economic growth would hinder the government's   Read more »

• Pound struggles after UK debt downgrade

  was somewhat expected."It is hardly a bolt from the blue," said Jonathan Loynes, the chief European economics at Capital Economics. "Moody's had the U.K. on negative watch since February 2012."Two other ratings agencies-- Fitch and Standard & Poor's -- have   Read more »

Around the web

• Moody's to review Hospira rating for downgrade

  and Drug Administration related to an inspection at its Lake Forest, Ill. development site, boosting regulatory uncertainties, Moody's said. Hospira shares lost 61 cents to $35.31 in afternoon trading. The stock has traded between $28.62 and $37.78 in the 5/22/13 from ChicagoBusiness.com Read more »

• Coca-Cola FEMSA Announces 10 Year Bond Issuance in Mexican Market

  the lowest ever achieved by a corporate issuer in the Mexican Peso bond market. This issuance received credit ratings of Aaa.mx from Moody's and AAAmex from Fitch. The use of the proceeds will be used by the Company for general corporate purposes, including 5/22/13 from iStockAnalyst Read more »

• Brown defends state's business climate

  fund. He said there are larger differences in revenue projections most years, so "that's not money you can spend." Also Wednesday, Moody's issued a statement encouraging lawmakers to use the governor's more conservative revenue forecast. The rating service 5/22/13 from Recordnet.com Read more »

• Moody's responds to Fitch's critique of a Triple A CMBS rating

  demand. Spreads on the most subordinated pieces widened considerably, however. The deal was originally sized at US439.75m. Moody's said that Fitch's critique did not appreciate the nuance between "pro-forma" income, which is an unwarranted projection of property 5/22/13 from Reuters Read more »

• Moody's prefers California governor's conservative revenue outlook

  with the relatively conservative and cautious plan urged by Governor Jerry Brown, Moody's Investors Service said on Wednesday. Moody's, which rates California A1 with a stable outlook, said in a report that Brown's "fairly conservative" revenue forecast would 5/22/13 from Reuters Mobile Read more »