Institutional investors should be called upon to support growth in the UK economy, experts say, as Moody’s downgrades banks that should be providing financial backing.
US District Judge James O. Browning in Albuquerque, New Mexico has ruled that Moody’s Corp., Fitch Inc. and Standard & Poor’s must face a New Mexico securities lawsuit.
In a rare show of expression for the usually intensely private sovereign wealth fund, Singapore's Government Investment Corporation has voiced concern with UBS's trading loss.
UBS, which reportedly suffered a $2 billion loss from unauthorized trading at its investment bank, had its credit ratings put under review for potential downgrade by Standard & Poor’s, Moody’s Investors Service, and Fitch.
The largest public pension fund in the US has settled a lawsuit with Fitch Ratings over claims that it, as well as Moody's Investors Service and Standard & Poor's, assigned inaccurate ratings that resulted in massive losses.
Even with New Jersey Gov. Chris Christie’s proposed public pension reforms, Fitch Ratings has downgraded the State of New Jersey's outstanding general obligation (GO) bonds to 'AA-' from 'AA'.