TheRepublic.com - Corporate credit News

Fitch removes Ally Financial from negative watch

Fri, 24 May 2013 13:48:22 -0400

NEW YORK - Fitch Rating is no longer considering lowering its credit rating for Ally Financial after the company agreed to pay $2.1 billion as part of a settlement plan to resolve potential financial claims stemming from its mortgage division, Residential Capital LLC, which is in bankruptcy proceedings.

S&P downgrades Berkshire Hathaway's credit rating

Thu, 16 May 2013 12:16:38 -0400

OMAHA, Nebraska - Warren Buffett's Berkshire Hathaway Inc. was downgraded by Standard & Poor's Ratings Services Thursday after the credit rating agency changed the way it evaluates insurance companies.

Moody's downgrades U.K.'s Co-operative bank

Fri, 10 May 2013 09:20:40 -0400

LONDON - The Co-operative Bank on Friday sought to reassure its customers that it didn't need a government bailout after Moody's Investors Service downgraded the U.K. lender's debt ratings to "junk" status.

Warren Buffett's firm sells 1.4M Moody's shares

Tue, 07 May 2013 13:16:31 -0400

OMAHA, Nebraska - Berkshire Hathaway Inc. has sold nearly 1.4 million more Moody's shares, so it has unloaded more than 3 million shares of the credit ratings agency this month.

Moody's cuts JC Penney long-term ratings

Tue, 30 Apr 2013 15:50:05 -0400

NEW YORK - Moody's Investors Service is lowering its long-term ratings for J.C. Penney, saying a new term loan won't fix long-term performance concerns or reduce the amount of cash the retail store operator is expected to go through over the next 12 months.

James Bond studio to open 1st US facility in Ga.

Mon, 29 Apr 2013 15:55:34 -0400

ATLANTA - The British film studio that's home to the James Bond movie franchise announced plans Monday for its first U.S. film production facility, at a site near Atlanta.

Moody's, S&P settle lawsuits over debt ratings

Sun, 28 Apr 2013 10:07:31 -0400

NEW YORK - Ratings agencies Standard & Poor's, Moody's and investment bank Morgan Stanley have settled two lawsuits dating back to the financial crisis that accused them of hiding risky investments.