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Preliminary Details for August Durable Goods Contradict Extreme Pessimism
Friday, September 24, 2010 - 9:25am | 319Read More...From Moody's Ex-Transportation, the details are most encouraging that the US is not going to hell in a handbasket quite yet: · Core capital goods orders recovered 4.1% in August, following July's revised 5.3% Plunge (previously 8%). Capital goods orders are up 18% from a year ago. Core...
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Coincident With Lower Interest Rates In August, Both Mortgage Apps And Housing Starts Were Up In August
Tuesday, September 21, 2010 - 12:09pm | 143Read More...You can see a big trough in the housing starts in June and July, but August housing starts rebounding and surprised on the upside. Following the housing starts data today, Moody's summarized the trend in housing data as still one of “softening.” Moody's painted a ‘darkening picture' then noted...
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Moody’s Cuts Transocean’s Credit View; Shares Up
Thursday, June 10, 2010 - 1:56pm | 197Read More...This afternoon, credit analyst Ken Austin of Moody’s Investor Services changed his outlook on Transocean’s (NYSE: RIG) credit quality from “stable” to “negative,” citing the "growing uncertainty surrounding the ultimate effect on Transocean as a result of its involvement in the blowout and...
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Moody’s Downgrades Dubai-Based Banks
Monday, December 14, 2009 - 3:07pm | 122Read More...Moody’s Corporation Ltd (NYSE: MCO)(FREE stock trend analysis) downgraded Emirates NBD (to A2 from A1), Mashreqbank (to Baa1 from A2) and Dubai Islamic Bank (to Baa1 from A1) concluding its rating reviews for these banks initiated in Aug-09. According to the rating agency, the downgrades reflect...
