Credit Ratings News
- Auto workers make concessions to Detroit Three Thursday, December 4, 2008 @ 12:54AMWorried about their jobs and warned that failure could lead to a depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Detroit Three, including all but ending a much-derided program that let laid-off workers collect up to 95 percent of their salaries.
- Ford Said to Seek as Much as $6 Billion for Volvo (Update2) Thursday, December 4, 2008 @ 12:51AMDec. 4 (Bloomberg) -- Ford Motor Co. may seek to sell Volvo for as much as $6 billion, close to what it paid for the Swedish carmaker 10 years ago, and is using JPMorgan Chase & Co.
- Tepid response to NBFC papers Thursday, December 4, 2008 @ 12:49AMDipping interest rate, wary MFs hit finance companies’ fund mop-up plans. Life is getting tougher day by day for non-banking finance companies (NBFCs).
- Rating downgrades on the rise Thursday, December 4, 2008 @ 12:48AMLast 2 months have not seen even a single upgrade. Reflecting the downturn in the economy, there has been a sharp increase in credit rating downgrades in the last two months.
- Asian Money Costs Rise; Central Banks Struggle to Revive Credit Thursday, December 4, 2008 @ 12:46AMDec. 4 (Bloomberg) -- Japanese and Australian funding costs rose and South Korean banks paid a record amount to borrow U.S. dollars as concerns about meeting end-of-year cash needs overwhelmed central bank rate cuts and easier access to money.
- Port Authority bond offering finds no takers Thursday, December 4, 2008 @ 12:42AMThe Port Authority of New York and New Jersey received no bids from investment banks seeking to underwrite a taxable note offering in another sign that the seizure in credit markets persists.
- Around the nation Thursday, December 4, 2008 @ 12:22AMOil prices wavered near three-year lows as investors weighed falling global demand and a government report showing an unexpected decline in U.S. crude inventories.
- UAW grants concessions, exec warns of depression Thursday, December 4, 2008 @ 12:22AMWorried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Detroit Three, including all but ending a much-derided program that let laid-off workers collect up to 95 percent of their salaries.
- Around the region Wednesday, December 3, 2008 @ 12:09AM
- 03-12-2008: Moody’s downgrades IOI, outlook stable Tuesday, December 2, 2008 @ 11:38PMHONG KONG: Moody’s Investors Service has downgraded the issuer rating of IOI Corporation Bhd to Baa1 from A3 and the ratings of the senior unsecured bonds and loans issued by IOI Ventures (L) Bhd, which are guaranteed by IOI, have been downgraded to Baa1.
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- Bush says he was not ready for war upon taking office Tuesday, December 2, 2008 @ 12:43AMIn a surprisingly candid admission, President George W. Bush said that when he was elected to the White House he was not prepared to wage war and that one of his biggest regrets as president was the inaccurate intelligence upon which he based his decision to attack Iraq.
- BoJ Announces Steps To Facilitate Corporate Financing Tuesday, December 2, 2008 @ 12:40AM(RTTNews) - Tuesday, the Bank of Japan announced money market operation measures to facilitate corporate financing in the wake of global financial market turmoil creating liquidity problems in the domestic financial markets.
- Ford weighs selling Volvo amid industry downturn Tuesday, December 2, 2008 @ 12:35AMDETROIT | Ford Motor Co. is considering selling Volvo Car Corp. as the beleaguered U.S. automaker seeks to raise cash and survive tight credit markets and a global automotive sales crisis.
- Bond Risk Rises on Concern Central Banks Unable to Spur Economy Tuesday, December 2, 2008 @ 12:26AMDec. 2 (Bloomberg) -- The cost of protecting Asia-Pacific bonds from default rose on speculation central banks are reaching the limit of what they can do to ease the severity of the global economic recession.
