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Moodys News

News on Moodys (Ticker: MCO) continually updated from thousands of sources around the net.

Thursday Sep 11 | Bloomberg

Ghana Sells $1 Billion of Bonds While Seeking IMF Aid

Ghana sold $1 billion of bonds less than a week before the arrival of an International Monetary Fund mission intended to help bring stability to an economy battered by the world's worst currency rout. The West African nation priced the amortizing notes due January 2026 to pay 8.25 percent, or 5.72 percentage points more than similar-maturity U.S. Treasuries, according to data compiled by Bloomberg.

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Related Topix: World News, Ghana, Africa, Financial Markets, Financial Services

Thursday Sep 11 | The Washington Post

Junk Blitz Making September Busiest Since 2008: Credit Markets

The riskiest borrowers are leading to the busiest a September in at least six years for speculative-grade bond sales in the U.S. as Moody's Investors Service warns that protections in the debt are declining. J.C. Penney Co., the retailer whose liquidity Goldman Sachs Group Inc. warned a year ago was under strain, is among issuers that have sold or are planning more than $17.5 billion in bonds this month, data compiled by Bloomberg show.

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Related Topix: Financial Services, Goldman Sachs, Investment Services, Financial Markets, Steel, Mining, AK Steel Holding, Clear Channel Communications, Media, Radio, Television, Management

Thursday Sep 11 | Hispanic Business

Moody's Interfax assigns Baa3.ru national scale rating to Obrazovanie Bank

The rating action is based on Obrazovanie's audited IFRS accounts for 2013, 2012 and 2011, statutory accounts as at H1 2014, and information provided by the bank's management. Please see ratings tab on the issuer/entity page on moodys.com for information on Global Scale Rating.

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Related Topix: Financial Services

Wed Sep 10, 2014

PE Hub

Vestcom to pay $95 mln dividend to shareholders, including Court Square

Vestcom is in the market with a $335 million loan, according to Thomson Reuters Loan Pricing Corp. Most of that will be used to repay debt, but about $95 million will go to pay a dividend to its shareholders, Moody's Investors Service said . The deal will boost Vestcom's leverage to 5.5x debt-to-EBITDA from its current 4x, Moody's said.

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Related Topix: Media, Medicine, Triad Hospitals, Computers, IT Services, Hospital Administration, Healthcare Industry, Thomson, Reuters, Financial Services

Bloomberg

Apollo Sweetens Jupiter Terms as Gas Prices Wane: Canada Credit

Apollo Global Management LLC is sweetening the terms of a junk bond funding a C$2 billion bet on a recovery in natural-gas prices and its first acquisition of Canadian gas assets. Apollo's Jupiter Resources Ltd. revived the $1.13 billion offering after shelving the deal in August, and increased the yield on the eight-year notes to a range of 8.5 percent to 8.75 percent, from 8.25 percent in August, according to people with direct knowledge of the transaction who couldn't be identified before terms are public.

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Related Topix: North America, Canada, World News, Energy, EnCana, Oil & Gas, Financial Markets, Financial Services

Barron's

Turkey's GDP Disappoints, Emerging Markets Sink

The MSCI EM Index, up 3.5% for the year through Tuesday, was down 1.3% in London trading this morning. The Hong Kong Hang Seng Index fell nearly 2% and Brazil's Ibovespa Index is down 1.15% a day after Moody's downgraded Brazil's sovereign debt .

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Related Topix: RiskMetrics, MSCI, Financial Services

Lincoln Daily News

Moody's reveals deep trouble with Illinois pension system

The state of Illinois finds itself worst in the nation when it comes to pension liability, says a new report from Moody's.

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Related Topix: Pension, Personal Finance, Illinois, Financial Services

Tue Sep 09, 2014

Star Tribune

Twin Cities metro counties propose 2015 property tax collections

Hennepin, Washington and Scott counties moved Tuesday toward bumping up their property tax collections next year, while Ramsey County plans to hold steady for the second consecutive year. Hennepin County Administrator David Hough proposed collecting just shy of $700 million next year, an increase of $18.7 million over 2014.

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Related Topix: Ramsey County, MN, Financial Services, Health Insurance, Health, White Bear Lake, MN, Arden Hills, MN

Barron's

Brazil Sells Off As Moody's Downgrades Debt

Moody's Investors Service on Tuesday lowered the outlook for Brazil's sovereign debt to negative, sending markets lower and posing a new obstacle for Pres. Dilma Rousseff's reelection campaign.

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Related Topix: Financial Services, Dilma Rousseff

NEWS.com.au

Finance News Update, what you need to know

Apple has moved to recapture its role as the leading tech trend-setter as it unveiled its first smartwatch and two large-screen versions of the iPhone. RIO DE JANEIRO - Ratings agency Moody's has lowered its outlook for Brazil, in the latest blow to President Dilma Rousseff's economic record, just weeks before she is to seek re-election.

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Related Topix: World News, Brazil, Financial Services, Dilma Rousseff, Oak Brook, IL, Restaurant Management, Mcdonalds

AmericanBankingNews.com

Martinco PLC (MCO) Declares Dividend of GBX 1.30

Martinco PLC declared a dividend on Tuesday, September 9th, AnalystRatings.NET reports. Shareholders of record on Wednesday, September 17th will be given a dividend of GBX 1.30 per share on Tuesday, September 30th.

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Related Topix: Financial Services

Business Times

HSBC sets price talk on debut dollar CoCos

HSBC Holdings has started to gauge investor interest on a long-awaited inaugural dollar-denominated contingent convertible bond deal on Wednesday [NEW YORK] HSBC Holdings has started to gauge investor interest on a long-awaited inaugural dollar-denominated contingent convertible bond deal on Wednesday. The trade is coming in the form of two perpetual non-call tranches, one running up to January 2020 and the other September 2024.

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Related Topix: Financial Services, HSBC Holdings, Banking

Hispanic Business

Moody's proposes revisions to its Bank Rating Methodology

The changes aim to provide a new framework for determining how each type of creditor is likely to be affected when a bank needs to be resolved, and to help more precisely predict bank failures. While the proposed methodology is necessarily global in scope to ensure consistent application, it embeds the flexibility to recognize the substantial differences between regions and individual institutions.

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Related Topix: Financial Services

Hispanic Business

Moody's places Synovus on review for upgrade

The Not Prime short-term ratings of the bank were affirmed and are not on review. RATINGS RATIONALE The review reflects the progress Synovus has made in enhancing its risk profile.

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Related Topix: Financial Services

Sat Sep 06, 2014

The Miami Herald

Moody's: State pension debt vs. revenue is worst

Illinois' pension liability as a percentage of state revenue is far and away the nation's highest, a major credit-rating agency says in a new report. Moody's Investors Service reported that the state's three-year average liability over revenue is 258 percent.

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Related Topix: Financial Services, Sangamon County, IL

Fri Sep 05, 2014

Investor's Business Daily

Moody's Corporation to Webcast 2014 Investor Day

The event will start at 8:00 a.m. Eastern Time and is expected to conclude at 1:00 p.m. The event will feature presentations from Moody's management team and showcase important aspects of the business. A copy of the presentations will be posted on Moody's Investor Relations website, http://ir.moodys.com , at the start of the event.

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Related Topix: Financial Services

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

The event will start at 8:00 a.m. Eastern Time and is expected to conclude at 1:... )--Flint Hills Resources announced today an agreement with Southwest Georgia Ethanol, LLC to acquire its ethanol plant in Camilla, Georgia.

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Related Topix: Central Valley, NY, Weather, Natural Disasters, Drought, Financial Services

Thu Sep 04, 2014

Sys-Con Media

ADP Small Business Report: Small Business Employment Increased by 78,000 Jobs in August

Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, free of charge. The ADP Small Business Report is produced by ADPA , a leading global provider of Human Capital Management solutions, in collaboration with Moody's Analytics.

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Related Topix: Financial Services, Small Business, Personal Finance

Bloomberg

McGraw Hill Selling Jet Shows CEO's Effort to Top Moody's

Doug Peterson sold his old boss's jet not long after becoming chief executive officer in November, a move to cut expenses that help keep McGraw Hill Financial Inc. less profitable than rival Moody's Corp. The $5 million annual savings aren't the biggest concern for the 126-year-old company, however. It's a $5 billion U.S. Justice Department lawsuit against McGraw Hill's Standard & Poor's unit claiming it accommodated issuers of mortgage bonds at the expense of investors before the 2008 financial crisis.

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Related Topix: Financial Services, Home, Mortgage, Personal Finance, Financial Markets, Manhattan, NY, New York, NY

Wed Sep 03, 2014

Bloomberg

U.S. Company Bond Sales Eclipse $24 Billion in Busiest Day

Corporate bond issuance in the U.S. reached $24.3 billion today in what was the busiest session for the year as the market powers back to life after the sleepiest August since 2008.

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Related Topix: Financial Services, Financial Markets, US News

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