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Business 12 Jul 2012 | 12:00 AM Premium

Moody's sees stable outlook for Malaysia's banking sector

Moody's Investors Service says the outlook for Malaysia's banking system in the next 12 to 18 months is stable while it expectes GDP to expand at a slower pace of 4% this year from 5.1% last year.

Business 10 Jul 2012 | 12:00 AM Premium

Moody's sees Asian steelmakers' profitability to remain low

Asian steelmakers' profitability will remain low by historical standards, weighed down by oversupply, China's moderating growth rate and still elevated input costs, according to Moody's Investors Service.

Business 03 Jul 2012 | 12:00 AM Premium

Ratings firms: Petronas can still meet debt obligations

PETALING JAYA: Ratings agencies Fitch Ratings and Moodys Investors Service say Petroliam Nasional Bhds (Petronas) proposed acquisition of Canadian firm Progress Energy Corp via subsidiary Petronas Carigali Ltd will not affect the national oil corporations ability to meet its debt obligations.

Business 28 Jun 2012 | 12:00 AM Premium

Moody's downgrades 11 Brazilian banks

NEW YORK: Moody's Investors Service said it had downgraded the ratings of 11 Brazilian financial institutions in line with its review of global banks.

Business 26 Jun 2012 | 12:00 AM Premium

Moody's cuts 28 Spanish banks on sovereign downgrade

NEW YORK: Moody's Investors Service on Monday downgraded the long-term debt and deposit ratings for 28 Spanish banks and two issuer ratings, following on the heels of a cut to Spain's sovereign rating to just above junk status earlier this month.

Business 23 Jun 2012 | 12:00 AM Premium

Moody’s cuts 15 banks’ ratings

CHARLOTTE: Ratings agency Moody’s downgraded 15 of the world’s biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticised the move as backward looking.

Business 23 Jun 2012 | 12:00 AM Premium

Moody's downgrades $64 billion of U.S. muni debt

NEW YORK/MIAMI: Moody's Investors Service on Friday cut ratings on $64 billion of municipal bonds, including debt owed by 1,675 local and state governments, because the obligations rely on 15 global banks the Wall Street credit agency sees as less steady.

Business 22 Jun 2012 | 12:00 AM Premium

Moody's cuts ratings of 15 global banks: What should they do?(update)

NEW YORK: Moody's Investors Service cut the credit ratings of 15 of the world's biggest banks on Thursday in an expected move that was part of a broad review of major financial institutions.

Business 21 Jun 2012 | 12:00 AM Premium

Moody’s upgrade boosts Turkish assets

ISTANBUL: The Turkish lira, bonds and stocks all gained yesterday after credit ratings agency Moody’s raised Turkey’s sovereign debt rating by one notch to Ba1 from Ba2 and maintained its positive outlook on the country.

Business 16 Jun 2012 | 12:00 AM Premium

Moody’s cuts ratings on 11 European banks

AMSTERDAM: Moody’s has cut the ratings of 11 European banks and said it would cut again if Greece ditched the euro, kicking off a long-awaited round of downgrades for major European institutions