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Monday 27 March 2023 Dublin: 7°C

# Moody's

All time
# Mortgages
1 in 10 Irish mortgages are in arrears
At the same time, one-fifth of all mortgage holders are believed to be having difficulties in meeting mortgage repayments.
# Credit Rating
Moody's downgrades Belgium's debt by 2 notches
Moody’s already rates Ireland’s bonds as junk – but now says that that outlook for Belgium is “negative”.
# Growth
Ireland's economic growth forecast to hit just 1 per cent next year
Moody’s says that the fragility of the state’s economic recovery coupled with recent eurozone pressures mean growth won’t hit the govt target for 2012.
# Credit Ratings
Second ratings agency set to downgrade EU member states
Moody’s follows the lead of Standard & Poor’s, complaining about “the absence of measures to stabilise credit markets”.
# Downgrade
Three top French banks downgraded by Moody's
The ratings agency says the ongoing euro crisis means the eurozone is a “fragile operating environment for European banks” at the moment.
# Eurozone
'The situation in the euro area is rapidly deteriorating,' says OECD
Fresh warnings over health of the eurozone as the OECD and Moody’s voice concerns over continuing spread of debt contagion.
# Eurozone
Credit ratings of ALL European nations under threat, warns Moody's
The ratings agency said “multiple defaults” are now a possibility, and that more than one country could be forced to leave the euro.
# Debt Crisis
Moody's downgrades Spain's credit rating
European leaders are feeling the pressure today as Spain becomes the latest country to experience a credit rating downgrade.
# France
Moody's warns on France's credit rating
The agency says it may put France’s Aaa rating on negative outlook in the coming months over a weakening in the government’s financial position.
# Downgrade
UK and Portuguese banks downgraded by Moody’s
Twelve banks in the UK and nine in Portugal have been downgraded after Moody’s reassessed the financial institutions’ support environment.
# Italy
Moody's cuts Italian credit rating by three notches
The agency cuts its rating of Italy for the first time in two decades – as fears continue over over the viability of the Eurozone.
# France
Moody's downgrades two French banks
In a widely anticipated move, the credit ratings agency has downgraded Société Générale and Crédit Agricole over fears of the banks’ potential exposure to Greek debt.
# Ratings Agency
How did ratings agencies become so powerful? Trains and recessions, that’s how
In the aftermath of the debt downgrade, people are wondering how S&P and the likes became so powerful. Here’s the answer.
# Downgraded
Downgraded: US loses AAA credit rating for the first time ever
Standard & Poor’s decision makes it the first time the US’ credit rating has fallen below the highest level, AAA, which it has held since 1917.
# US Debt
Obama and Boehner spar over mounting US debt crisis
The US president has called for a “balanced approach” to the crisis, but the House Speaker says Obama cannot have a “blank cheque” for it.
Column: Portugal and Ireland have much in common… and we both need a leg-up
On a visit to Portugal, former trader Nick Leeson finds a country that will find it more difficult to recover than Ireland – and shows that Moody’s got our credit rating dive wrong.
# Greece
Greek debt rating cut as Moody's warns of default
The likelihood of a Greek debt default “is virtually 100 per cent”, according to the atings agency.
# New low
Rock bottom? Greece gets the lowest credit rating in the world...again
Fitch has given Greece a CCC rating, following on from other credit rating agencies last month.
Obama walks out of budget talks with Republicans
The US president told Republicans ‘enough is enough’ over the debt ceiling, while the rating agency Moody’s has threatened to review the USA’s AAA rating.
# Junk
European Commission slams "incomprehensible" Moody's downgrade
Jose Manuel Barroso’s spokesman says the Commission can’t understand why Moody’s is taking such a dim view.
# Your Say
Poll: Who do you believe… Moody’s or Michael Noonan?
The credit rating agency says Ireland will probably need a second bailout, while the Department of Finance says the economic plan is on track. Who to believe?…
# Bondwatch
Irish bond prices rocket - again - on 'junk' downgrade
If Ireland borrowed for two years, it would have to pay 18.6 per cent interest – 14 times what Germany would.
# Junk
Department of Finance 'disappointed' by Ireland's junk status
Moody’s decision to downgrade appears to indicate we’ll need a second bailout.
# Moody's
Moody's downgrades Ireland to 'junk'
The credit rating agency has downgraded Ireland just one week after Portugal.
# Moody's
Ireland could be next to face 'junk' status after Portugal - report
Portugal’s credit rating being downgraded to junk status by Moody’s yesterday could pose a “contagion risk” for Ireland, say experts.
# Beratings
EU Commission criticises ratings agencies
Commission President Barroso suggests market “bias” against European countries because of agencies’ reports.
# Downgraded
Moody's downgrades Portugal to junk
Fears of a second bailout mean the outlook on Portuguese debt isn’t so good…
# Daily Fix
The Daily Fix: Friday
In your evening wrap-up: Does the DAA chief deserve a bonus? How is Ireland so good at boxing? And shouldn’t they have called the movie The Anti-Social Network?
# Anger Management
Ratings agency gets Moody on Anglo... again
Unguaranteed bonds in Anglo and Irish Nationwide now lie eight notches below the junk threshold.
# Arrears
Jump in Irish mortgage arrears - Moody's
Some 60,000 homeowners are now three or more months behind on their repayments.
# US Debt
Credit ratings agency Moody's warns of possible US downgrade
Warning comes as US government and Treasury struggle to reach agreement over increasing the country’s debt limit.
# Greece
Greece close to securing the next €12bn tranche of bailout funds
Following reports suggesting the IMF may not approve the next installment of funds for Greece, Germany has moved to ensure the market that the EU/IMF will continue to back the bailout plan.
# Australia
Moody's downgrades four Australian banks
Ratings agency says Australian banking system’s “underlying reliance” on offshore debt as it downgrades banks from Aa1 to Aa2.
Ireland's banks downgraded to junk status
The decision follows last week’s announcement that Ireland’s own credit rating was being downgraded to one notch above junk status.