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Moody's cuts Ukraine rating on rising political crisis

Rating firm Moody's again lowered Ukraine's credit rating by a notch, citing the "escalation" of its political crisis, and put the country on a "negative" outlook for further cuts. Moody's pushed the country's rating further into speculative territory, to "Caa3" from "Caa2" -- a one-notch move matching the rating firm's prior downgrade in January. jt/vs/nss

Moody's cuts Ukraine rating on rising political crisis

Rating firm Moody's again lowered Ukraine's credit rating by a notch on Friday, citing the "escalation" of its political crisis, and put the country on a "negative" outlook for further downgrades. Moody's Investors Service pushed the country's rating deeper into speculative territory, to "Caa3" from "Caa2" -- a one-notch move matching the rating firm's prior downgrade in January. Three factors which underlie Ukraine's longstanding economic and fiscal fragility drove the downgrade, the rating firm said.

S&P to review outlooks on EU banks' ratings by end-April

By Maya Nikolaeva PARIS (Reuters) - European banks may see the outlook on their credit ratings cut as Standard & Poor's looks at possibly reducing the premium it assigns to banks to reflect changes in the level of state support that banks can expect to get in future crises. In revising the premiums S&P would be anticipating new EU rules which from 2016 will force shareholders, bondholders and some depositors to take a loss or "bail in" to help rescue a failed bank before state support kicks in.

Brazil economy to feel scant benefit from Cup: Moody's

Although some sectors in Brazil will gain a boost from the World Cup, the tournament will not have a major economic effect, Moody's rating agency forecast Monday. Standard and Poor's last week cut Brazil's rating to one notch above junk status over sagging growth and inflationary pressures, although Brasilia insisted the South American giant's economy would repond "robustly." Moody's forecast sectors such as retail, food and beverages, accommodation and advertising sectors stood to gain from the June 12-July 13 sporting extravaganza.

Moody's puts Russia on review for downgrade

Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy. The ratings agency's Investor Service said that if the review confirms that Russia's economic strength is being eroded by the situation, it could lead to a one-notch cut in the country's Baa1 rating. The current crisis "could significantly dampen investor sentiment for several years to come by adding to existing deterrents to investment posed by Russia's weak rule of law and high levels of corruption," Moody's said.

Moody's puts Russia on review for downgrade

Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy. The ratings agency's Investor Service said that if the review confirms that Russia's economic strength is being eroded by the situation, it could lead to a one-notch cut in the country's Baa1 rating. The current crisis "could significantly dampen investor sentiment for several years to come by adding to existing deterrents to investment posed by Russia's weak rule of law and high levels of corruption," Moody's said.

Moody's weighing downgrade of Russia's bond rating; cites weaker economy, Ukraine conflict

Moody's Investors Services is considering whether to downgrade Russia's government bond rating, citing a weaker economy and greater risk amid the uncertainty caused by the conflict with Ukraine. The ratings agency said Friday it placed Russia's "Baa1" government bond rating under review for a downgrade. During the process, Moody's will try to gain a better sense of how the Russian-Ukraine conflict is likely to exacerbate Russia's growth challenges, public finances and other factors.

Moody's puts Russia on review for downgrade

Moody's put Russia's credit rating on review for a possible downgrade Friday, saying the Ukraine crisis could exacerbate its already troubled economy. Moody's said it "expects that the increased economic uncertainty triggered by the conflict with Ukraine will contribute to an economic GDP contraction of around 1.0 percent in 2014, against pre-crisis expectations of growth of around 2 percent." pmh/vlk

S&P wants to split up $5 billion U.S. ratings lawsuit

By Jonathan Stempel (Reuters) - Standard & Poor's asked a federal judge to split up the U.S. government's $5 billion civil fraud lawsuit accusing it of lying about its credit ratings, saying it would be unfair to have to defend against a case of such "unmanageable scope" all at once. In a court filing on Tuesday, the McGraw Hill Financial Inc unit proposed holding a trial in two phases, with the first focusing on just the 17 securities where Citigroup Inc is alleged to have suffered losses.

Dagong chief says credit ratings need 'Chinese wisdom'

The man behind Beijing-based credit ratings agency Dagong says "Chinese wisdom" will help it take on mighty Western names that failed by not predicting the global financial crisis. "I think if you look at the entire picture of the international credit ratings sector, a lot of credit rating agencies have been influenced by the way of thinking of the Western ratings agencies," said the firm's chairman Guan Jianzhong.
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