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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 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.

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 raises Spain's sovereign debt rating 1 notch

New York, Feb 22 (EFE).- Moody's Investors Service raised Spain's sovereign credit rating one notch from Baa3 to Baa2, citing "sustainable" improvement in the Iberian nation's economy. Referring to Friday's upgrade, Moody's analyst Kathrin Muehlbronner told Efe the ratings agency was confident Spain's recovery had staying power because the government has implemented a broad package of financial reforms. She also said Spain had bolstered its export model and become more competitive, predicting GDP growth of betweeen 1.2 percent and 1.3 percent in 2015 and 1.5 percent in 2016.

Moody's upgrades Spain's credit rating one notch

Moody's raised Spain's sovereign credit rating by one notch Friday, citing progress in reforms to put the economy on a more sustainable track. Moody's Investors Service upgraded the rating to Baa2 from Baa3, and gave the country a "positive outlook", suggesting the potential of a further upgrade. Spain has made faster-than-expected progress in rebalancing the economy away from real-estate investment, where a 2008 price bubble crash sent the economy reeling, towards exports, the ratings firm said.

Moody's upgrades Spain's credit rating one notch

Moody's raised Spain's sovereign credit rating by one notch Friday, citing progress in reforms to put the economy on a more sustainable track. Moody's Investors Service upgraded the rating to Baa2 from Baa3, and gave the country a "positive outlook", suggesting the potential of a further upgrade. Spain has made faster-than-expected progress in rebalancing the economy away from real-estate investment, where a 2008 price bubble crash sent the economy reeling, towards exports, the ratings firm said.

Moody's upgrades Italy's government bond rating to stable on improved financial strength

Moody's Investors Service on Friday raised Italy's government bond rating to stable from negative, citing improved financial strength in the European country. The rating agency says that it expects the ratio of government debt to gross domestic product to level off in 2014 as economic growth modestly resumes. It pointed to Italy's strong government bond market, which is one of the largest in Europe, as an indicator of strength. Moody's also says that that the government's balance sheet is looking less risky, citing lower risks tied to its banking sector.

Moody's cuts Puerto Rico's credit rating to junk

San Juan, Feb 7 (EFE).- Moody's Investors Service on Friday became the second ratings agency this week to downgrade Puerto Rico's credit rating to junk, citing the U.S. territory's persistent economic weakness. Moody's said it lowered the Caribbean island's general obligation bond rating two notches from Baa3, the lowest investment-grade category, to Ba2.

Moody's downgrades Ukraine over escalating crisis

Rating firm Moody's on Friday downgraded Ukraine's sovereign debt rating a notch, citing the country's escalating political crisis and concerns about whether it will continue to have Russian financial support. Moody's cut the country's rating, already in speculative territory, to Caa2 from Caa1, and put the country on "negative outlook," signaling it could be downgraded again in the medium term.

Moody's downgrades Ukraine over escalating crisis

Rating firm Moody's on Friday downgraded Ukraine's sovereign debt rating a notch, citing the country's escalating political crisis and concerns about whether it will continue to have Russian financial support. Moody's cut the country's rating, already in speculative territory, to Caa2 from Caa1, and put the country on "negative outlook," signaling it could be downgraded again in the medium term.

Moody's downgrades Ukraine over escalating crisis

Rating firm Moody's on Friday downgraded Ukraine's sovereign debt rating a notch, citing the country's escalating "political crisis" and concerns about whether it will continue to have Russian financial support. Moody's cut the country's rating, already in speculative territory, to Caa2 from Caa1, and put the country on "negative outlook." The first driver for the downgrade "is the escalation and increasingly violent nature of the crisis that began with peaceful public protests in the capital city of Kiev in November 2013," Moody's Investors Service said in a statement.
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