Tag: Moody's

• Saturday, July 27th 2024 - 08:32 UTC

  Moody's upgrades Paraguay's rating amid “robust” economic growth

  

  The credit rating agency Moody's Friday upgraded Paraguay's score to “investment grade” thanks to the South American country's robust economic growth. The new status will facilitate access to credit for both the Paraguayan government and the private sector, it was explained.

• Saturday, December 9th 2023 - 09:57 UTC

  Moody's downgrades China's debt; Beijing insists “unnecessary to worry”

  

  Credit risk agency Moody's is warning about growing problems with the Chinese economy, and has cut its outlook on government-s debt to negative from stable. China has become the world's second largest economy and the main trading partner, among others of South American countries.

• Tuesday, November 7th 2023 - 10:17 UTC

  Moody's says adjustment in Argentina inevitable

  

  A recent report from Moody's heralded that a macro-fiscal adjustment is inevitable in Argentina regardless of who wins the Nov. 19 runoff between Economy Minister Sergio Massa and Libertarian Congressman Javier Milei.

• Friday, October 6th 2023 - 10:13 UTC

  Moody's foresees Argentina's future between bad and worse

  

  Regardless of who becomes Argentina's next president as of Decf. 10, 2023, Moody's foresees inflation in the South American country next year will reach 350%. The rating agency's “baseline scenario” scenario also contemplates an economic contraction of 3.5% by 2023, followed by another 2.5% next year, with prices climbing up to 25% each month.

• Saturday, May 6th 2023 - 11:00 UTC

  Latin America needs to take climate change seriously, says Moody's

  

  According to a Moody's Analytics report published this week, Latin America will lose productivity to climate change if it does not take swift action. The document titled “Latin America under the risk of climate change” explained that governments, companies, and financial institutions should adopt preventive measures to reduce carbon emissions, in order to mitigate eventual damages caused by climate change.

• Thursday, November 17th 2022 - 09:58 UTC

  Moody's: Argentina remains high-risk for 2023

  

  The credit-risk rating agency Moody's insisted this week that Argentina's main concern for the foreseeable future was its domestic debt in local pesos while the country keeps swerving through its financial mercuriality in an electoral year.

• Monday, October 24th 2022 - 09:30 UTC

  Moody's: Major devaluation of Mexican peso forecast

  

  According to the credit rating agency Moody's, a devaluation of around 20% of the Mexican peso against the US dollar would be imminent and might take place later this year or in early 2023, it was reported.

• Saturday, September 10th 2022 - 10:35 UTC

  Latin America growth not looking bright for Moody's in 2023

  

  Credit rating consultants Moody's has warned that inflation and political risk will undermine Latin America's growth through 2023 amid recession both globally and in the region's main economies.

• Wednesday, February 9th 2022 - 22:08 UTC

  No harm in Uruguay's banking system dollarized, Moody's report says

  

  Although 76% of deposits in Uruguayan banks are in US dollars, credit rating consultants Moody's have said there was nothing to fear.

• Wednesday, August 26th 2020 - 09:51 UTC

  Moody's downgrades Chilean debt outlook to negative from stable: expected to double in five years

  

  Moody's Investors Service, (“Moody's”) has changed the outlook to negative from stable on the Government of Chile and affirmed the A1 long-term local and foreign currency issuer and senior unsecured ratings, and the (P)A1 foreign currency senior unsecured shelf ratings.