Government stimulus policies should trigger a gradual and painful rebound of the global economy
Failure to maintain public trust would limit measures taken by governments to stimulate their economies
The big goodwill impairment charge announced by Royal Bank of Canada won’t affect its ratings or outlook, Moody’s Investors Service said Friday. The bank announced Friday that it would take a US$850 million goodwill impairment charge related to its international banking unit. In Moody’s view, the bank’s U.S. retail banking operation was the primary source […]
New research from Moody’s Investors Service sees elevated refunding risk for the US$300 billion of investment-grade non-financial corporate bonds that will mature during the next three years.The study of 330 investment-grade non-financial corporate issuers in the U.S. with debt maturing between 2009 and 2011 indicates that credit ratings have migrated downward during the last year. […]
Corporate debt defaults topped US$280 billion in 2008
Speculative-grade maturities are due to escalate in the next three years
Rating agency forecasts a flood of corporate defaulters in 2009
Tax cuts could lessen fiscal flexibility
Default rate expected to rise sharply this year
Corporate default rates will likely climb sharply throughout 2009