Tagged: Moody’s

Moody’s cut Ireland’s rating to Junk

Moody’s cut Ireland’s rating to Junk

Ireland joined Portugal and Greece as the third euro-area nation to have its credit rating reduced to below investment grade as European Union finance ministers struggle to contain the region’s sovereign debt crisis. Moody’s...

Affect of Portugal downgrade is here!!

This was evident and had to happen. As Moody’s downgraded Portugal to Ba2 status which means that the government bonds of Portugal are now in Junk category, the 10-Year yield of Portugal government bonds...

Welcome aboard Portugal, here is your Ba2 ticket!!

Welcome aboard Portugal, here is your Ba2 ticket!!

Portugal just took a ride on the sinking ship of EU carrying all the junk bonds which are so heavy that drowning is just a matter of time. Nothing can take Europe out of...

China’s Debt problem is more than just bad

China’s Debt problem is more than just bad

Debt problem in China seems to be bigger than anticipated. China has undisclosed bad debt under write-offs. Moody’s have found that out of $ 1.6 Trillion debt of local governments in China, $1.3 Trillion...

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