The Latest Breaking News from Moody

Moody's Changes Saudi PIF's Outlook to Positive

Moody's has changed its outlook on Saudi Arabia’s Public Investment Fund (PIF) from "stable" to "positive" and affirmed its long-term issuer and senior unsecured ratings at A1. According to the performance evaluation, the rating reflects PIF's standalone creditworthiness as expressed by a BCA of A1.

Asharq Al-Awsat · Mar 24, 2023

Rating Agencies Raise Saudi Economy Rating with Positive Outlook

Rating agencies have upgraded the Saudi economy to a “positive” and stable outlook. They affirmed that the structural reforms have been reflected in the tangible progress in economic development and the support of diversification policies, especially in the non-oil sector. S&P Global Ratings upgraded its credit report for Saudi Arabia,…

Asharq Al-Awsat · Mar 19, 2023

Credit Suisse Meets to Weigh Options, under Pressure to Merge with UBS

Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG. Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess…

Asharq Al-Awsat · Mar 18, 2023

Debt limit action needed by mid-August, analysts warn. Here are 5 possible scenarios

​WASHINGTON — ​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Tribune News Service · Mar 8, 2023

Debt limit action needed by mid-August, analysts warn

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Tribune News Service · Mar 7, 2023

Debt limit action needed by mid-August, analysts warn - Roll Call

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act.

Roll Call · Mar 7, 2023

Women are consistently overqualified for top management jobs but they're still getting shut out and it's contributing to a $7 trillion problem

The gender pay gap in fast-growing sectors like information and technology results in women losing out on future wage and income gains.

Fortune · Mar 6, 2023

Big Biz's "dishonest climate accounting"

Companies pledge to cut emissions caused by their production, while opposing measures to reduce emissions

Salon · Mar 3, 2023

Markets brace for Pakistan default risk as $7 billion debt looms

ISLAMABAD: Bondholders are bracing for a potential default by Pakistan as the beleaguered nation struggles to meet billions of dollars in debt repayments by June.

The Times of India · Mar 2, 2023

Moody’s Upgrades Saudi Economy Growth Forecast

Global credit rating agency Moody’s has raised the Kingdom’s growth forecast to 2.5 percent for the current year from its last estimation of 1.7 percent, backed by moderate levels of debt and large financial reserves, in addition to its huge oil reserves. For next year, it has elevated the expansion…

Asharq Al-Awsat · Mar 2, 2023