Displaying 10 out of 9 results

  1. FILE PHOTO: The sun rises behind the Canary Wharf financial district in London

    UK economy to slump over 10%, debts to surge: Moody's

    Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody's warned on Friday, while its ...
  2. A board at the New York Stock Exchange

    The devil's in the detail for junk debt investors facing coronavirus defaults

    Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now ...
  3. FILE PHOTO: The logo of U.S. motorcycle company Harley-Davidson is seen on one of their models at a

    Harley-Davidson lays off staff, cuts salaries, amid coronavirus outbreak

    Harley-Davidson Inc said on Wednesday the majority of its global production employees were currently on a temporary layoff due to the coronavirus ...
  4. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London

    Crisis haunts British banks in coronavirus relief effort

    With the future of many coronavirus hit firms in their hands, British banks, still scarred by the financial crisis, are worried that they are ...
  5. FILE PHOTO: Ferrari Formula One driver Rubens Barrichello of Brazil speeds during a practice sessio

    Moody's downgrades Formula One's outlook to negative

    Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis ...
  6. FILE PHOTO: People walk behind the logo of SoftBank Corp in Tokyo

    SoftBank criticises Moody's after two-notch downgrade

    SoftBank Group Corp on Wednesday hit out at credit ratings agency Moody's after it downgraded the tech conglomerate by two notches to Ba3 and took ...
  7. FILE PHOTO: The Canary Wharf financial district is seen from the construction site of 22 Bishopsgat

    Downgrade doom looms for coronavirus-hit firms and markets

    A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets.
  8. FILE PHOTO:  French carmaker Renault's 2019 annual results presentation in Boulogne-Billancourt

    Renault shares fall after Moody's cuts company to 'junk' status

    Renault's shares fell on Wednesday after credit rating agency Moody's cut its rating on the French carmaker's debts to "junk" status.