Latest Moodys Headlines
All the headlines from our Moodys Topic Page, ordered by recency.
Credit Rating Firms Under Scrutiny; Spitzer Subpoenas Moody’s
Aug 1 2005 // The nation’s credit rating agencies are facing increased scrutiny from federal officials and New York Attorney General Eliot Spitzer. In recent months, the Securities and Exchange Commission and Congress have moved...
St. Paul Intercompany Pool Outlook Neg
Aug 23 2004 // Moody’s Investors Service changed the outlook on the ratings for the legacy St. Paul intercompany pool to negative from positive. The outlook for St. Paul, TPCC, and TIGHI and the legacy Travelers intercompany pool...
Moody’s Elects Kist to Board of Directors
Jul 9 2004 // Moody’s Corporation announced that Ewald Kist, who retired as the head of Holland’s ING Group in June, has been elected to the Board of Directors effective immediately. Kist, 60, had headed ING since June 2000....
Moody’s Reviewing AMP Ratings for Possible Upgrade
Jun 24 2004 // Moody’s Investors Service announced that it has placed the long-term ratings of Australia’s AMP Ltd. group of companies under review for possible upgrade. Moody’s said the “the review reflects...
Best Rates ACE INA Debt ‘bbb+’; Moody’s ‘A3’
Jun 4 2004 // A.M. Best Co. announced that it has assigned a rating of “bbb+” to ACE INA Holdings, Inc.’s $500 million ten-year 5.875 percent senior unsecured notes. Moody’s Investors Service has assigned the...
Moody’s Lowers Swiss Re’s Ratings
May 27 2004 // Moody’s Investors Service announced that it had downgraded the insurance financial strength rating and long-term debt ratings of Swiss Reinsurance Company and its various guaranteed and non-guaranteed subsidiaries by...
Fallout from MMC’s Kroll Acquisition
May 20 2004 // Major acquisition announcements inevitably trigger a lot of fallout – very like the effect of throwing a large rock into a still pond. The ripples spread out over the pond’s surface. MMC’s announcement...
When Comparing Apples-To-Apples Whom Should You Trust’
May 17 2004 // Hard markets have a way of making insurance company financial strength ratings a hot topic of discussion, and not just among insurance agents and brokers. Professional risk managers and other insurance buyers, consumer...
S&P, Moody’s Give Assured Guaranty High Ratings
May 10 2004 // Both Standard & Poor’s Ratings Services and Moody’s Investors Service have assigned high ratings to Assured Guaranty and its subsidiaries, the international surety insurer, formed from the spin off of ACE...
Moody’s Lowers Travelers P/C Debt Ratings
Apr 1 2004 // Moody’s Investors Service announced that is has lowered the debt ratings of Travelers Property Casualty Corp., and those of its subsidiary Travelers Insurance Group Holdings Inc., by one notch. Senior debt was...
Moody’s Downgrades Lloyd’s Syndicate 1007; Revises Syndicate 2147 Outlook to Stable
Mar 15 2004 // Moody’s Investors Service announced that it has downgraded the A1 Insurance Financial Strength Rating (IFSR) of Lloyd’s syndicate 1007, SVB Syndicates Limited, to A2 and assigned a stable outlook. It also...
Moody’s Issues Upbeat Report on Lloyd’s
Mar 12 2004 // Moody’s Investors Service’s latest forecasts for the Lloyd’s of London insurance market indicate that Lloyd’s could record profits totaling around £6 billion ($10.8 billion) for the 2002 to 2004...
Moody’s Issues Report on Bermuda
Jan 13 2004 // Moody’s Investors Service has issued its annual report on Bermuda, discussing the island’s Aa1 foreign currency country ceilings, Aaa domestic currency rating, and stable outlook, which the rating agency...
Moody’s Affirms ING’s Debt Ratings
Jan 12 2004 // Moody’s Investors Service announced that it has affirmed the debt ratings of ING Groep N.V. (ING Group) and ING Verzekeringen N.V. (ING Insurance) at Aa3 for senior debt, A1 for subordinated debt, and Prime-1 for...
Moody’s Comments on Italian P/C Insurers Outlook and Ratings
Jan 9 2004 // A report from Moody’s Investors Service notes a stable rating outlook for Italy’s rated P/C insurers and a steady improvement in results since 2001. “The continued upturn for most of the seven rated...
Moody’s Affirms Everest Re Group Ratings
Jan 8 2004 // Moody’s Investors Service announced that it has assigned prospective ratings to the $975 million universal shelf registration of Everest Re Group, Ltd. (Everest Re Group) — prospective senior unsecured debt at...
Italy’s Parmalat Collapse Felt in U.S. – $1.6 Billion Says Moody’s
Dec 24 2003 // The fallout from the collapse of Parmalat, the Italian dairy and food-processing group, is spreading ever wider. With commentators and analysts now calling it “Europe’s Enron,” it will undoubtedly affect...
CNA Posts $1.8 Billion 3Q Loss, Cut By Moody’s
Nov 13 2003 // Chicago-based insurer CNA Financial Corp. reported a net loss for the third quarter of 2003 of $1.8 billion, or $7.94 per share, as compared with net income of $54 million, or 24 cents per share, for the same period in...
Moody’s: Wildfires Will Hurt Insurers’ Bottom Line
Nov 12 2003 // Moody’s Investors Service said in a statement that it does not expect its ratings or outlook on the U.S. personal lines insurance sector as a whole to be impacted solely by the recent spate of California...
Moody’s Sees “Positive Impact” from Proposed German Tax Reforms
Oct 31 2003 // Moody’s Investors Service has issued a bulletin stating that “Germany’s proposed decision to reform the taxation of German life & health insurers would have a significant and timely positive impact...
