Moody's believes that Russia has defaulted as it paid two sovereign debt bonds in rubles instead of dollars last April 4, which "changes the payment terms of the original contracts and therefore can be considered a default." "The bond contracts have no provision for payment....
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"There is a very high risk of default on Russian debt payments," - Moody's
The 'rating' agency Moody's sees a "very high" risk of default on payment of Russian debt due to the deterioration of the government's ability to meet its obligations in recent weeks and despite the latest payments. In a report published yesterday, quoted by Lusa, the agency acknowledges that Russia's debt holders have begun...
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"Mozambique's economic outlook has improved, but remains in the Trash," - Moody's
The Moody's rating agency on Friday improved the outlook for the Mozambican economy, from Stable to Positive, but maintained the rating at Caa2, the fourth worst level of sovereign credit analysis, and that implies a "very high credit risk. According to a note released by the rating agency, cited by...
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Moody's maintains stable outlook for European banking
The 'rating' agency Moody's maintains a stable outlook for European banking thanks to the sustained pace of economic recovery and the good level of capital that banks have to face insolvencies, according to Lusa. Moody's report highlights the overall "good health" of most European financial systems.
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"Oil should rise between $50 and $70 this year"... But it's already above that
The Moody's agency has raised its forecast for oil barrel prices in the medium term, with quotations ranging between $50 and $70 per barrel. This is the estimate it had before the impact of the Covid-19 pandemic on prices. This new forecast reflects the expectation that costs...
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July 7, 2021July 7, 2021Economy
"Insurance faces priority risks," says Moody's
The Covid-19 pandemic has altered consumers' (individuals and businesses) perception of insurers, putting even more pressure on the industry to respond to issues that are considered priorities in the coming decades, points out an analysis by Moody's
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"Debt relief implies downgrade because governments lose control," Considers Moody's
Moody's rating agency argues that a downgrade for countries seeking debt relief is inevitable because it is the creditors' committee that decides on restructuring
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"Mozambique runs the risk of defaulting" - Moody's
Scenario could materialize in 2024 if gas production lags and compromises the expected increase in revenues, says the financial ratings agency