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Rating Agencies

All articles tagged with #rating agencies

business13 days ago•5 min saved

Mamdani Budget Sparks Ripples in NYC Bond Market

New York City’s latest municipal bond sale came up short, underscoring investor skepticism toward Mayor Zohran Mamdani’s budget approach even as officials tout market demand. Higher yields made debt pricier, and three rating agencies lowered the outlook to negative, signaling rising risk. Critics warn that raiding rainy‑day funds and tax‑spending plans could erode confidence and even invite a state takeover if deficits persist, while some wealthy investors stay away from NYC debt amid the uncertainty.

via New York Post|

#business #financial-emergency-act #mamdani

finance2 years ago•1 min saved

"NYCB's Stock Plummets Amid Turmoil and Credit Downgrades"

New York Community Bancorp's shares continued to plummet after receiving credit downgrades from Fitch Ratings and Moody’s Investors Service, leading to concerns about increased borrowing costs. The stock fell as much as 17% and is now trading at its lowest level since 1996. The bank's troubles began after replacing its CEO and disclosing "material weaknesses" in tracking loan risks. Despite NYCB's decline, bank stocks more broadly are performing well, with the KBW Bank Index gaining as much as 2.8% on Monday.

via Yahoo Finance|

#bank-stocks #borrowing-costs #credit-downgrades

finance2 years ago•1 min saved

Navigating the Impasse: The Debt Ceiling Crisis and Its Impact on the Dollar

The WSJ's Timiraos outlines potential actions from the Fed in the event of a debt-ceiling standoff, including buying Treasurys shunned by investors or allowing banks to pledge defaulted securities as collateral for loans. The Fed's ability to remove defaulted securities from the market is limited given the size of the Treasury market. However, if an agreement is delayed and it forces a shutdown, it is best to know what can be done. Regardless, the rating agencies would likely downgrade US debt, leading to increased risk in other markets including stocks.

via ForexLive|

#debt-ceiling #defaulted-securities #fed