MCO250117C350000
- 140.00
- 0.000.00%
Moody's Newsroom
Moody's has downgraded the rating outlook for the City of Los Angeles to negative, maintaining the Aa2 rating.
Moody's has downgraded the City of Los Angeles's rating outlook from stable to negative while maintaining the Aa2 rating. The rating agency discussed various issues related to wildfires. The potential liabilities associated with the fires "could place financial pressure on government and corporate Operations, preventing them from fully recovering costs and maintaining affordability." Moody's stated that the City of Los Angeles has ample liquidity but may face higher leverage, "related to significantly increased capital investment needed for climate adaptation and resilience." Moody's noted that the city's Aa2 issuer rating reflects its "diversified economy and exceptionally large tax base, despite being affected by wildfires."
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Moody's upgraded Novo-Nordisk A/S's credit rating to Aa3, with a "positive" outlook.
The credit rating agency Moody's has upgraded the long-term credit rating of Danish pharmaceutical giant Novo-Nordisk A/S from A1 to Aa3, with the outlook raised from "stable" to "positive." Moody's stated that this rating upgrade reflects the company's growth in diabetes and obesity medications (mainly Ozempic and Wegovy), as well as a moderate patent risk over the next three years, and a solid and increasingly diversified product line, despite the focus on diabetes and obesity treatment. The institution added that Novo-Nordisk A/S's very strong crediting indicators also played a role. The outlook upgrade is due to Moody's expectation that Novo-Nordisk A/S will continue its growth in the next 12 to 18 months.
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Moodys Analyst Ratings
BMO Capital Maintains Moody's(MCO.US) With Hold Rating, Raises Target Price to $481
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Moody's: The Bank of Japan may raise interest rates by 25 basis points on Friday.
Economists at Moody's Analytics indicate that the Bank of Japan may raise interest rates by 25 basis points on Friday. The economists state that the recent hawkish remarks made by Bank of Japan Governor Kazuo Ueda and Deputy Governor Ryozo Himino suggest that further tightening policies are on the horizon. Since the Bank of Japan skipped the interest rate hike in December, the weak yen, coupled with a series of inflation signs exceeding expectations among consumers, producers, and import prices, has increased the likelihood of taking MMF action. The economists suggest that the December CPI, to be released on Friday, may show higher annual consumer price inflation, but with deeper layers.
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If You Invested $100 In This Stock 10 Years Ago, You Would Have This Much Today