The Latest Breaking News from Moody

Companies pledge to cut emissions caused by their production, while opposing measures to reduce emissions

Global credit rating agency Moody’s has raised the Kingdom’s growth forecast to 2.5 percent for the current year from its last estimation of 1.7 percent, backed by moderate levels of debt and large financial reserves, in addition to its huge oil reserves. For next year, it has elevated the expansion…

Moody's Investors Service has kept the outlooks on the ratings for three-oil refining and marketing companies -- Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL) -- stable. Read further on Dynamite News:

Moody’s says outlook for UK’s fifth-largest supermarket, which is £7.5bn in debt, has shifted to negative

Yevgeny Prigozhin says Moscow’s stated aim of capturing eastern regions unlikely to happen in 2023

Egypt's dollar-denominated government bonds fell after Moody's cut the country's credit rating from B2 to B3 late Tuesday. The agency changed its outlook for Egypt to be stable from negative. Egypt has continued to face a shortage of foreign exchange, despite allowing the Egyptian pound to depreciate sharply in the…

Gas price caps, contractor shortages and a bottleneck of network expansions could slow the pace of transition from coal-fired power to clean energy generation.

From a mild recession to a so-called hard landing, we sift through the wild array of recession predictions.

The cryptocurrency exchange’s shares are now worth approximately $55. Moody’s downgraded the exchange’s debt just a day before the price rally.