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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:57 EDTAGO, MCOAssured Guaranty weakness overdone, says UBS
UBS noted shares of Assured Guaranty (AGO) declined 10% on fears of a Puerto Rico municipal default. The firm said that although the company has exposure it has the excess capital and liquidity to complete its share repurchase program and could issue a new buyback authorization, noting a recent Moody's rating affirmation, its $500M debt issuance in June, and its excess capital position. UBS lowered its price target on Assured Guaranty to $28 from $31 but keeps its Buy rating on the shares.
News For AGO;MCO From The Last 14 Days
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March 26, 2015
10:04 EDTMCOOn The Fly: Analyst Initiation Summary
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07:48 EDTMCOMoody's initiated with an Overweight at Morgan Stanley
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March 17, 2015
10:00 EDTMCOOn The Fly: Analyst Upgrade Summary
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08:18 EDTMCOMoody's upgraded at Evercore ISI
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06:58 EDTMCOMoody's upgraded to Buy from Hold at Evercore ISI
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March 16, 2015
14:19 EDTMCOMoody's backs FY15 EPS $4.55-$4.65, consensus $4.59
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March 12, 2015
14:01 EDTMCOMoody's to acquire Equilibrium, terms not disclosed
Moody’s announced that it has agreed to acquire Equilibrium, a leading provider of credit rating and research services in Peru and other countries in Latin America. Based in Peru, Equilibrium has operated since 1996. Following the acquisition, Equilibrium will continue to issue domestic ratings in Peru and Panama with an independent analytical and rating committee process. Renzo Barbieri will continue to lead Equilibrium’s operations following the acquisition. Equilibrium and Moody’s Investors Service have had a technical services agreement since 2007, through which Moody's has provided Equilibrium with technical support based on its globally recognized credit analysis techniques for companies, governments, financial institutions and structured finance. The acquisition is expected to close in the second quarter of 2015, subject to regulatory approval. It is not expected to have an impact on Moody’s earnings per share in 2015 and will be funded from a combination of US and international cash on hand. Equilibrium’s operations in El Salvador will not be acquired; the other terms of the transaction were not disclosed.
06:41 EDTMCOGM repurchase, dividend plan may delay credit upgrade, Reuters says
General Motors' (GM) $5B share repurchase plan as well as its planned dividend boost may delay its pursuit of a single A credit rating, reports Reuters, citing officials with Standard & Poor's Ratings Services and Moody's (MCO) Investor Service. S&P credit analyst Nishit Madlani stated that it was previously considering GM for an upgrade in 2016, but "upside ratings... [are now] unlikely in the next two years." Moody's SVP Bruce Clark stated a positive rating change is now "probably not going to happen until '16." Reference Link

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