Stay updated with breaking news from Aa 1. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Governor Kathy Hochul today announced the recent upgrade of various credit ratings for New York State by Moody's Investors Service, including the upgrade of New York's issuer rating and ratings on general obligation, personal income tax revenue and sales tax revenue bonds, to Aa1 from Aa2.
Look at the stock markets here in europe, been trade for almost two hours. the selling does continue, not perhaps as vicious as it was an hour or so ago. but off by .6% for the ftse, the cac and the dax and the zurich smi off by .37%. moody's rating agency has downgraded spain from aa-1 to aa-2 saying it doesn't think the government -- the restructuring of the banking structure will cost us perhaps what the government assumes. it thinks it will cost more. and also, it's not sure that the government, the madrid government, has a handle on getting on top of the debt and deficit crisis just yet. ...
Jumps 11%, easing back from 9% higher. still not bad. still looking at what's going on here in europe, the markets are nearly 92 minutes into their trading day. the selling does seem to be continuing, although perhaps not as vehemently as a half hour ago. off about two-thirds or .75% for the ftse, the paris cac, the zurich smi and xetra dax. and moody's has downgraded spain from aa-1 to aa-2. for two reasons, it says first, the cost of restructuring the spanish banking sector is going to be greater than the government has hitherto assumed and does not have that much confidence in the spanish's...
Latest updates on this topic from reliable sources.
Government's current consumptions. s going to cost more to sort out spain's banks than the government is saying moment. second, and i quote, continued concerns over the ability of the spanish government to achieve the required sustainable and structural improvement in general government finances. so moody's then downgrading spain by one notch to aa-1. let's have a quick look at european stock markets. reacting to that news which of course is not good for the currency. and the ftse is off by .75%. paris down, and the dax 1%. this is generally bad news and the bearish atmosphere on wall street i...