Moody's

Italy's credit rating has been slashed by ratings agency Moody's, piling more pressure on the beleaguered eurozone.

Ratings agency Moody's has extended its review of Italy's Aa2 credit rating by a further 30 days as it assesses the country's financial position.

National Australia Bank is in talks with NBNK, the challenger bank run by former Northern Rock's former chief executive Gary Hoffman, over a merger of its UK operations as part of a bid for the 632 branches being sold by Lloyds Banking Group, plus other...

According to Standard & Poor's, the USA is no longer worthy of a ‘AAA' sovereign debt rating. Novatisam Asset Management's Frank Dolan asks, so what?

The dollar touched a three week low against the euro as investors were kept waiting for signs of progress in US lawmakers' attempt to raise the debt ceiling.

Ratings agency Moody's has said it may cut the US AAA debt rating, citing the "rising possibility" the US will default on its debt obligations.

Ratings agency Moody's has cut the Republic of Ireland's debt rating to junk status.

There was little relief coming Portugal's way after Moody's downgraded the country's credit rating to junk status (Ba2 from Baa1).

The downgrading of Portugal's debt to 'junk' status by Moody's earlier this week has led to renewed criticism, this time from the European Commission (EC), of the role and behaviour of credit ratings agencies.

The FTSE 100 fell in mid-morning trading on Wednesday as European markets absorbed Moody's downgrade of Portuguese debt to 'junk' status.