Upside is based on a soft landing in China.
Comments »Moody’s Places Credit Suisse on Review
“Credit Suisse Group AG (CSGN), the second- biggest Swiss bank, may have its long-term credit rating cut by Moody’s Investors Service after the investment banking unit posted a loss and income at the wealth-management division fell.
The ratings company put Credit Suisse AG’s Aa1 rating and Credit Suisse Group AG’s Aa2 rating on review for a downgrade, Moody’s said in a statement today. The Zurich-based lender’s results were “more volatile” than peers and its year-to-date returns compared with risk weighted assets were weaker.”
Comments »Goldman Goes Super Bullish on Caterpillar
Moody’s Puts Penn State Bond Rating Under Review
Another potential blow for Penn State as Moody’s says the sex scandal debacle will last for years….
Comments »Moody’s: Italy Could Trigger US Financial Contagion
“The U.S. economy could be hurt by Lehman-like financial contagion if the eurozone debt crisis engulfs major European countries such as Italy, Moody’s Investors Service said.
That is still not the assumption adopted by the ratings agency, which expects the economy to grow between 1.5 percent and 2.5 percent in 2012.
Moody’s has warned, however, that any significant departure from that growth range could have implications for the United States’ Aaa rating. ”
Comments »Moody’s Downgrades India’s Banking System
“Global ratings firm Moody’s on Wednesday downgraded the outlook of the Indian banking system to “negative” from “stable” amid an economic slowdown, which is affecting asset quality, capitalisation and profitability.
“With asset quality, given the tightening environment, we anticipate that it will deteriorate over the next 12-18 months, thereby causing an increase in provisioning needs for the banks in FY2012 and FY2013,” Moody’s Vice-President and Senior Analyst Vineet Gupta said.
A “negative” outlook is one that is characterised by volatility and uncertain conditions, according to Moody’s.”
Comments »Fitch Warns of Credit Rating Risks With Companies Doing Excessive Stock Buy Back Programs
Analysis of iPhone Integration in China
Top Gold Analyst See New Highs in Gold Soon
Analyst Mike Mayo: Non Performing TBTF Banks Should Be Broken Up
Nomura Analyst: S&P 500 to Plunge 45% by Next Year
Moody’s Puts Out a Negative Credit Report for Europe
S&P Releases Positive Statements on the EFSF; Reaffirms Ratings
Deustche Banks Ups U.S. GDP
S&P Ups Credit Rating of Swiss Re
Technician Expects 1328 Peak on S&P by Year End (video)
Fitch Reports Greece Would Reach a State of Default Even With a 50% Haircut
Analyst Do A 360 on GDP
Tilson Is Now long NFLX
Money manager Whitney Tilson was famously the lone man willing to say the Netflix emperor had no clothes. Now, he sees the emperor in all his finery. Full Story
Comments »$FIO Top Tech Pick for 2012, Barron’s
Fusion-IO, Inc. (NYSE: FIO), is ripping higher out of the gate, Monday morning. The move could be related to Barron’s calling Fusion-IO its top tech pick for 2012. Barron’s also has a 12-month price target of $52 on Fusion-IO, indicating about 100 percent of growth. From street insider
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