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Moody's Official Says Bank Downgrades Will Be Delayed To Assess JP Morgan, Euro -Bloomberg

DOW JONES NEWSWIRES Moody's Investors Service plans to delay its publication of bank downgrades as it evaluates the impact of J.P. Morgan Chase & Co.'s (JPM) trading losses and the prospect of a euro breakup, Bloomberg News reported, citing an unnamed Moody's official. However, a Moody's spokeswoman said the timetable for "concluding bank rating reviews" hasn't changed. The spokeswoman said in an email that "Moody's expects to conclude the reviews by the end of June." Moody's announced in February that it would review the credit ratings of 114 banks in 16 European countries. The ratings agency delayed its timetable in April, saying it would reach downgrade decisions on some of the banks in May. Full story at http://www.bloomberg.com/news/2012-05-14/moody-s-said-to-delay-bank-downgrades-amid-crisis-jpmorgan-loss.html -Dow Jones Newswires; 212-416-2900

Stock News for Moodys (MCO)
DateTimeHeadline
09/19/201408:44:49France Seeks Investigation into Report on Fate of Moody's Rating...
09/10/201408:20:24Moody's Cuts Outlook For Brazil's Major Banks
09/10/201408:06:11Moody's Cuts Outlook For Brazil's Major Banks to Negative From...
08/04/201420:01:01Moody's Says France Will Likely Miss Deficit Target
07/25/201417:59:11Moody's Raises Portugal's Credit Rating -- Update
07/25/201417:31:32Moody's Raises Portugal Credit Rating
07/25/201409:43:08U.S. Hot Stocks: Hot Stocks to Watch
06/26/201416:53:08Peru's Economic Proposals Trigger Environmental Concerns
06/26/201405:19:08Moody's Warns on Australia House Prices
06/23/201406:53:15Moody's: Hungary Court Ruling on FX Loans Credit Could Hurt Banks
06/08/201422:50:40Malaysian Bonds Won't Require Rating From 2017
05/30/201410:25:23Moody's Warns on EU New Banking Rules
04/20/201406:17:33MARKET SNAPSHOT: Long View On Stocks Is Best During Weak Earnings...
02/21/201409:40:08Moody's Offers to Increase Stake in India's ICRA
02/14/201417:53:37Berkshire Reports New Position of 2.95 Million Shares of Liberty...
02/03/201406:42:20Moody's: Turkey's Monetary Tightening Credit Negative for Banks
01/08/201409:10:16ADP Says Private-Sector Jobs Grew in December
01/08/201409:02:17ADP: Private Businesses Add 238K Jobs in December, Above Expectations
11/15/201309:03:11Chilton Investment Co. 3Q 13F: Largest Purchases
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Holdings As Of Sep 30

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