Showing posts with label Moody's. Show all posts
Showing posts with label Moody's. Show all posts

Thursday, July 26, 2007

US mortgage delinquencies to peak in '08-Economy.com

(Reuters) - The findings are based on consumer credit files from the
credit bureau Equifax and cover 200 metropolitan areas in the
United States.




Moody's Economy.com said the subprime adjustable-rate
mortgage, or ARM, segment will be the hardest hit, with the
in-foreclosure rate forecast to hit 10 percent by mid-2008, up
from the current 4 percent. For comparison, the previous peak
of 6 percent was reached soon after the September 11, 2001,
terrorist attacks, after which the rate fell to a low of 2.5
percent in the summer of 2005.


Read more at Reuters.com Bonds News

Monday, July 23, 2007

Moody's may cut United Rentals' rating on takeover

(Reuters) - The rental company holds a "B1" corporate family rating
from Moody's, which is four steps below investment grade.




Fitch Ratings said on Monday it is keeping United Rentals'
"BB-minus" rating, which is three steps below investment grade,
on watch for a downgrade. [ID:nFit209015]


Read more at Reuters.com Bonds News