Your English writing platform
Discover LudwigExact(8)
Fitch Ratings said it was cutting its credit grades on Cypriot banks because of the losses imposed by the deal on senior creditors.
The island's faltering banks suffered a new indignity on Tuesday, as Fitch Ratings said it was cutting its credit grades on Cypriot banks because of the losses imposed by the bailout deal on senior creditors.
The problem is that historical data dont tell us very much about diversification, particularly not in the lowest credit grades.
Moody's makes most of its money from fees for assigning credit grades to bonds, special classes of stock, and banks and insurers' financial strength.
The rating agency has rewarded 37 bond issuers with higher credit grades this year, up from 19 in the same period last year.
Ron Papanek, who heads RiskMetrics' strategy unit, cautions that the credit grades aren't well suited to X-raying financial firms because of the complexity of the assets on their balance sheets.
Similar(52)
California is tied with Louisiana and New York for the lowest state credit grade from Moody's.
Moody's Investors Service cut Calpine's credit grade to junk level last month, citing its debt burden.
Iceland, which is already ranked "junk" at Fitch Ratings, also risks putting its credit grade under pressure if it proceeds with debt relief, according to Moody's Investors Service.
ATHENS (AP) — The Standard & Poor's ratings agency upgraded Greece's credit grade by six notches on Tuesday, lifting the country out of default but leaving its devalued bonds in junk status.
In an interview, Weiss said he doesn't have a specific credit grade in mind.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com