Moody's Corporation
American business and financial services company
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March 6 2024 | Moody's Investors Service was officially renamed to Moody's Ratings. |
March 2021 | Moody's reached a settlement with the European Union and was fined 3.7 million euros ($4.35 million) for alleged conflicts of interest. |
2019 | Moody's purchased a controlling share in Four Twenty Seven, a climate risk data firm, expanding its capabilities in climate-related financial risk assessment. |
January 2017 | Moody's agreed to pay nearly $864 million in a settlement with the Department of Justice and 21 states, including a $437.5 million payment to the DOJ and $426.3 million to state authorities. |
June 2013 | Moody's Investor Service warned that Thailand's credit rating may be damaged due to a costly rice-pledging scheme that lost 200 billion baht ($6.5 billion) in 2011-2012. |
April 2013 | Moody's settled fourteen lawsuits with groups including Abu Dhabi Commercial Bank and King County, Washington, addressing allegations of inflated ratings on structured investment vehicles. |
March 2013 | Moody's Investors Service published a Global Credit Research report examining US non-financial corporate sector cash holdings, revealing that companies held $1.45 trillion in cash by the end of 2012, a 10% increase from 2011. |
2012 | US non-financial corporate sector reached a record cash holding of $1.45 trillion, a 10% increase from the previous year. |
2011 | Following the European sovereign debt crisis, Moody's downgraded Portugal's sovereign debt, which led to significant media attention and economic implications. |
2011 | US non-financial corporate sector held a record $1.32 trillion in cash, with an estimated $840 billion (58%) held overseas. |
September 30 2011 | The SEC acknowledges in its annual examination report that both the subscriber-pays and issuer-pays models have inherent conflicts of interest. |
October 2010 | The Financial Stability Board (FSB) created a set of principles aimed at reducing reliance on credit rating agencies in the laws, regulations, and market practices of G-20 member countries. |
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