Oct 8, 2015

Analysts: Port of Baltimore standing still

Economists cite lack of infrastructure in highly competitive market.

Oct 2, 2015

Report: Md. economy reliant on federal jobs, lacks private-sector growth

ODENTON — Maryland’s economy has become increasingly dependent on federal jobs and has failed to grow the private sector or increase venture capital funding, according to a report by Moody’s Analytics. The report, which was presented Friday afternoon to the Maryland Economic Development and Business Climate Commission, notes this reliance has allowed the state to […]

Johns Hopkins_lab mice
Aug 21, 2014

‘Eds and meds’ strengthen Baltimore’s credit

Baltimore was singled out by Moody's as a primary example of how universities and hospitals can contribute to a city's economic vitality.

Sep 24, 2013

Moody’s downgrades Howard U’s credit rating

WASHINGTON — Moody’s Investors Service has downgraded Howard University’s credit rating, citing revenue declines at the historically black college and automatic federal budget cuts from Congress. Moody’s issued its downgrade Tuesday after a review that began in July. Howard’s rating was reduced from A3 to Baa1, indicating a moderate credit risk. Moody’s says fundrai[...]

Sep 22, 2013

Moody’s: Established gambling markets faltering

LAS VEGAS — Established gambling towns like Las Vegas and Atlantic City are hurting as more states start welcoming bettors’ dollars, Moody’s Investors Service warned last week. The credit rating agency issued a report describing a shift in casino tax revenues away from New Jersey, Indiana and Nevada to new markets in places like Pennsylvania, […]

Jan 16, 2013

Moody’s: Outlook for higher ed sector now negative

Moody’s Investors Service on Wednesday downgraded its outlook for the higher education sector to negative across the board, saying even prestigious, top-tier research universities are now under threat from declining enrollment, government spending cuts and even growing public doubts over the value of a college degree. Previously, its outlook had been stable for those better-positioned [&hell[...]

Sep 11, 2012

Moody’s set to downgrade U.S. without budget deal

NEW YORK — The U.S. government’s debt rating could be heading for the “fiscal cliff” along with the federal budget. Moody’s Investors Service on Tuesday said it would likely cut its “Aaa” rating on U.S. government debt, probably by one notch, if budget negotiations fail. If Congress and the White House don’t reach a budget […]

Aug 6, 2012

A year later, S&P downgrade of U.S. looks like a dud

WASHINGTON — The rating agency Standard & Poor’s stunned the world a year ago by stripping the U.S. government of its prized AAA bond rating. The downgrade of long-term U.S. Treasurys threatened to sow chaos in financial markets, driving up U.S. interest rates, pushing the dollar down, scaring investors away from stocks and into that […]

Jul 24, 2012

Moody’s may downgrade Penn State’s credit

NEW YORK — Moody’s Investors Service said Monday it may cut its rating on Penn State’s credit as the university deals with the fallout from the Jerry Sandusky child sexual-abuse case and sanctions against the school’s football team. The agency has an ‘Aa1’ rating on Pennsylvania State University’s credit. That is its second-highest possible rating. […]

Jul 19, 2012

Morgan Stanley closes a bleak bank earnings season

NEW YORK — It’s tough being a big bank these days. Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered — down more than 5 percent. The report capped a dismal season for the banking […]

Apr 18, 2012

Treasurer talks to O’Malley about Moody’s report

ANNAPOLIS — Maryland’s treasurer briefed Gov. Martin O’Malley on Wednesday about a credit rating agency’s concern over the state’s unresolved budget situation, telling the governor that Moody’s Investor Services wants to be kept informed about developments. Maryland Treasurer Nancy Kopp, who briefed O’Malley before a meeting of the state’s Board of Publi[...]

Nov 28, 2011

Fitch keeps AAA US credit rating but dims outlook

WASHINGTON — Fitch says it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel’s failure to agree on long-term deficit cuts. But it is lowering its outlook to negative. The rating agency says it has less confidence in the federal government’s ability to take the necessary steps […]

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