Philippine sovereignty credit rating to decline: Moody&#39;s
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The Philippine sovereignty credit rating would likely to be downgraded due to concerns over the sustainability of the government&#39;s fiscal and debt positions, international ratings
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Moody&#39;s Investors Service may downgrade ratings on Argosy Gaming and its potential suitor, Penn National Gaming Inc., following the companies&#39; merger announcement Wednesday.
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Philippine shares finished lower Wednesday on selling triggered by a clutch of negative financial news and the steep fall of blue-chip Philippine Long Distance Telephone Co.&#39;s American depositary receipts, traders said.
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MANILA (Dow Jones)--Philippine shares ended lower Thursday on last-minute profit-taking in select blue chips led by Philippine Long Distance Telephone Co.
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CEBU, Philippines  - Philippine officials played down on Thursday the risk of militants bombing a gathering of Asian leaders next week after the British and Australian governments warned of potential terrorist attacks.
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Moody&#39;s Investors Service on Thursday said it may downgrade the debt ratings for Penn National Gaming Inc. (PENN.O: Quote, Profile, Research) and Argosy Gaming Co.
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FGIC Corp's bond insurance arm lost its top "AAA" rating from Fitch Ratings on Wednesday, a blow to the insurer's business model that could also cause downgrades to more than 100,000 municipal bonds.
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The subprime mortgage debt crisis will have little impact on the U.S. or Asian economies because that loan market is relatively small and would not create a ripple effect, Moody's Investors Service said on Wednesday.
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Fitch Ratings on Monday said it may downgrade the foreign and local currency debt ratings for Mexico&#39;s Cemex (CEMEXCPO.MX: Quote, Profile, Research) , citing the cement maker&#39;s plans to buy Britain&#39;s RMC Group for 2.3 billion
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Moody&#39;s Investors Service on Thursday  downgraded its debt ratings on Canadian publisher Thomson Corp.  and Reuters Group Plc, citing a significant increase in  leverage that will result from Thomson&#39;s pending acquisition of  Reuters.
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By AnnMarie Cornejo, The Tribune, San Luis Obispo, Calif.  Feb. 15--The former Philippine Islands Market on Ocean View Avenue in downtown Pismo Beach will be demolished and four condominiums built in its place, the city's Planning Commission decided Tuesday.
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The specialty pharmacy company announced on Monday that falling reimbursements will significantly weaken its 2005 earnings. The warning comes just weeks after investors learned that Accredo could soon lose
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Credit analysts warned on Monday that if  Moody's Investors Service downgraded some specialist bond  insurers it could have far-reaching impact on financial  markets.
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Moodyâs Investors Service may reduce the ratings of $5 billion of collateralized debt obligations after lowering the ratings of subprime mortgage bonds that make up the securities.
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Goldman Sachs Group Inc.  subprime mortgage bonds issued last year are being downgraded by rating companies at the fastest rate of any issuer, according to Citigroup Inc. research dated June 22.
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Moody's Investors Service lowered the credit ratings on $5.2 billion of bonds backed by subprime mortgages and Standard &amp; Poor's said it may cut ratings on $12 billion as the companies seek to deflect criticism they were too slow to act as home-loan defaults rose.
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Socioeconomic Planning Secretary Romulo Neri on Tuesday said the Philippines is far from declaring default on its debts. &quot;We are not yet in that situation (bankruptcy),&quot; Neri told dzMM when asked if the Philippines