Let’s start with recent events that might have escaped notice because of Covid-19 distractions. Two years ago, at the World Economic Forum in Davos, Switzerland, leaders representing about a thousand global companies kicked shareholder capitalism aside and replaced it with stakeholder capitalism.… Continue Reading
Posts Tagged: Moody’s
Moody’s Investors Service downgraded Petrobras’ debt rating, the second time in a year the debt-plagued company has seen its rating fall.
Moody’s doubled down on its junk rating for the state-owned oil giant and lowered Petrobras’ rating from Ba2 to Ba3, with a negative outlook. … Continue Reading
The Big Three credit rating agencies — Standard & Poor’s, Moody’s, and Fitch Group — control about 95% of the market. They played a pivotal role in causing the 2008 financial meltdown.… Continue Reading