On January 24, famed short-seller Hindenburg Research published the now infamous report on alleged massive fraud at the Adani Group. The conglomerate is run by Gautam Adani, Asia’s richest man (at the time of writing).… Continue Reading
Posts Tagged: Moody’s
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
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