How to Profit From Hungary's Downgrade to Junk Status
After having its credit rating lowered to junk status, Hungary is the latest European country to see its borrowing costs climb higher.
The country was downgraded by Moody's Investors Service from Baa3 to Ba1 with a negative outlook a week after it had to ask the International Monetary Fund ("IMF") for help.
(SFG, SIX, GBLHF, MCO) Stocks in Focus by PennyOmega.com
(KRA, GRHU, WPC, DLKM, MCO) Stock Report From PennyOmega.com
GreenHouse Holdings, Inc. (OTCQB:GRHU) a leading provider of energy efficiency solutions and sustainable infrastructure products, announced that it has been engaged to implement Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program for two industrial customers. The customers are Apogee Containers, Inc. and MGE UPS, LLC.
Berkshire Hathaway Being Investigated By Connecticut Attorney General
Connecticut Attorney General Richard Blumenthal is investigating a possible conflict of interest created by Berkshire's 19.5% stake in ratings agency Moody's, considering the importance of any ratings provided to Hathaway Assurance by Moody's. The probe is part of a general investigation into conflicts of interest in the credit ratings industry.
For Ratings Firms Holding AAA Sacrosanct is Foolish
This article looks at why the ratings firms should act now to repair their reputations by doing broad based downgrades. It also examines the effect this would have on GSEs and the capital adequacy ratios of many financial firms. It points out the disconnect between the rating's firms own loss projections and the ratings they have on AAA tranches.