Moody's

...it downgraded ratings for Sprint Nextel Corp. because it is taking longer than expected to stanch a deterioration in its profit. Moody's downgraded the wireless service company's corporate family and probability of default ratings further...

In this article: Sprint, Nextel Communications, Overland Park, Kan., and NEW YORK

...recognized improvements in customer service, amid intense competition and slowing industry growth," said Moody's analyst Dennis Saputo in a report. Moody's said that AT&T Inc <T.N> and Verizon Communications Inc <VZ.N> pose the greatest...

In this article: Sprint, Cash flow, AT&T Inc, and Verizon Communications Inc

...who provide millions in campaign donations and other resources to lawmakers. All state offices are up for election next year. Moody's said that failing to make cuts in major spending areas within the next three months will likely...

In this article: David Paterson, New York, New York, and Tax

...Bank's credit profile has certain weaknesses that make the bank less well positioned for a B financial strength rating, Moody's said. Moody's said their review will incorporate the expectation that Deutsche Bank and other banks globally will...

In this article: Deutsche Bank AG

...Pfizer Inc.'s $68 billion purchase of Wyeth, and Merck and Co.'s $41.1 billion acquisition of Schering-Plough Corp. Moody's said it has a more positive view on companies that focus on generic drugs, as the launch of new drugs will cancel...

In this article: Pfizer Inc, Revenue, Plavix, Lipitor, Cholesterol, Bristol-Myers Squibb, Schering-Plough Corp., and Wyeth

...<UBSN.VX> <UBS.N>, citing challenges the Swiss bank faces from a loss of customer confidence and declining investment banking revenues. Moody's cut UBS's deposits and senior debt ratings one notch to Aa3, the fourth highest investment grade,...

In this article: UBS, Revenue, Risk management, Tax, Subordinated debt, and U.S.

...changes reflect a new method put into effect on Tuesday for rating subordinated debt and preferred shares. Under the changes, Moody's said it is ending the assumption that such instruments would benefit from government support. The bank's...

In this article: Wells Fargo, Subordinated debt, and Wachovia

...will have little need to dip into existing available credit. It now has about $160 million cash on hand, Moody's said. The agency also said the company had nothing currently outstanding under its revolver loan. Jones shares fell 23...

In this article: Jones Apparel Group Inc., NEW YORK, and Capital expenditure