usecontact usabout moody scompany overviewinvestor relationsmedia relationscorporate social responsibilityalumni go there are too many sessions currently in use on this account log in cancel research & ratings overviewratings newsrating methodologiesratings disclosuresratings performanceregulatory affairscode of professional conductsector in depthlook up a ratingfind an analystinteractive chartsmarket segmentcorporatesfinancial institutionsstructured financemanaged investmentsinfrastructure & project financesovereign & supranationalsub sovereignu.s . public financeregionnorth americalatin america & caribbeaneurope middle east & africaasia pacificresearch typeissuer researchindustry sector researchmethodologycapital markets researchdefault & ratings analyticseconomic researchdata reportspolitical economic groupemerging marketseuropean unionasia pacific economic cooperation apec association of southeast asian nations asean commonwealth of independent states cis eurozonegulf cooperation councilmercosurorganisation for economic co operation and development oecd credit policyrating methodologiesrequests for commentthe commercial grouphow to get ratedratings definitionsratings policy & approach products & solutions overviewmoody s analyticsmoody s pricing & valuations toolsmoody s advisory servicesmoody s economy.commoody s training & certificationproducts listing by a zareas of expertisecredit research and risk measurementeconomic & consumer credit analyticsenterprise risk solutionsstructured analytics and valuationtraining and certificationaccess productscredit risk calculatorcredit transition modelcredit trendscreditedge default recovery database drd default risk service structuredfund monitoringlosscalc market implied ratings mir moody s financial metrics moody s project finance scorecardmoody s quantitative ratings estimator qrate municipal financial ratio analysisratings interactiveriskcalc news & events overviewratings newseventstraining eventstopics log in register log in please log in for full access to your permissions . password is case sensitive . user name password automatically log me in when i return log in forgot your username or password or log in using please note we brought you to this page based on your search query . if this isn t what you are looking for you can continue to search results for the maximum number of items you can export is 3 000 . please reduce your list by using the filtering tool to the left . close ratings highlights ratings news a3 rating assigned to nj ttfa s 2.8 b fed . highway reimbursement rev. notes 2016 ser . a ; outlook negative greece s government bond rating affirmed at caa3 ; outlook stable czech republic s a1 rating affirmed ; stable outlook maintained aa3 rating assigned to alaska s 3.3 b pension obligation bonds ; outlook negative aa2 issuer rating assigned to aberdeen city council outlook negative more ratings news most viewed issuers deutsche bank ag barclays bank plc turkey government of bnp paribas societe generale national coming out day featured event more events today s events 16 oct 2016 20161016 view all featured solutions more products & solutions follow moody s moody s investors service research moody s analytics news moody s company page moody s ratings news and research highlights group access our full social media account list editor s choice most read topics market outlook moody s analytics weekly market outlook october 13 2016 equities and credit downplay subpar backdrop capital markets research read report view page credit outlook moody s credit outlook october 13 2016 credit implications of current events . published twice a week . access report view page brexit britain s eu decision moody s insight on the uk s vote to leave view research us in focus united states in focus read the latest insight and analysis on the factors driving us credit markets view the research china china s trilemma growth reform and stability get moody s insight into the key challenges facing china s credit universe view research 13 oct 2016 moody s investors service chinese overseas m & a shift towards higher value sectors set to continue outbound m & a activity by chinese companies continues to grow at a rapid pace . the country s drive for structural reform is shifting the focus of m & a activity away from resource related sectors and towards higher value industries in the pursuit of technology brands and new markets . we expect this trend to continue although there are significant execution and financial risks that could prohibit m & a deals from generating synergies ... press release l full report 11 oct 2016 moody s investors service de risking of five european global investment banks will slow legacy asset reductions will slow for five european global investment banks gibs barclays credit suisse deutsche bank rbs and ubs over the next 12 18 months . economic uncertainty in the united kingdom and slow economic growth in the rest of europe will continue to reduce investors appetite for the high yielding assets in these gibs non core divisions despite historically low interest rates ... press release l full report 06 oct 2016 moody s investors service global automotive manufacturing industry outlook revised to negative from stable as demand softens we revised the outlook for the global automotive manufacturing industry to negative from stable amid weakening global demand . we expect sales to decline modestly in the us and western europe and sales growth to fall sharply in china in 2017 ... press release l full report 05 oct 2016 moody s investors service crude price increase and reduced costs will keep global oil and gas sector stable into 2018 earnings in the global integrated oil and gas sector will stabilize over the next 12 18 months as higher oil prices and lower operating costs improve firms profits from their upstream operations . however the sector is likely to stay free cash flow negative because companies continue to pay sizable dividends ... full report l press release 04 oct 2016 moody s investors service deutsche bank s potential litigation costs pose hurdle for reengineering efforts deutsche bank s negotiations with the us department of justice aim to settle civil claims in connection with the bank s underwriting and issuance of residential mortgage backed securities and related securitization activities between 2005 and 2007 . eliminating the claims litigation tail risk at a manageable cost would be credit positive for deutsche bank . however negotiations have just begun and the final cost to settle complex capital markets litigation remains very difficult to predict ... full report 10 oct 2016 moody s investors service moody s credit outlook 10 october 2016 06 oct 2016 moody s analytics liquidity buoys credit capital markets research 10 oct 2016 moody s investors service moody s investors service update on credit ratings remaining on review 06 oct 2016 moody s investors service moody s credit outlook 6 october 2016 06 oct 2016 moody s analytics 6 october 2016 market data highlights 14 oct 2016 moody s investors service sovereign & supranational rating list 07 oct 2016 moody s investors service moody s update on sovereign calendar issuers 06 oct 2016 moody s analytics operating lease and pension interest rates october 2016 capital markets research 06 oct 2016 moody s investors service automotive manufacturing industry global outlook moves to negative as us china demand softens 03 oct 2016 moody s investors service moody s credit outlook 3 october 2016 adjusting to lower commodity prices a credit perspective learn more more topics adjusting to lower commodity prices a credit perspective commodity prices have fallen to deep multi year lows . the declines reflect a number of factors including changes in supply demand and exchange rates . this page provides a centralized source for moody s research on the credit impact of the sharp drop in commodity prices . china s trilemma growth reform and stability china s policy makers have three main policy objectives maintaining reasonably high rates of gdp growth reforming and rebalancing the economy and ensuring financial and economic stability . however against a backdrop of slower growth capital flow volatility and rising corporate stress it will be increasingly difficult for these policy objectives to be achieved in unison which will pose challenges for china s credit universe . this page provides a centralized source for moody s research related to key credit issues in china as the country s macroeconomic story continues to unfold . euro area the road to sustainable growth irrespective of the euro area s emergence from the acute phase of the region s debt crisis in the second half of 2012 economic growth despite its recent acceleration has been subdued reflecting continued large stocks of public debt restrictive financing conditions and pre existing long term structural constraints including poor demographic prospects . given these obstacles as well as the still incomplete nature of the euro area s economic union the growth model of the european union and its core the euro area continues to face challenges . this page provides a centralized source for moody s research related to key credit issues concerning these matters . environmental risks and developments concern over environmental change is leading to significant government policy initiatives globally and rising corporate innovation and investment . this heightened attention will lead to disruptive industry change shifting investor capital allocation strategies and rising input costs related to increased pricing on carbon emissions and water usage . at the same time severe environmental events whether natural earthquakes hurricanes droughts and floods or man made oil spills and nuclear accidents are of growing concern to many market participants who are concerned natural events are increasing in frequency and severity . this page highlights moody s research on the credit implications of these developing environmental trends . moody s integrity hotline eu 001 800 506 1440 japan kddi 00 539 111 then 888 320 1668 ntt 0034 811 001 then 888 320 1668 outside of the eu and japan 1 866 330 mdys 6397 browse by research & ratingsproducts & solutionsnews & eventscareers contact us help & supportcontact ussubmit a complaint terms & conditions terms of useprivacy policyproprietary rights 2016 moody s investors service inc. moody s analytics inc. and or their affiliates and licensors . all rights reserved . regional sites globalargentinaasiaaustraliaboliviabrazilcanadaceechinaczech republiccisemeafrancegermanyindonesiaindiaitalyjapankoreamexicomiddle eastpolandsouth africaspainturkeytaiwanuruguay