Moodys

  • Monday Minutes: Economic Snapshot

    Monday Minutes: Economic Snapshot

    Monday, 18th May 2020

    A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

  • Moody’s Affirms Egypt’s B3 Rating

    Moody’s Affirms Egypt’s B3 Rating

    Monday, 22nd August 2016
    Moody’s Investor service affirmed Egypt’s long term and senior unsecured bond rating at a stable B3 in which credit risks face deep structural concerns such as weak government reserves, weak external payment position, and continued security concerns.
  • Moody’s Reviews Oil and Gas Companies for Potential Downgrade

    Moody’s Reviews Oil and Gas Companies for Potential Downgrade

    Sunday, 24th January 2016
    Moody's, the ratings agency announced that it had put 120 oil and gas companies, together with 55 mining companies, under review for a potential downgrade, due to a prolonged slump in crude oil price. The review is expected to be completed by the end of Q1.
  • Brazilian Petrobras Slashes Production, Capital, Investment Plans

    Brazilian Petrobras Slashes Production, Capital, Investment Plans

    Wednesday, 13th January 2016
    Brazil's state-run oil producer, Petróleo Brasileiro SA (Petrobras), has slashed its production targets by 1.8% to 2.1mb/d and capital spending budget by 24.5% to $98.4m in the period between 2015-2019.
  • Russia May Raise Oil Taxes

    Russia May Raise Oil Taxes

    Sunday, 20th September 2015
    The Russian government, facing budget deficits due to low oil prices, may restructure taxes on crude to make up for the shortfall, Bloomberg reported.