Truist (TFC) Ratings Cut by Moody's on Business Divestiture [Yahoo! Finance]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.moodys.com/home/default.aspx
Company Research
Source: Yahoo! Finance
The company's long-term senior unsecured debt has been downgraded to Baa1 from A3. Notably, the outlook for Truist's senior unsecured debt rating and long-term issuer rating have been changed to stable. Moody's had placed Truist's ratings and outlook under review for downgrade on Feb 20, 2024, following the announcement of the latter signing a deal to divest the remaining 80% stake in its insurance subsidiary – Truist Insurance Holdings (“TIH"). The core rationale behind Moody's decision to downgrade ratings is Truist's strategic moves, particularly the completion of the sale of its remaining 80% interest in TIH and subsequent balance sheet repositioning. While these steps have bolstered the bank's capitalization and liquidity profile, they have also exposed it to certain vulnerabilities. One major aspect of the downgrade is the impact on Truist's revenue diversification. With the sale of TIH, the company becomes less diversified, with increased reliance on net interest income
Show less
Read more
Impact Snapshot
Event Time:
MCO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MCO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MCO alerts
High impacting Moody's Corporation news events
Weekly update
A roundup of the hottest topics
MCO
News
- HASI Secures Second Investment Grade Credit Rating [Yahoo! Finance]Yahoo! Finance
- Moody's Corporation Posted an Updated Management Presentation for Investors [Yahoo! Finance]Yahoo! Finance
- Moody’s Corporation Posted an Updated Management Presentation for InvestorsBusiness Wire
- Moody's upgrades Maine's credit rating to second-highest [Yahoo! Finance]Yahoo! Finance
- Diligent Announces Enterprise Risk Management Dashboard Powered by Moody’s Proprietary Data, Providing a Comprehensive View of External RiskBusiness Wire
MCO
Earnings
- 5/3/24 - Beat
MCO
Sec Filings
- 5/9/24 - Form 4
- 5/6/24 - Form 8-K
- 5/2/24 - Form 10-Q
- MCO's page on the SEC website