About Moody's CareersRegulatory AffairsTerms of UseContact Us GO Research & Ratings Products & Solutions News & Events Log In Register Ratings Highlights Ratings News Aa2 rating on Lancashire County Council affirmed; negative outlook Outlook changed to negative on Yorkshire Water, Baa2 CFR affirmed Outlook changed to negative on Southern Water, Baa2 CFR affirmed DTE Energy placed on review for downgrade Aa1 rating assigned to Honolulu, HI's GO Bonds 2016. Outlook is stable Most Viewed Issuers Deutsche Bank AG Turkey, Government of Electricite de France Alcoa Inc. BNP Paribas Featured Event More Events Today's Events 03 Oct 2016 Moody's Webcast: UPL Corporation Limited: Behind the First-Time Baa3 Rating (14:00 Mumbai ... 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 Moody's Credit Outlook October 3, 2016 Credit implications of current events. Published twice a week. Access Report » View Page » Credit Outlook Market Outlook Brexit Commodity Prices China 26 Sep 2016 Moody's Investors Service US lodging and cruise industry outlook revised to stable from positive We have revised the outlook for the US lodging and cruise industry to stable from positive to reflect our expectation that adjusted EBITDA growth will slow in 2017 as occupancy rates stagnate. Growth in lodging EBITDA will slow down in the second half of 2016. Cruise line EBITDA will slow but continue to outpace that of lodging ... Press Release l Full Report 23 Sep 2016 Moody's Investors Service Turkey’s sovereign rating downgraded to Ba1 stable, concluding its ratings review The one-notch downgrade reflects the increase in the risks related to Turkey’s sizeable external funding requirements as well as the weakening of its economic growth prospects and institutional strength. The stable outlook balances these risks against credit-positive considerations linked to Turkey’s large and flexible economy, which continues to grow, albeit at a slower rate, and the government’s strong fiscal track record. This rating action concludes the review for downgrade that we initiated on 18 July… Turkey Rating Action Press Release l Key Drivers of Turkey’s Downgrade l Credit Opinion 22 Sep 2016 Moody's Investors Service US Post-Election Policy Shifts Will Have Credit Effects on Various US Sectors US corporates in a range of sectors from industrials to healthcare could face significant credit impacts, both positive and negative, from the proposed policies being put forward by major party candidates in the upcoming presidential elections. Moody’s has examined five prominent areas of policy - trade, healthcare, financial regulation, immigration and corporate tax reform – and evaluated how each candidate’s proposals will affect rated issuers ... Full Report l View the Infographic 20 Sep 2016 Moody's Investors Service Auto sector faces credit risks on its path to carbon transition Policymakers’ increased focus on emission reducing regulation will likely create credit risks for the auto sector worldwide, as it will put pressure on margins and cash flows. Auto companies must also deal with rapidly changing consumer preferences that will force them to invest in R&D and increase capital spending to comply with new standards and ward off new competitors... Full Report 19 Sep 2016 Moody's Investors Service Loss of “passporting” rights under EU law would have moderate credit impact on banks A formal withdrawal of the United Kingdom (UK) from the European Economic Area and subsequent loss of passporting rights granted under European Union (EU) law would be manageable for most UK-based financial firms, including branches and subsidiaries of non-EU firms, as well as for EU firms with a presence in London. Even if firms move operations from the UK to the EU, the impact on credit fundamentals will likely be moderate, absent other shocks... Full Report 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 & Ratings Products & Solutions News & Events Careers Contact Us Help & Support Contact Us Submit a Complaint Terms & Conditions Terms of Use Privacy Policy Proprietary Rights © 2016 Moody's Investors Service, Inc., Moody’s Analytics, Inc. and/or their affiliates and licensors. All rights reserved. Regional Sites: Global Argentina Asia Australia Bolivia Brazil Canada CEE China Czech Republic CIS EMEA France Germany Indonesia India Italy Japan Korea Mexico Middle East Poland South Africa Spain Turkey Taiwan Uruguay