About Moody's CareersRegulatory AffairsTerms of UseContact Us GO Research & Ratings Products & Solutions News & Events Log In Register Ratings Highlights Ratings News Murphy's ratings affirmed; outlook remains negative SABMiller's outlook changed to positive; Baa1 rating affirmed eBay placed on review for downgrade following PayPal split announcement J.C. Penney's rating outlook changed to stable Allergan's ratings placed under review for downgrade Most Viewed Issuers 1. Deutsche Bank AG 2. Barclays Bank PLC 3. BNP Paribas 4. United States of America, Government of 5. General Motors Company FEATURED EVENT More Events FEATURED SOLUTIONS More Products & Solutions FOLLOW MOODY'S Moody's Ratings News 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 06, 2014 Credit implications of current events. Published twice a week. Access Report » View Page » Credit Outlook Market Outlook BRM 2014 Aging World EU Banking Union 02 Oct 2014 Outlook for Brazil banking system moves to negative from stable Brazil's worsening operating environment will constrain banks' business volumes, hurt asset quality and reduce profitability. Persistently high inflation, a softening labor market and declining consumer and business confidence will hurt both the demand for credit and banks' earnings. Diverging fiscal and monetary policies and the upcoming election are fueling even more uncertainty among investors, which will weigh further on banks' ability to generate capital... Full Report 02 Oct 2014 Canada's new insurance rules are credit positive for property and casualty insurers The final solvency guideline from Canada’s Office of the Superintendent of Financial Institutions incorporates a new minimum capital test that aligns capital requirements with insurers’ risk profiles at a more granular level. The test expands and redefines risks relating to assets, policy liabilities and interest rate using five measures: insurance, market, credit, operational and a diversification benefit between insurance risk and market and credit risk.... Full Report 01 Oct 2014 Russia’s banking system outlook stays negative The deteriorating operating environment for Russian banks will be detrimental to their asset quality and profitability. Alongside the likely increase in problem loans and greater provisioning needs, wholesale funding conditions are becoming more difficult. The negative outlook, which we have maintained since 2011, takes into account the ongoing geo-political tensions and economic sanctions that have further accelerated the downward trend in Russia’s GDP growth... Full Report l Press Release 30 Sep 2014 Outlook for Latin American telecoms retreats to stable We have changed the outlook for the Latin American telecoms to stable from positive. Revenues will grow moderately in 2015, but competition will narrow margins and require Latin American telecoms to make capital expenditures to improve network quality, data capacity and increased broadband speed... Full Report 25 Sep 2014 US state and local government pensions lose ground despite meeting return targets Funding gaps for the largest 25 US public pension plans have widened over the last 10 years despite long-term investment returns meeting plan expectations. In addition to assets falling further behind liabilities, the plans are also facing riskier asset allocations and the burden of an older US population, leading to more risk for the states and local governments that fund them... Full Report Terms of UsePrivacy PolicyProprietary Rights Research & RatingsProducts & SolutionsNews & EventsCareersHelpContact Us © 2014 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