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Tag Archives: Moody’s

Keep It in Perspective

A lot of folks seem to be blowing their cool in the debate over the reinsurance “scandal” at American International Group (NYSE: AIG). Not least the rating agencies. Fitch, the quickest jackrabbit out of the box, downgraded the giant insurer to AA+ (still the agency’s second-highest rank) after AIG’s board kicked CEO Hank Greenberg upstairs as “nonexecutive chairman” and forced CFO Howard I. Smith to go on “leave.”

TECO and the Moody Tiff

Shares of TECO Energy (NYSE: TE) fell to a new 52-week low today on word that Moody’s is reviewing the Florida utility’s credit rating with an eye to a possible downgrade. My guess is that Moody’s won’t take TE’s ratings down more than a single notch (from Baa2 at present).