Rating firms rattle European finances

MADRID, May 18 (UPI) -- The cost of government borrowing in Spain soared after a major credit rating firm, Moody's, cut ratings on 16 Spanish banks, statistics show.

A.M. Best Revises Outlook of Issuer Credit Rating to Positive for Trans-Oceanic Life Insurance Company

A.M. Best Co. has revised the outlook for the issuer credit rating to positive from stable and affirmed the financial strength rating of B++ and ICR of “bbb” of Trans-Oceanic Life Insurance Company .

Chesapeake hikes loan as credit rating fades

(Reuters) - Chesapeake Energy Corp increased a planned loan even as its credit rating deteriorated on Tuesday, adding pressure on the natural gas producer to deliver crucial asset sales. The company, which has sought to soothe investors angered by recent disclosures about its chief executive's potential conflicts of interest, boosted a planned $3 billion bridge loan to $4 billion. There was ...

ACT triple-A credit rating secure, for now

ACT's triple-A credit rating appears to be secure, after a decision to delay a budget surplus for at least two years.

Moody's raises Iconix Brand Group credit rating

Moody's Investors Service raised its credit rating on clothing company Iconix Brand Group Thursday, citing the company's reduced leverage and the steady cash flow from its brands.