Paramount Global, formerly known as ViacomCBS, experienced a significant blow as S&P Global Ratings downgraded its credit rating to junk status. The sudden move was attributed to the “downside ratings pressure” in the company’s TV business.
Moody’s Investors Service has once again downgraded the ratings of New York Community Bank (NYCB), raising concerns about the safety of some deposits with the institution.
New York Community Bancorp, a leading banking institution based in New York City, has recently experienced a severe blow to its credit rating due to growing concerns over the real estate market. The renowned credit rating agency, [insert agency name], has downgraded the bank’s credit rating to junk status, highlighting troubling developments within the real estate sector.
In a recent press conference, Finance Minister Nirmala Sitharaman addressed the concerns regarding India’s Moody’s rating. Despite a decrease in the debt to GDP ratio, Moody’s decided to maintain India’s credit rating at its current level. The finance minister assured the nation that the government is committed to addressing the issues raised by the rating agency and working towards a positive improvement in the near future.
