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Posts tagged ‘Moody’s Investors Service’

Tonight, The Amazing True Story Of DL Moody Live Radio Broadcast!

From Shoe Salesman To God’s Preacher. 

On December 22, 1899, God called home one of his servants by the name of Dwight L. Moody. The story of how God used this humble, simple man to shake the world on 2 continents for the Gospel of Jesus Christ is a story that deserves not only to be told, but to be studied at length as there is much in DL’s life that will greatly benefit us in our Christian walk.



Today, on the 114th anniversary of the home-going of this great man of God, we open up both the history books as well as the biblical record to see the source of Moody’s power and preaching. No one since, not even Billy Graham, has had as much an impact on the world as Moody had. He never wavered, there was not even a whiff of scandal of any kind, even with millions of dollars that passed through his hands. He kept the faith, he finished his course, and has much to teach us still 114 years after he passed off the scene.

CLICK HERE to listen live to this program starting at 9:00 PM EST on December 22, 2013….

by NTEB News Desk

Treasury: No Bailout Plans for Puerto Rico.

The U.S. Treasury Department isn’t planning to provide assistance to Puerto Rico and continues to monitor the situation after the commonwealth’s bond yields rose to records, according to a Treasury spokeswoman who spoke on condition of anonymity.

Governor Alejandro Garcia Padilla, 42, is struggling to revive a shrinking economy and keep Puerto Rico’s debt above junk. The U.S. territory, whose bonds are tax-exempt nationwide, must borrow by Dec. 31 to balance its budget. Officials plan to use debt backed by sales-tax revenue, as the securities are rated three to four levels above the island’s general obligations.

Even the sales-tax securities, which Moody’s Investors Service cut on Oct. 3, trade with historically high yields.

“Forced selling in local island bond markets has added stress to overall trading,” Alan Schankel, managing director at Janney Montgomery Scott LLC in Philadelphia, said in a research note Oct. 4. “Volatility and price pressures remain ongoing for Puerto Rico bonds.”

Puerto Rican bonds have fallen 18 percent in 2013, including price change and interest payments, on pace for their worst year since at least 2000, according to Standard & Poor’s data. Commonwealth general-obligation bonds maturing in July 2041 traded today with a yield as high as 9.2 percent after reaching 10.06 percent on Oct. 4, the most since Sept. 9, according to data compiled by Bloomberg.

Senate President Eduardo Bhatia told municipal-bond analysts in New York yesterday that the White House and Treasury are “wondering how they can help Puerto Rico send a very strong signal of stability right now,” according to the New York Times.

The senator’s office in San Juan didn’t respond to telephoned and e-mailed requests for comment today.

© Copyright 2013 Bloomberg News. All rights reserved.

Bank Outlook Lifted to Stable by Moody’s 5 Years After Cut.

Moody’s Investors Services has raised its outlook for the U.S. banking industry for the first time in five years, citing the improving economy and banks’ stronger balance sheets.

The rating agency said in a report issued Tuesday that sustained economic growth and a better jobs picture will help banks over the next 12 to 18 months. Moody’s raised its outlook for the industry to “Stable” from “Negative.” It had been “Negative” since 2008, the year the financial crisis struck.

Moody’s said that after a year of reducing losses from soured loans and building cushions against losses, banks are in a better position to handle any future economic downturn.

It said the most likely scenario pushing the outlook back to negative would be a slackening of banks’ credit standards.

© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: Moneynews.

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