Moody's

UK debt

Industry at a crossroads

Credit ratings agency Moody's has cut the rating of the Royal Bank of Scotland, amid fears its restructuring will 'heavily depress' profits.

LATIN AMERICA

RUSSIA

Ratings agency Moody's has said it expects US politicians to reach an agreement on the country's debt ceiling, with a default "extremely unlikely".

Now the world economy is recovering, market attention has moved on from competing strategies to deal with the debt crisis.

Turkey's credit rating has been lifted to investment grade by Moody's for the first time in two decades, in recognition of reductions to its debt and current account deficits.

Ratings agency Moody's has downgraded the Co-operative Bank's debt rating - prompting the exit of its chief executive - after warning the group may need to raise £1bn.

The pool of government bonds rated AAA by the three main rating agencies has shrunk by more than 60% since the financial crisis, according to new analysis.