Global credit agency deals blow to council [Yahoo! Finance]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Warrington Borough Council told bondholders on Monday that the global agency Moody's had withdrawn its rating because of "the inability of the council's to procure that its statements of accounts are audited by external auditors". The Labour-led council has debts amounting to £1.85 billion, and has come under scrutiny for a number of its investments. In a statement the council said it had been "impacted by the national issue of delays in signing off council accounts". Last month, the Financial Times reported the local authority had refused to hand over key information to its external auditor, Grant Thornton, restricting the auditor's ability to review the council's books. In May, the government ordered an inspection to ascertain whether the authority was complying with its legal requirements, amid concerns about "very large" debts. Investment portfolio Auditors only recently finished reviewing Warrington's accounts for the financial year ending March 2019, meaning the cou
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MCO
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MCO
Earnings
- 7/24/24 - Beat
MCO
Sec Filings
- 9/10/24 - Form 4
- 9/10/24 - Form 4
- 9/10/24 - Form 4
- MCO's page on the SEC website