UBS Global Wealth Management has increased its estimate of a U.S. recession risk to 25% from 20%, citing concerns over weakening labor market indicators, particularly softer job growth and July’s unemployment figures. These developments have heightened fears of an economic… Read More ›
Day: August 27, 2024
Delayed Downgrade Of NYC Office Tower Bonds Raises Concerns Over Credit Rating Timeliness
The delayed downgrade of bonds tied to a New York City office tower, 1740 Broadway, has sparked concerns over the reliability of credit rating agencies, after a failed property sale led to unexpected losses for investors. The bonds, once rated… Read More ›