UBS Counterparty Credit Ratings May Be Cut, SP Says
CC|Stocks gain as credit markets show signs of easingWall Street turned higher Friday as strains in the credit markets showed signs of easing and investors sought bargains among stocks that were pounded lower in selloffs earlier in the week. The major indexes all posted moderate advances after wobbling through the first half of the session.
Moody’s says Bad Credit card debt on the riseMoody’s said it expects charge-offs loans written off as not being repaid to continue to rise into and throughout 2009, eventually surpassing peak rates seen during past recessions.
Stocks mostly gain as some credit worries easeWall Street was mostly higher in the final stretch of trading Friday as strains in the credit markets showed signs of easing and investors sought bargains among stocks that were pounded lower in selloffs earlier in the week.
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