Tag:
Credit Rating Agency
Latest Headlines
Latest Headlines
Study: Credit rating agencies reward companies that pay most
You can add this to the list of credit rating company woes: A new study has found that these companies reward clients that pay the most money in fees with more favorable ratings.
The idea that companies can pay for more favorable ratings is not anything the rating companies will ever admit to.
SEC takes credit ratings companies to task
So far, Standard & Poor's has been the only credit rating agency to face charges by the SEC for actual rating work performed ahead of the financial crisis. But it's no secret that Moody's and Fitch were offering similar services.
No one would be surprised if they end up facing charges as w
Jules Kroll enters the credit rating industry
Can Jules Kroll shake up the credit rating industry? He certainly has the brand name to muscle into the market.
While the financial reform movement didn't radically alter the industry's rules and regulations, it did lead to some new competitors. The likes of Meredith Whitney and Morningstar ar
Meredith Whitney faces even more criticism
We've noted that star analyst Meredith Whitney faced a lot of criticism for her bold, perhaps rash, prediction of extreme pain in the muni-bond market. That criticism continues to mount, stoked by her decision not to participate in a Congressional hearing that will examine, among other things,
S&P's pre-deal gaffe
This doesn't rank high on the list of massive compliance lapses we've seen elsewhere, but it does highlight the need for all companies to revisit their disclosure policies.
S&P had obviously been briefed on the deal calling for PNC to issue $3 billion in common shares and $2 billion in deb
