Results tagged “Ratings Agencies” from Dealbreaker

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Someone Else Thinks Ratings Agencies Do A Pretty Piss-Poor Job

Somebody is finally doing something about those corrupt, self-serving companies that we all rely on to tell us just how risky this stupid bond is. Ohio is suing the ratings agencies. With the Feds spitting the bit on regulating an...

Speculation, However Informed....

Consider for a moment this quote from Eastman Kodak: "Any speculation, however informed, suggesting that Kodak is less than financially sound, is irresponsible...." What's the message here? That responsible speculators (whatever that means) are universally bulls? That the mere hint...

Dating Ms. Junk Bond

Yesterday, Banker's Ball "introduced" us to Mr. Junk Bond, and the poor investment choice that is dating him. Charming, unpredictable, decisive and intense, Mr. JB starts off a Ba/BB, but quickly gets downgraded to Caa/CCC when he fails to remember...

It's Like The End Of A Quentin Tarantino Movie!

S&P PLACES MOODY'S CORP. 'A-1' SHORT-TERM RTG ON WATCH NEGATIVE-- Bloomberg It's been a bloodbath! Everyone else is dead! They were told to wait for Fitch at the warehouse! After the carnage they wrought, there's no one left to...

The Municipal Bond Ratings Debate Hits The New York Times

The municipal bond ratings debate made the front page of the New York Times this morning, no doubt giving succor to fans of the Eisinger Thesis and its correlative, the Radically Inefficient Markets Hypothesis. By way of background, in the...

Is There A Market Demand For Relative Muni Bond Ratings?

Felix Salmon is skeptical that there is a market demand for bond ratings the differentiate between various issuers. His skepticism, however, is built on a simplistic image of who invests in bonds. To Salmon, it seems that muni bond investors...