Some suggest that Greece’s new communist prime minister, Alexis Tsipras, is all talk, what with his desire to remain within the Eurozone and consequent complete lack of any leverage of any kind. But if he did actually do the things he’s pledged to do, namely tell Angela Merkel to give him a better bailout deal or go to hell: Well, that would not be good for Greece’s credit rating, according to Fitch, Moody’s and S&P. And Greece’s credit rating is already not very good. Read more »

  • 20 Jan 2015 at 3:05 PM

SEC Suspends S&P For Being Bad

Standard_Poor_231211Standard & Poor’s will be suspended for a year from rating securities in the biggest piece of the commercial-mortgage bond market in a $60 million settlement with the U.S. Securities and Exchange Commission, according to a person with knowledge of the matter. The deal, which the person said may be announced as soon as tomorrow, will be the agency’s toughest action against a major credit rater. The SEC, which has been examining whether the credit rater bent criteria to win business in 2011, will ban the company from grading securities backed by multiple commercial loans, the person said. [Bloomberg]

  • 26 Sep 2014 at 3:57 PM

S&P Can Read Tim Geithner’s Super-Secret Diary

So that’s nice for them. Read more »

  • 22 Sep 2014 at 5:55 PM

Fitch, Moody’s Still More Patriotic Than S&P

Neither are going to make that double-A-plus mistake that a certain ratings agency made, and while they’re at it, they have some kisses to blow in Washington’s direction. Read more »

  • 04 Sep 2014 at 3:49 PM

Judge Junks Lawsuit Against S&P

No, not that one. But gratifying all the same. Read more »

So it is the perfect time for the sages at S&P to reward it with a ratings upgrade. Read more »

Even a ratings agency can see that a $400 million loss, some impending arrests and Mike Corbat’s heartache are not good for business. Read more »

Unlike mortgage-backed securities, supranational political entities simply cannot have this many sub-prime components and expect to keep its triple-A rating, according to S&P’s flawless debt-rating system. Read more »