S&P

  • 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 »

Fact: The Big Three perhaps maybe haven’t done the best job rating bonds, sovereign or otherwise.

Fact: Powerful governmental bodies aren’t especially happy with some of those ratings, even if they were indisputably right.

Conclusion: Kick’em while they are down. Read more »

Standard & Poor’s, as you may have heard, is fighting a federal lawsuit with a potentially 10-figure pricetag that accuses it of making up whatever CDO ratings it had to in order to win business rating CDOs. Its defense against these charges are (a) no one should listen to them and (b) that no matter how shady and underhanded their practices seem, the ratings they produced were fine, even if they were totally wrong.

You may note the absence of (c) we did not make up ratings to appease the people who pay for ratings. Which may have something to do with the fact that S&P is still kinda making up ratings to appease the people who pay for them. Read more »