Standard & Poor's Fundamentals of Corporate Credit Analysis by Blaise, Ganguin
Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin ebook
Though the credit rating agency Standard & Poor's no longer believes the United States merits a top triple-A rating, it is prepared to put its stamp of approval on a set of bonds backed by subprime mortgages, only a few years after its high ratings of other subprime-backed securities helped set the stage Shortly after the downgrade, a blog post at the Web site of the U.S. And only point us towards a simpler way of addressing the problem: Standard and Poor's is a self-interested corporate entity and it is acting in accordance with what it perceives its self-interest to be, in precisely the way that self-interested corporate entities will consistently do. While cancelling this upgrade allowed S&P to remain competitive with Moody's and Fitch, it (allegedly) did a huge disservice to AAA investors such as the Western Federal Credit Union, on whose behalf the government filed its complaint. Even after being shown errors in its analysis raised “fundamental questions about the credibility and integrity of S&P's ratings actions.” .. [Updated] Ratings agency Standard & Poor's [S&P] has lowered its outlook on Bermuda from stable to negative and affirmed its 'AA-/A-1+' long- and short-term issuer credit ratings [ICR] on the island. Because such debt carried top credit ratings from firms such as Standard & Poor's, few financial executives paid attention to the potential dangers. "We affirmed the ratings and removed them from CreditWatch because Vedanta's refinancing risk has reduced after the company secured funds for its June 2013 maturities," S&P credit analyst May Zhong said in a statement yesterday. Fitch Ratings recently (November 6, 2012) upgraded Turkey's long-term foreign currency credit rating to Investment Grade, “BBB-“, which is great news. Jacuzzi Brands Corporation Appoints New President of Global Spa Business. Assistant Treasury secretary for economic policy, said in a blog post the decision to downgrade the U.S. Let's call this “fundamental analysis”. Perhaps because I'm not an economist, I can't at all interest myself in the question of whether the US “deserved” to have its credit rating downgraded (as Standard and Poor's has done). Treasury said that "fundamental questions" had been raised about S&P's "credibility and integrity. Standard & Poor's also said that it revised its outlook on the long-term rating of the U.S. Though Bermuda has seen its outlook adjusted, like a number of other jurisdictions, the Government said they “pleased that the underlying fundamentals and strengths of our Bermuda economy have been recognised and that we have not been downgraded.”. Sovereign meaningful economic and fiscal risks and large external debtor position, we now believe that they might not fully offset the credit risks over the next two years at the 'AAA' level,” said Standard & Poor's credit analyst Nikola G. Standard & Poor's Ratings Services said today that it affirmed its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on the U.S. In this article, I argue that there is a high probability that Turkey will receive an upgrade from S&P or Moody's, therefore achieve a “real” investment grade status “if” the CDS spreads for 5 year Turkish Government Bonds (currently 1.27%) fall below 110 basis points (1.1%). Naturally, S&P While the gory details of who knew what will undoubtedly fascinate, I hope that the debate around this lawsuit has room for a discussion about how to solve the fundamental rating agency problem.