Republicans Immunize Rating Agencies from Accountability in Financial Choice Act

Vaccine

Republicans Immunize Rating Agencies from Accountability in Financial Choice Act No government regulation will ever apply to any rating agency that the government regulates, according to the Financial Choice Act. Continue ReadingRepublicans Immunize Rating Agencies from Accountability in Financial Choice Act

Coping with Reliance on Credit Ratings

Coping with Reliance on Credit Ratings   This blog article summarizes a recent article published in Banking and Financial Services Policy Report. Reference: Norbert J. Gaillard, “Coping with Reliance on Continue ReadingCoping with Reliance on Credit Ratings

Efficient, commonsense actions to foster accurate credit ratings

Efficient, commonsense actions to foster accurate credit ratings   This blog article summarizes a recent article published in Capital Markets Law Journal. Reference: Norbert J. Gaillard and William J. Harrington, Continue ReadingEfficient, commonsense actions to foster accurate credit ratings

A Critical Review of Dagong’s Rating Methodology

A Critical Review of Dagong’s Rating Methodology   Given the economic tumult in China, we thought it would be worthwhile to get some perspective from that nation’s largest independent credit Continue ReadingA Critical Review of Dagong’s Rating Methodology

S&P Settles: Now How About that US Bond Rating?

S&P Settles:  Now How About that US Bond Rating?   In its settlement with the Department of Justice, S&P has backed off its assertion that the federal lawsuit was filed Continue ReadingS&P Settles: Now How About that US Bond Rating?

When Sovereigns Go Bankrupt

This article summarizes the book “When Sovereigns Go Bankrupt” (Gaillard 2014), which provides a fresh analysis of how to cope with sovereign risk in the context of a rising likelihood Continue ReadingWhen Sovereigns Go Bankrupt

How Moody’s has drawn the lessons from the Eurozone debt crisis

Credit rating agencies have historically failed to anticipate the public debt crises in rich countries. This Wikirating blog article describes how Moody’s sovereign rating methodology has been modified in the Continue ReadingHow Moody’s has drawn the lessons from the Eurozone debt crisis

Eurozone, Sovereign Ratings and Bond Yields

This column explains how and why sovereign ratings and bond yields failed to anticipate the Eurozone debt crisis. It also argues that, paradoxically, sovereign ratings are now valuable risk indicators Continue ReadingEurozone, Sovereign Ratings and Bond Yields