Given the economic tumult in China, we thought it would be worthwhile to get some perspective from that nation’s largest independent credit rating agency – Dagong. A check of its Continue ReadingA Critical Review of Dagong’s Rating Methodology
In its settlement with the Department of Justice, S&P has backed off its assertion that the federal lawsuit was filed in retaliation for its 2011 downgrade of US Treasury debt. Continue ReadingS&P Settles: Now How About that US Bond Rating?
On January 21, S&P settled a number of complaints with the Securities and Exchange Commission as well as two states’ attorneys general. The issues primarily involved ratings of Commercial Mortgage Continue ReadingSEC Shines a Light on Inflated CMBS Ratings
The sovereign and municipal debt crisis of the early 2010s is finished. Overblown predictions of a credit meltdown among European sovereigns, US states and cities, and other advanced economy governments Continue ReadingGovernment Credit Crisis Over – So Where are the Upgrades
On November 28, 2001 Enron lost its investment grade credit rating. Four days later, the company filed for bankruptcy. Those awaiting a similar collapse after Puerto Rico’s descent into junk Continue ReadingPuerto Rico Rating Downgrades: Enron Redux?