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Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin
Publisher: McGraw-Hill

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. The ratings that credit rating agencies such as Fitch, Moody's and Standard & Poor present are market opinion on the relative credit risk associated with particular firms or nations. Credit rating agency Standard & Poor's on Monday upgraded its credit outlook for the United States government to stable from negative, saying the chances of a downgrade of the country's rating is less than one in three. 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. Blaise Ganguin, John Bilardello, "Standard And Poor's Fundamentals of Corporate Credit Analysis" McGraw-Hill | 2004-12-09 | ISBN: 0071441638 | 428 pages | PDF | 1,3 MB. Investors use these respected opinions to gauge their analysis on the consistent methodology used in the analyse by agencies. However, institutional investors in corporate bonds often supplement these agency ratings with their own credit analysis. 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. 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). Another POMO, another dip bought, another all-time high in the S&P 500 but we are sure there is some disappointment that the '1600' caps have to go back in the closet for one more day. Credit rating for firms have been used for over 100 years to provide the service of analysing the associated risk in sovereign and corporate debt instruments. The credit risk tools are designed to help assess The company is also offering customisable analysis templates, including a credit surveillance template, that use an Excel plug-in to bring together company fundamental data and credit indicators from the platform in an Excel interface. Policy makers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013,” credit analyst Nikola G. S&P Capital IQ will go live with a suite of credit risk assessment tools on its online research, data and news platform on Monday, April 29. Austan Goolsbee, the chairman of the White House Council of Economic Advisers, said Standard & Poor's made a “political judgment” when it dropped its outlook for the U.S. Credit ratings published by Moody's, Standard and Poor's and Fitch are meant to capture and categorize credit risk. €�We believe there is a material risk that U.S. Government from “stable” to “negative" because of the budget deficit and rising debt. (NYSE:CHK) fell as much as 6 percent after S&P downgraded its credit rating of the company to "BB-" from "BB," reflecting shortcomings in Chesapeake's corporate governance practices and covenant concerns.