“You can find a conspiracy before or after 10 AM in Washington any day of the week, but the reality is these ratings agencies have no idea how to rate a $17 trillion economy like the US. They have no idea how to rate the debt worthiness of a $14 trillion debt like the US. It’...
In the process of the United States establishing global hegemony, the "Big Three" U.S. ratings agencies have gradually obtained a "rating hegemony" and set a "ceiling" for their objects' ability to raise funds according to their preferences. ...
ADDING TO the chemical industry's credit woes,Standard&Poor's(S&P)has downgraded the corporate credit rating of Millennium Chemicals Inc.,and Moody's Investors Service has placed the ratings of Lyondell Chemical Company and Equistar Chemicals LP on watch for a possible downgrade.Chemical Market ...
Credit rating agencies, Fitch and Moody's, are maintaining their sovereign ratings on Malaysia following the national polls on 8 March in which the ruling coalition suffered its worst election setback in 50 years. Archived articles are available to Magazine subscribers only. ...
Fitch Ratings is a leading provider of credit ratings, commentary and research for global capital markets.
QUOTE 3: “One might ask why, if sovereigns have such extensive powers within their own borders—including the ability to print money—sovereign local currency ratings are not all ‘AAA’. The reason is that while the ability to print local currency gives the sovereign, and the sovereign alone...
Bonsall said the agencies “spent up some reputational capital” in the last few decades when they failed to lower ratings before Enron’s bankruptcy in 2001 and the 2008 global financial crisis. “Perception-wise, I’m not sure how much trust the general populace has in the agencies doing ...
Focusing on the rank order of domestic and global credit ratings, we test for differences in the determinants of ratings across global and domestic agencies. We find asset size is weighed more heavily as a positive factor by domestic agencies, and leverage is weighed more heavily as a negative...
By 1970, credit rating agencies recognized that objective credit ratings significantly helped issuers. Ratings facilitated access tocapitalby increasing a securities issuer's value in the marketplace and decreasing the costs of obtaining capital. Expansion and complexity in thecapital markets, coupled with...
Credit ratings are an estimate of the level of risk involved in lending money to a business or other entity, including national and state governments and government agencies. A high credit rating indicates that, in the rating agency's opinion, a bond issuer is likely to repay its debts to ...