Henry Varnum Poor first published the "History of Railroads and Canals in the United States" in 1860, the forerunner of securities analysis and reporting that would be developed over the next century. Standard Statistics was formed in 1906, which published corporate bonds, sovereign debt, and muni...
Officials of credit-rating agencies say Enron misled them; senators criticize agencies
Credit-rating Agencies(信用评级机构)可以提供这样的信息。最好的债券评级是AAA,违约风险较小的债券称为投资级债券,评级为Baa以上;低于Baa的是投机级债券,或是Junk bond(垃圾债券)。 我们来看2个例句: Its budget deficit is so big,which has led to warnings from...
The book examines the role of credit rating agencies (CRAs) in the subprime mortgage crisis. The CRAs are blamed for awarding risky securities ‘3-A’ investment grade status and then failing to downgrade them quickly enough when circumstances changed, which led to investors suffering substantial ...
The history of Credit Rating Agencies [CRAs], commonly called Rating Agencies, has a long and distinguished trajectory marked by influence, reputation and power. Due to the ability of this field to instigate significant changes in market regulations and actions of economic actors, this subject is ...
Representative Darrell Issa (R-CA) spoke with FOX Business Network about the debt crisis and the possibility of Moody’s (MCO) downgrading the United States credit rating. On the debt crisis, Issa said, “it’s more like a garbage strike in New York” be
The "worldwide credit crisis" has thrust credit rating agencies into the spotlight, with attention focused on their ratings of novel structured finance products. Policymakers have undertaken a number of initiatives intended to address perceived problems with such ratings – enhancing competition, promoting...
investin securities with a high rating from two or more credit rating agencies. TheSECrecognizes 10 firms as credit rating agencies;Fitch, S&P, andMoody'sare the three most prominent. However, the methods of credit ratings agencies have been subject to criticism. For example, most agencies ...
Credit rating agencies (CRAs) play a key role in financial markets by helping to reduce the informative asymmetry between lenders and investors, on one side, and issuers on the other side, about the creditworthiness of companies or countries. CRAs role has expanded with financial globalization and...
The court additionally ruled that the lower court correctly disregarded the plaintiffs’ Section 11 claims considering that the rating agencies’ “alleged structuring or creation of securities was insufficient to demonstrate their involvement in the requisite distributional activities.”...