Al Franken’s announcement of his pending resignation completes his descent from Progressive Saint to something of a pariah figure. But like others whose stars have… Read More »Al Franken’s Complex Legacy and the Credit Rating Business
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 –… Read More »A 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… Read More »S&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… Read More »SEC 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,… Read More »Government 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… Read More »Puerto Rico Rating Downgrades: Enron Redux?