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

The Scenario In a recent academic working paper, tilted “Credit Ratings and Credit Risk,” Brandeis University's Jens Hilscher and Oxford University's Mungo Wilson demonstrate that credit ratings by Standard & Poor's dating back to 1986 are outperformed by a simple model in predicting corporate failure. The scenario planning method; Market-based measures; Fundamental analysis of credit issuers and issues; Third-party assessments. Meanwhile, the Department of Justice complaint against S&P says financial institutions relied on credit ratings "to identify and compare risks" among various instruments. Meanwhile, Moody's Investors Service says sovereign credit fundamentals in Southeast and South Asia should remain relatively resilient to headwinds during 2013, but warned that each country would face its own specific problems. Commentary and analysis from outside voices in venture capital, hedge funds and economics. 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. This is also "According to Fitch Ratings (2007), around 60% of all global structured products were AAA-rated, compared to less than 1% for corporate and financial issues." How can a majority of a . Will be vulnerable to the sluggish economic growth apparent in the major developed markets, and to China's lower plateau for GDP growth," says Simon Wong, a vice president and senior analyst with Moody's Corporate Finance Group. 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.