Standard & Poor's Fundamentals of Corporate Credit Analysis by Blaise, Ganguin
Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin ebook
The sooner we do it, the less violent and bloody the revolution will be. Standard & Poor's decision to downgrade America's credit rating on Friday is momentous, but not, I suspect, for the reasons most people will cite. Treasury said that "fundamental questions" had been raised about S&P's "credibility and integrity. 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. More than a year ago, as I wrote, the Justice Department was investigating "whether the nation's largest credit ratings agency, Standard & Poor's, improperly rated dozens of mortgage securities". However, institutional investors in corporate bonds often supplement these agency ratings with their own credit analysis. Decision is going to keep whole law firms awake at night trying to analyze it to death. Though the credit rating agency Standard & Poor's no longer believes the United States merits a top triple-A rating, it is prepared to put its stamp of approval on a set of bonds backed by subprime mortgages, only a few years after its high ratings of other subprime-backed securities helped set the stage Shortly after the downgrade, a blog post at the Web site of the U.S. But, today, I'll take this conviction of a corporate law breaker. Truthfully, I have pay and benefits. So far, May 2013 has been a gambler's paradise, in which a whopping 76.9% of the trading days for the S&P 500 have been up: The chart below shows just how far 2013's up day percentage exceeds previous years:. Many Americans unite and march on the capitol with vats of tar and feathers. Credit ratings published by Moody's, Standard and Poor's and Fitch are meant to capture and categorize credit risk. We will only have a decent country when we liberate ourselves from the corrupt big corporations and the fat cats. It can't be move based on fear, often contrary to market fundamentals. Standard & Poor's Fundamentals of Corporate Credit Analysis. The scenario planning method; Market-based measures; Fundamental analysis of credit issuers and issues; Third-party assessments. Wednesday, Standard & Poor's downgraded Greece's sovereign credit rating.