Rating Agencies
S&P to Defend Credit Rating ‘Puffery’ in Case Over Fraud Charges
Standard & Poor's, getting its first shot in open court at U.S. Justice Department claims it should pay as much as $5 billion in civil penalties, will defend itself by arguing reasonable ...
FASB Going Concern Disclosure Too Little, Too Late, Moody’s Says
In an article it "Credit Outlook," report, Moody's Investors Service said accounting disclosures being proposed by the U.S. Financial Accounting Standards Board to provide investors with an early ...Fitch Affirms U.S. AAA Rating; Outlook Still Negative
Fitch Ratings on Friday affirmed the United States' top level credit rating at AAA but held the outlook at negative, saying still-elevated debt levels leave the country vulnerable to shocks without ...S&P Mortgage Ratings Trial Sought by U.S. in February 2015
The U.S. Justice Department is seeking a trial in February 2015 in its lawsuit against McGraw Hill Financial Inc.'s Standard & Poor's unit over ratings on residential mortgage-backed securities. ...
Congressmen Warn Credit Raters Against Repeating History on CDOs
The top executives of Standard & Poor's, Moody's Investors Service and Fitch Ratings were warned by three members of Congress against granting inflated grades to the same type of securities that ...Detroit Default, Restructuring Plan Break New Ground: Moody’s
Detroit's default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as ...