Posts tagged 'S&P'

S&P killer, qu’est-ce que c’est?

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Feb 05 17:26 | Comment |

Did the world not already know that a CDO analyst at S&P parodied Talking Heads “Burning Down the House” as the residential market teetered in 2007?

Like “it could be structured by cows and we would rate it”, it feels like a meme that would need to be invented if it didn’t already exist. Read more

The US v S&P

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Feb 05 14:13 | Comment |

Hat-tip to the WSJ Law Blog, the full US government complaint against Standard & Poor’s:

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Lighting a FIRREA under Standard & Poor’s

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Feb 04 20:05 | Comment |

Update, 8:40pm UK time — Shares in McGraw-Hill were down 15 per cent at pixel.

Fresh in the inbox… Read more

Solipsist & Poor’s

David joined the FT in 2011 as a Marjorie Deane fellow. He covered emerging markets, equities and currencies before making the jump over to FT Alphaville in May 2012.

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| Jan 18 17:15 | Comment |

Thanks to Reuters Jamie McGeever for spotting this rather circular bit of introspective logic from S&P. You see, the ratings agency has discovered that its own sovereign ratings are a good guide to its future sovereign ratings. So, for example, since 1989, they have never lowered a sovereign rating with a positive outlook.

It’s the kind of record you fight to keep. Read more

You’re in selective default (again), S&P tells Greece [updated]

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Dec 05 2012 23:45 | Comment |

No explanation had been given by S&P at pixel time. [Update: it's pasted below the jump.] But the situation is pretty clear: Greece’s “voluntary” buyback of the PSI bonds is being carried out in distressed conditions (ie it will otherwise lose eurozone financial support). Read more

The S&P downgrade ratio in Europe – 4:1

Paul Murphy is the founding editor of FT Alphaville.

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| Oct 24 2012 10:55 | Comment |

More euro gloom.

From S&P ‘s Global Fixed Income research team on Tuesday, “Europe’s Sovereign Crisis Continues To Erode Credit Quality.” Read more