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Rating Services

MOODYS ACQUIRES Enb CONSULTING LIMITED

Moody’s Analytics, a unit of Moody’s Corporation (NYSE:MCO), announced today that it has acquired Enb Consulting Limited, a UK-based provider of training services for the financial markets, including technical and soft-skills programs for banking and capital markets professionals. Enb will be integrated into Moody’s Analytics Training Services, creating a leading provider of comprehensive financial risk training with a global presence. ... Read More »

SEC REPORT ON RATING AGENCIES ROLE IN SUBPRIME CRISIS

The Securities & Exchange Commission (SEC) published its ‘Summary Report of Issues Identified in the Commission Staff’s Examination of Select Credit Rating Agencies’ [NRSROs].   The SEC concluded (in a year-long study released on July 8th), that rating agencies improperly managed conflicts of interest and violated internal procedures in granting top ratings to structured securities.  The SEC report lists eight major ... Read More »

CREDIT SCORING AND THE CREDIT CRUNCH

QUOTE OF THE MONTH:   “We have been pretty much using the same tools now for a decade. The techniques that worked in the last business cycle don’t work as well anymore.”   Dennis Santiago, CEO of Institutional Risk Analytics, reportedly saying the Wall Street crisis has exposed some fundamental shortcomings in risk-modeling technologies and analytics   Source:  Asian Banker BIIA Newsletter October ... Read More »