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Rating Services

S&P’s CRISIL To Acquire Coalition, UK-Based Analytics Firm

The McGraw-Hill Companies, Inc. announced that CRISIL, a division of Standard & Poor’s and a leading provider of ratings, research and risk services, has signed an agreement to acquire Coalition Development Ltd. (Coalition), a privately-held U.K. analytics company, and its subsidiaries.  Coalition provides high-end analytics to leading global investment banks and other financial services firms.  Coalition will be part of ... Read More »

The Case for Continuous and Systematic Monitoring of Business Relationships

As business relationships continue to expand globally and in complexity, monitoring and analyzing business partners and clients takes on added importance. Portfolios are increasingly diverse and comprised of partners from all corners of the globe, each of whom, can have a direct impact on credit default risk. The business environment is mandating cost reductions interestingly at a time when proactive ... Read More »

Bertelsmann Foundation Releases Blueprint for INCRA – An International Non-Profit Credit Rating Agency

The Bertelsmann Foundation released on April 18th 2012 at its Washington conference a blueprint for a new sovereign debt rating agency called INCRA. The mission of INCRA as an independent institution is to conduct sovereign-risk assessment, and to raise the quality of sovereign ratings.  The business model for INCRA is to be non-profit and based on investor pays for ratings ... Read More »

SEC Considers Case Against Egan-Jones Rating Agency

An outspoken critic of major credit rating agencies ends up in the dock!  It is lesson for rating agency start-ups who thought to make hay when major rating agencies found themselves in the dock following the sub-prime credit crisis.  The proverb, “Don’t throw bricks when you live in a glass house”, holds also true in this case. According to the ... Read More »

Moody’s Q1 Revenues Up 12% – Operating Income up 8%

Moody’s revenues showed a strong return to previous double digit growth.   The company reported total revenue of $646.8 million for the three months ended March 31, 2012 as compared to $577.1 million for the first quarter of 2011 (Up 12%).  Operating income for the quarter was $269.0 million, an 8% increase from $250.1 million for the same period last year. Diluted ... Read More »

McGraw-Hill Revenues up 6% – Double Digit Growth in Commodities and Commercial Segment

The McGraw-Hill Companies (NYSE: MHP) reported record revenue of $1,331 million in the first quarter, an increase of 6% compared to the same period last year.  Net income from continuing operations was $123 million and diluted earnings per share were $0.43.  Excluding the impact of one-time costs related to the Growth and Value Plan, adjusted net income from continuing operations increased 19% to $144 million and adjusted diluted earnings ... Read More »

Kroll Bond Rating Agency Releases Premier Container Leasing ABS Rating Methodology

Kroll Bond Rating Agency (KBRA) announces the release of its methodology for rating marine container leasing asset-backed securities transactions. The KBRA methodology, which reflects the extensive sector experience of KBRA’s analysts, is unique in that it is the first criteria piece issued by a rating agency that is dedicated exclusively to container leasing ABS. The report, Container Leasing ABS Rating ... Read More »

Moody’s Names Ex-Pfizer Chief McKinnell As Chairman

Moody’s Corp. (MCO) has named former Pfizer Inc. (PFE) chairman and chief executive Henry A. McKinnell Jr. as its new chairman, following the rating and analytics company’s decision earlier this year to separate the roles of chairman and CEO. Moody’s also said CEO Raymond McDaniel Jr. will also take on the title of president. McKinnell had served on Moody’s board ... Read More »

Thomson Reuters Launches New Forward-looking Model to Assess Credit Risk

Thomson Reuters, the leading supplier of intelligent information for businesses and professionals,  announced that it has introduced the StarMine SmartRatios Credit Risk Model to assess the credit risk of publicly traded companies.  The SmartRatios model is an intuitive and robust default prediction model that provides a clearer view of a firm’s credit condition and financial health by analyzing a wide ... Read More »

S&P Capital IQ Acquires QuantHouse, Real-Time Exchange and Market Data Leader

S&P Capital IQ, a business line of The McGraw-Hill Companies (NYSE: MHP) offering global multi-asset class data solutions, market research and portfolio risk analytics to global investors, announced it has acquired QuantHouse, an independent global provider of market data and end-to-end systematic trading solutions. This includes ultra-low-latency market data technologies, algo-trading development frameworks, proximity hosting and order routing services for ... Read More »

S&P Rethinks Ratings System for Some Muni Bonds

NEW YORK—Standard & Poor’s Ratings Services is moving to change its rating methodology for assessing the credit ratings of general-obligation municipal bonds issued by local governments, in a bid to improve the ratings’ predictive and comparative ability. The new methodology would apply to towns, cities and counties, but doesn’t include special districts, such as school districts. The system would apply ... Read More »

Creditreform Ratings AG Sets up European Rating Network

Creditreform Ratings AG and BCRA Rating Agency of Bulgaria have formed a European Rating Network and both hope to benefit from the anticipated Ratings Rotation Concept of the European Commission. Creditreform Ratings AG has also announced that it will begin to rate Germany Banks starting with the smaller private banking sector. Source: Password Germany Read More »

Kroll Bond Rating Agency Announced Methodology for Rating U.S. CMBS

Kroll Bond Rating Agency (KBRA) announced the publication of its methodology for rating U.S. CMBS Multi-Borrower transactions.  The methodology is intended to be used for multi-borrower pools of commercial real estate (CRE) loans that have been originated for securitization.  It will typically be used for transactions with at least 30 loans that are secured by properties that are diverse relative ... Read More »