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Tag Archives: Standard & Poor’s

Trouble Looms for S&P Down-Under

An Australian Federal Court Judge found S&P has misled and deceived investors when it awarded its highest credit rating to CPDOs whose value collapsed ahead of the financial crisis.  S&P now faces the prospect of further legal action in Australian courts over the rating of risky structured products after a litigation specialist said it would back a class action lawsuit.  ... 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 »