Search League Tables

Thursday, 24 April 2014

Punished credit rater kinda misses the point

BBB- penalty

The SEC has barred Sean Egan and his scrapper of a firm from some sanctioned ratings after they wrongly asserted experience with asset-backed deals. Of course, familiarity hasn’t necessarily helped Moody’s, S&P or Fitch produce smarter ratings. Neither does a government blessing.



This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

Sign In

(Launches in a new window)