Berating raters

3 February 2015 By Richard Beales

The credit rater isn’t admitting to any illegality, but at more than half of 2013 revenue the settlement is painful. If Uncle Sam really thinks S&P defrauded bondholders, it’s crazy to regulate raters more tightly – investors are more likely to be taken in by any shenanigans.

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.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)