Search results
Results from the WOW.Com Content Network
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities.
The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.
During the course of its history, McGraw Hill and from 2016 S&P Global has expanded significantly through acquisition, not just within the publishing industry but also into other areas such as financial services (the purchase of Standard & Poor's in 1966) and broadcasting (the 1972 acquisition of Time-Life Broadcasting).
Created Date: 8/30/2012 4:52:52 PM
%PDF-1.4 %âãÏÓ 6 0 obj > endobj xref 6 120 0000000016 00000 n 0000003048 00000 n 0000003161 00000 n 0000003893 00000 n 0000004342 00000 n 0000004557 00000 n 0000004733 00000 n 0000005165 00000 n 0000005587 00000 n 0000005635 00000 n 0000006853 00000 n 0000007332 00000 n 0000008190 00000 n 0000008584 00000 n 0000009570 00000 n 0000010489 00000 n 0000011402 00000 n 0000011640 00000 n ...
Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the Fortune 500 list of 2021. [2] The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default.
The rating agencies added levels of gradation to their rating systems. In 1973, Fitch added plus and minus symbols to its existing letter-rating system. The following year, Standard and Poor's did the same, and Moody's began using numbers for the same purpose in 1982. [8]
source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...