ratings

Tyler Durden's picture

Next Up Spain: Ratings Revised To Negative From Stable By S&P, Still At AA+





Nothing to see here. Just an oncoming sovereign default freight train. Oh, and a total collapse in the euro.

 
Tyler Durden's picture

S&P Commits Professional Suicide With Ratings Round Trip, Underlying CRE Remains Toxic Garbage





Rare? Medium Rare? Medium? Well Done? S&P? Indeed, as the last peg in the gradation of burnt to a crisp, S&P smells completely done. As in there isn't even left a shadow of a doubt that all S&P does is pander to the solicitations of whatever few remaining clients it may have, or, as the case may be, the U.S. government. Any credibility S&P, which one would be excused for confusing with Sycophantic & Pathetic, may have tried to salvage over the past 6 months has been gutted and left to dry after this most recent fiasco, which is the final straw on theMcGraw-Hill subsidiary's expedited route to the NRSRO utterly discredited trash heap.

 
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