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Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin
Publisher: McGraw-Hill

More than a year ago, as I wrote, the Justice Department was investigating "whether the nation's largest credit ratings agency, Standard & Poor's, improperly rated dozens of mortgage securities". Truthfully, I have pay and benefits. But, today, I'll take this conviction of a corporate law breaker. (NYSE:CHK) fell as much as 6 percent after S&P downgraded its credit rating of the company to "BB-" from "BB," reflecting shortcomings in Chesapeake's corporate governance practices and covenant concerns. It can't be move based on fear, often contrary to market fundamentals. Health care and education, as well as massive public sector layoffs at all levels, threatening our default on debt obligations, while demanding that the rich and the corporations pay not a single additional dime in revenue. Treasury said that "fundamental questions" had been raised about S&P's "credibility and integrity. Wednesday, Standard & Poor's downgraded Greece's sovereign credit rating. Decision is going to keep whole law firms awake at night trying to analyze it to death. Meanwhile, Moody's Investors Service says sovereign credit fundamentals in Southeast and South Asia should remain relatively resilient to headwinds during 2013, but warned that each country would face its own specific problems. "We believe the downfall of Lehman reflected escalating fears that led to a loss of confidence - ultimately becoming a real threat to Lehman's viability in a way that fundamental credit analysis could not have anticipated with greater levels of certainty. Though the credit rating agency Standard & Poor's no longer believes the United States merits a top triple-A rating, it is prepared to put its stamp of approval on a set of bonds backed by subprime mortgages, only a few years after its high ratings of other subprime-backed securities helped set the stage Shortly after the downgrade, a blog post at the Web site of the U.S. Will be vulnerable to the sluggish economic growth apparent in the major developed markets, and to China's lower plateau for GDP growth," says Simon Wong, a vice president and senior analyst with Moody's Corporate Finance Group.