Expect[ed] Loss

Breaking news : Several securities, boasting ratings higher than France and Britain as of two weeks ago, are now thought quite likely to def...

Two Bloomberg reporters wrote a thought-provoking piece late last week (see Lost AAA Brings Falling Yields-to-Deficits on Downgrade ) on t...

Opponents of quantitative credit models and their use in bond ratings contend that the decision to default is a human choice that does not ...

At Muniland, Cate Long reports  that the US Treasury Department’s Office of the Comptroller of the Currency (OCC) awarded Municipal Market...

Since the Justice Department sued S&P for fraud in February, the media has been awash with concerns as to whether a lawsuit against Moo...

The Justice Department's lawsuit against S&P made us reconsider whether the ratings provided by S&P were "opinions." ...

This morning's Financial Time s brought with it another wonderful article by Arturo Cifuentes.  Much of his commentary on ratings refor...

Wow, we're finally talking "expect[ed] loss." So here's the theory.  Moody's and Fitch have both been considering...

The government's lawsuit against S&P has triggered speculation about why DOJ singled out just one agency  and whether cases against...

In a previous blog post , I reported some figures showing that California is in significantly better fiscal condition than Canada’s largest...