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

You would think with the way that CNBC handled the earnings releases this week (starting with Alcoa) and then the earnings pre-announcements from Cummins (CMI) and such mid-week, and with Bespoke as well as S&P Capital IQ company negative revisions continue to outnumber positive, I still think q2 '12 earnings will not only be ok, but will demonstrate that the bearish sentiment is out-of-whack with bottoms-up company fundamentals, within the S&P 500. Why did the The US corporate bond spread and the US implied stock market volatility (VIX) are generally used to measure outlook and credit watch) reported by Standard and Poor (S&P), Moodyps Investors. 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. Naturally, S&P While the gory details of who knew what will undoubtedly fascinate, I hope that the debate around this lawsuit has room for a discussion about how to solve the fundamental rating agency problem. Though Bermuda has seen its outlook adjusted, like a number of other jurisdictions, the Government said they “pleased that the underlying fundamentals and strengths of our Bermuda economy have been recognised and that we have not been downgraded.”. 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. Why did the spreads of countries with solid fiscal fundamentals rise with the financial crisis? This doesn't mean QE did nothing (I think it (Figure 2 – Corporate Profits vs S&P 500) .. In fact, the credit rating agencies did not modify their credit risk assessment against the bonds issued by these countries, keeping the triple%A classification. All those people screaming about the ill effects of deficit spending and hyperinflation in recent years missed the very explainable and fundamental driver of the profits momentum. Standard and Poor's on Friday revised the nation's rating downwards to a AA+ with a negative outlook, despite a push back from the White House, which said the rating agency's analysis of the US economy was deeply flawed. In this regard, when the May warning was given the UK government, the relevant Standard & Poor's credit analyst said that: The rating could be lowered if we conclude that, following the . [Updated] Ratings agency Standard & Poor's [S&P] has lowered its outlook on Bermuda from stable to negative and affirmed its 'AA-/A-1+' long- and short-term issuer credit ratings [ICR] on the island. The ratings agencies have admitted to US government enquiries recently that they took money in return for ratings that were not based on any fundamental assessments other than the cash they were being paid. Tags:Standard & Poor's Fundamentals of Corporate Credit Analysis, tutorials, pdf, djvu, chm, epub, ebook, book, torrent, downloads, rapidshare, filesonic, hotfile, fileserve. Credit rating agency Standard & Poor's on Monday upgraded its credit outlook for the United States government to stable from negative, saying the chances of a downgrade of the country's rating is less than one in three. Although not a downgrade, it is a shock for an emerging market leader whose economic fundamentals have been improving so consistently in recent years that the upward trend was almost taken for granted. While cancelling this upgrade allowed S&P to remain competitive with Moody's and Fitch, it (allegedly) did a huge disservice to AAA investors such as the Western Federal Credit Union, on whose behalf the government filed its complaint. It's totally fair for S&P to factor politics into their assessment of sovereign debt. Well, I think the fiscal policy and lack of transfers have played a larger role than you're giving credit for.