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S&P Credit Research2344 word report
published Sep 24, 2008
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$500.00 available for immediate download
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S&P Credit Research
| Abstract: | Historically, ratings have provided value to the market by taking an intermediate- to long-term perspective primarily based on fundamental credit analysis. If ratings merely reflected prevailing market sentiment, they would not provide such independent analysis and value to the marketplace. In general, when appropriate, Standard&Poor's Ratings Services will take rating action when the credit implications of market sentiment (e.g., in terms of cost and access to funding) become reality. Yet, there are cases where negative market sentiment-–whether or not grounded in fundamentals--can create significant difficulties for a company, and can even precipitate a failure. Companies that operate in particularly confidence-sensitive businesses and/or place heavy reliance on short-term borrowings are especially vulnerable to this phenomenon. This can give rise
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| Brief Excerpt: | RESEARCH Ratings Definitions Why Was Lehman Brothers Rated aÇÿ##ÇÖ? Publication date: 24-Sep-2008 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812; scott_sprinzen@standardandpoors.com Secondary Credit Analyst: Tanya...
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| Report Type: | Commentary
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Financial Institutions, Global Issuers, Insurance, Public Finance, Residential MBS, Structured Finance
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
