A ‘designated rating organization’ would be required to adopt code of conduct
CSA says rules will address investor protection, market stability concerns
U.S. regulator plans review of rating agency
Rating agency maintains stable outlook
Downgrade reflects uncertainties about the government's financing strategy
Defaults in the current cycle were driven in large part by the forest products sector
But equities markets’ better performance has eased the pressure on these firms greatly
Chicago-based Morningstar, Inc. is buying a rating agency that focuses on the structured finance industry for US$52 million in cash and stock, the independent investment research firm said Friday.The deal for Realpoint, LLC, which includes approximately US$42 million in cash and US$10 million in restricted stock, is expected to close in the next few months, […]
Impact on corporate credit quality was especially severe in the first six months of 2009
Strong financial performance, robust capital levels prompt upgrade