Prolonged crisis has stretched government resources
Rating sentiment is expected to remain predominantly negative for the remainder of 2009
The European Parliament Thursday voted in favour of adopting new regulations for credit rating agencies.Under the new rules, credit rating agencies will be required to register with the Committee of European Securities Regulators, and they will be subject to oversight. Registered credit rating agencies will have to comply with rules regarding conflicts of interest, ratings […]
Vulnerable companies are in the manufacturing and media sectors
Global credit quality for corporate issuers continued to worsen during the first quarter of 2009, reports Moody’s Investors Service.“This downgrade rate is higher than pre-economic crisis figures,” reports Moody’s analyst, Jennifer Tennant. For example, the downgrade rate in the first quarter was 13.8%. By comparison, the rate for 2006 as a whole was 10.2%, and […]
Three largest CRAs have substantially implemented changes to code
The CSA and some international regulators have come up with plans on how to regulate these agencies
U.S. bond issuance declined dramatically in the second half of 2008
Following the recent decision by provincial government officials enabling the delivery of online credit reports for a fee in Nova Scotia, TransUnion is making online access to credit reports, available to consumers in the province for the first time, the company announced Tuesday.“We have consistently stated our willingness and desire to provide Nova Scotians with […]
Pace of downgrades expected to slow in 2009