Rating Agencies

Standard & Poor’s

Overview: Standard & Poor’s (S&P;) is a division of publicly-traded McGraw-Hill, headquartered in New York. Its main lines of business include: Credit Ratings Market Indices Investment Research Risk Evaluation Financial Data and Information Job Openings: See this current list of job openings. Size: Standard & Poor’s reports these figures as of June, 2008: Employees = …

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Moody’s

Overview: Moody’s Corporation is a publicly-traded company headquartered in New York. Its subsidiaries are: Moody’s Investors Service Moody’s KMV (credit analysis tools) Moody’s Economy.com (economic research and data) Moody’s Wall Street Analytics (structured finance software and analysis) The main lines of business in the principal subsidiary, Moody’s Investors Service, are: Credit Ratings Investment Research Risk …

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Fitch

Overview: Fitch Ratings has dual headquarters in New York and London. It is a majority-owned subsidiary of Fimalac, which is headquartered in Paris. For Fitch, the main lines of business include: Credit Ratings Derivatives Ratings Structured Finance Surveillance Analytical Training (credit analysis, corporate and structured finance) Job Openings: See this list of current job openings. …

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Egan-Jones Ratings

Overview: The Egan-Jones Ratings Company is a privately held ratings agency headquartered in the Philadelphia suburb of Haverford, Pennsylvania, named for its founding partners and employing only 20 persons. Long after all major competitors moved to being compensated by the companies or government entities whose securities they rate, Egan-Jones has clung to the older model …

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A.M. Best

A.M. Best Overview: A.M. Best was founded in 1899 by Alfred M. Best, now headquartered in Oldwick, NJ. It has branch offices in London (since 1997) and Hong Kong (since 2000). Its main lines of business include: Insurance Company Ratings Insurance Company Debt Ratings Bank Ratings Hospital and Health Care System Ratings A.M. Best added …

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Rating Agency Reforms

Rating Agency Reforms Overview: Rating agencies have long been under criticism both for conflicts of interest and for the quality of their output. These criticisms have only intensified in the wake of the 2008 financial crisis, during which rating agencies did a notoriously poor job collectively. The principal charges leveled against them are: Rating agencies …

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Rating Agencies

Rating Agencies Overview: Rating agencies assess the financial strength of companies and governmental entities, both domestic and foreign, particularly their ability to meet the interest and principal payments on their bonds and other debt. Rating agencies also carefully study the terms and conditions of each specific debt issue. The rating for a given debt issue …

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