Fitch Ratings on Wednesday said it may cut the ratings for Dow Chemical and Rohm & Haas after Kuwait scrapped a deal to form a $17.4 billion petrochemical joint venture with Dow.
Fitch Ratings on Wednesday said it may cut the ratings for Dow Chemical and Rohm & Haas after Kuwait scrapped a deal to form a $17.4 billion petrochemical joint venture with Dow.
Critics say credit-rating agencies underestimated the risk of mortgage debt or overlooked its danger so they could rake in profits during the housing boom.
The new rules are designed to stem conflicts of interest and provide more transparency for the credit-rating industry, widely faulted for its role in the subprime mortgage debacle.
The bond insurer said that it had reached an agreement with counterparties to terminate $3.5 billion of its exposures to risky mortgage-backed debt, which would improve its capital position.
Nielsen will be in direct competition with Arbitron, the country’s leading supplier of radio ratings data.
Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, face more cuts in their credit ratings before the year is up.
When did CBS, the network awash in cop shows featuring leading men in their 50s, become the hot network with young audiences?
Intending to prevent conflicts between credit rating agencies and their clients, European officials are putting the finishing touches on a draft law to overhaul regulations.
Though G.E. boasts a triple-A credit rating, but there are questions as to how accurate this rating is.
Members of Congress leveled sharp criticism at what they called egregious lapses at the credit-rating agencies.