Browsing Tag S&P

The SEC’s Misleading Take On Its Own Rating Agency Report

Despite Its Own Findings, It Claims Success and Congratulates Itself Despite the SEC‘s allegations of rampant bad ethics, widespread noncompliance with internal standards, insufficient controls, and little change in Moody’s, S&P’s, and Fitch’s dominance over the industry, the SEC declared victory in a recent press release[1] announcing its latest reports on its oversight of the more…

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SEC Allegations Against Rating Agencies Keep Piling Up

In a recently released report, the SEC alleges that Moody’s, S&P, and Fitch have, on multiple occasions, engaged in improper actions and had failures strikingly reminiscent to those that they engaged in and suffered from prior to the Great Recession.  It further alleges that a majority of the smaller Rating Agencies have engaged in similar more…

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