Wednesday, 24 December 2014

Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds


Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.

Read more: http://ift.tt/13EpIA6

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