From the category archives:

Standard & Poor’s

Rating the Monolines: When ‘AAA’ Stretches Too Thin

February 26, 2008

Standard and Poor’s, the giant credit rating agency, affirmed the top “AAA” ratings of bond insurers Ambac and MBIA yesterday. What seems odd about this is that it’s as if the past six months, which saw the most seismic disruptions in the credit markets in generations, wiped out tens of billions from corporate balance sheets [...]

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