Ratings notches: Difference between revisions
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And as in the early part of the millennium, we saw regulatory capital ratios predicated on ratings, meaning anyone who could hoodwink gullible [[rating agency]] professionals with a sophisticated cashflow model could create financial instruments with the potential to detonate the financial markets as we know them. [[CDO Squared|Just as well that never happened]]. | And as in the early part of the millennium, we saw regulatory capital ratios predicated on ratings, meaning anyone who could hoodwink gullible [[rating agency]] professionals with a sophisticated cashflow model could create financial instruments with the potential to detonate the financial markets as we know them. [[CDO Squared|Just as well that never happened]]. | ||
Anyway, here, with feeling, you can find the ratings notches of each of the main organisations: | |||
*'''[[S&P]]''': [https://en.wikipedia.org/wiki/S%26P_Global_Ratings here] (as set out by Wikipedia) | |||
*'''[[Moody’s]]''': [https://www.moodys.com/sites/products/AboutMoodysRatingsAttachments/MoodysRatingSymbolsandDefinitions.pdf here] (as published by Moody’s in a handy PDF). | |||
{{sa}} | {{sa}} | ||
*[[Beware of shorthand]] but [[it’s okay to generalise]] | *[[Beware of shorthand]] but [[it’s okay to generalise]] | ||