SEC Sues Morningstar Over CMBS Ratings
The firm allegedly made undisclosed changes to its ratings model that allowed issuers to shortchange investors on interest.
Machine Learning Accuracy Assessment and How to Improve Outputs
Those who trust too much and those who don’t trust machine learning enough will both miss out on potentially better accuracy.
Fitch Lowers Outlook for Consumer Finance Sector
Loan forbearance offers to coronavirus-hit consumers are "prudent" but lenders' credit performance could “deteriorate rapidly” once they expire.
Virus Expected to Slam Retail, Restaurant Sales
S&P expects "very significant disruptions and sales deterioration" through the second quarter due to store closings and economic contraction.
What Kind of Problems Can Machine Learning Solve?
Understanding how to work with machine learning models is crucial for making informed investment decisions.
Manipulate Cash Flow to Boost Credit Ratings?
The role of credit-rating agencies in determining interest costs on bank loans leaves much to be desired, a study finds.
Moody’s Fined $16M Over Rating Deficiencies
The SEC says Moody's failed to ensure the accuracy of statistical models and apply rating symbols consistently.
Moody’s Names MassMutual’s Kaye as CFO
Mark Kaye "has an impressive record of success as a financial steward and senior executive at leading financial services companies," Moody's CEO says.
Ratings Analyst Accused of Insider Trading
The SEC says two friends of the analyst made nearly $300,000 in illicit profits on tips he gave them about a client's impending acquisition.
Will Ratings Agency Downgrades Haunt Connecticut?
'Connecticut has less flexibility to meet unanticipated revenue shortfalls,' said Standard & Poor's.
Gap’s Credit Rating Downgraded to Junk
Fitch Ratings expresses doubts about Gap's cost-cutting strategy, saying earnings will fall this year even with $100 million in expense reduction.