This article is the first in a series we’re calling “Opening the Black Box: How to Assess Machine Learning Models.”
The role of credit-rating agencies in determining interest costs on bank loans leaves much to be desired, a study finds.
The SEC says Moody's failed to ensure the accuracy of statistical models and apply rating symbols consistently.
Mark Kaye "has an impressive record of success as a financial steward and senior executive at leading financial services companies," Moody's CEO says.
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.
'Connecticut has less flexibility to meet unanticipated revenue shortfalls,' said Standard & Poor's.
Fitch Ratings expresses doubts about Gap's cost-cutting strategy, saying earnings will fall this year even with $100 million in expense reduction.
As a standalone company, Staples has "limited ability to reverse declines in sales and EBITDA over the forecast horizon," Fitch warns.
The credit ratings agency forecast that the junk default rate will be 4% this year, up from 3.5% in 2015.
Moody's says the job cuts will reduce DuPont's Delaware workforce by a “significant” 24% and are a credit negative for the Wilmington area.
Given banks' function as key nodes in the global financial system, S&P views banks as "natural targets facing a high threat of cyber-risk."
Acquisitions and combinations will continue to be attractive to companies as low interest rates make financing inexpensive.
