S&p Balks At Sec Proposal To Reveal Rating Errors

S&P balks at SEC proposal to reveal rating errors

WASHINGTON (Reuters) - Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings.

RELATED ARTICLES
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • S&P cuts Egypt's credit ratings
    Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves. More
  • LinkedIn Shares Slide After Disappointing Outlook
    LinkedIn's surging share price cooled Friday as the social network projected slower revenue growth next quarter following a decision to lower the number of display ads that the website shows. More
  • Stocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
  • Empire State Building IPO clears NY legal hurdle
    A legal challenge to an ambitious plan to let the public buy shares in one of New York City's most famous landmarks — the Empire State Building — was cast aside on Tuesday in a ruling by a Manhattan judge. More
BING NEWS:
  • SEC seeks more feedback for one minute reporting proposal
    In a move that kicks the can down the road at the very least, the Commission has begun a process that often results in outright rejection.
    04/23/2024 - 11:27 am | View Link
  • S&P downgrades Israel rating on heightened geopolitical risk
    ISRAEL received its first-ever sovereign downgrade as S&P Global Ratings lowered its credit rating to A+ from AA- on heightened geopolitical risks for the region. The nation was cut by one notch to ...
    04/18/2024 - 1:08 pm | View Link
  • S&P slashes property giant China Vanke's credit rating to junk
    LONDON, April 10 (Reuters) - There was more bad news for the battered Chinese property sector on Wednesday, as S&P Global became the last of the major credit rating firms to strip China Vanke , of ...
    04/10/2024 - 2:11 am | View Link
  • S&P cuts Paramount Global's credit rating to 'BB+' on streaming challenges
    opens new tab credit rating to 'BB+' from 'BBB-' on Wednesday as stiff competition in the streaming landscape pressures the media giant's free operating cash flow (FOCF) generation. S&P had placed ...
    03/27/2024 - 9:50 am | View Link
  • Paramount Global’s Debt Rating Downgraded to Junk by S&P
    Paramount Global‘s debt rating was cut to junk status by credit-rating agency S&P Global, which cited the media conglomerate’s ongoing challenges with free cash flow generation relative to its ...
    03/27/2024 - 9:26 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News