Standard & Poor's

Standard & Poor’s is best known for stock market indices such as the US-based S&P 500 and for its credit ratings, competing against Moody's Investors Service and Fitch Ratings. Rating agencies came under fire for issuing top ratings to pools of mortgages which included subprime loans and in February 2013, the US Justice Department filed a civil lawsuit against S&P, seeking US$5 billion in civil damages.

Will take time to measure success of Japan Abe’s policies: S&P

18 Feb 2013

Ratings agency Standard & Poor’s remained cautious about Japanese Prime Minister Shinzo Abe’s policies to stimulate growth and end deflation, and maintained its negative outlook on Japan’s...

Under-fire McGraw-Hill builds war chest

14 Feb 2013

McGraw-Hill, which faces US$5 billion in fines for allegedly misleading bondholders, is fortifying its own investors with US$1.4 billion in net cash and what may be the fastest profit growth since...

S&P parent says US case flawed

13 Feb 2013

The parent of credit ratings agency Standard & Poor’s Corp, which was hit with a US$5 billion fraud lawsuit by the US government last week, fired back, saying it doesn’t believe the government...

Standard & Poor's looks secure despite US government lawsuit

7 Feb 2013

The Department of Justice accuses McGraw-Hill and its subsidiary Standard & Poor's of deliberately understating the risk of bonds backed by mortgages made to the riskiest borrowers, in order...

US lawsuit casts pall over S&P

6 Feb 2013

Lawyers for Standard and Poor’s, responding to a US government probe, have tried for months to show it did nothing wrong in rating exotic securities in the run-up to the financial crisis.

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S&P expects lawsuit over pre-crisis ratings

Standard & Poor’s said it expects to be the target of a US Department of Justice civil lawsuit over its mortgage bond ratings, the first federal enforcement action against a credit rating...

S&P sounds alarm on China's overinvestment

"China has the highest investment-to-GDP ratio in the world - a downturn in its investment cycle would not only adversely affect its economy but also those of others, and global commodities prices...

China has stimulus ammunition, says S&P

Beijing still has plenty of ammunition for stimulus measures, but some companies and banks face considerable risks, according to recent reports by ratings agency Standard & Poor's.

STEEL

China's steel makers set for two more years of poor profits

Profitability of mainland steel producers will remain poor in the next two years in the severely oversupplied sector, unless Beijing comes up wit

Lenders likely to take a hit as interest margin shrinks

Profitability of mainland banks will be hit this year as the government liberalises interest rates, says Standard & Poor's.

S&P removes SHKP from watch list, shares edge up

Shares of Sun Hung Kai Properties edged up yesterday after Standard & Poor's affirmed its long-term rating and removed it from its credit watch negative list, saying the arrest and probe of...