{"title":"FAQs on 'Getting Rid of Issuer-Pay Will Not Improve Credit Ratings'","authors":"Douglas J. Lucas","doi":"10.2139/ssrn.3743358","DOIUrl":null,"url":null,"abstract":"“Getting Rid of Issuer-Pay Will Not Improve Credit Ratings” sparked questions, which we will try to answer here:<br><br>• Why was S&P so slow to downgrade subprime ratings 2007-09?<br>• Did other rating agencies downgrade these debts faster than S&P?<br>• If banning issuer pay isn’t sufficient, how can S&P’s credit ratings be improved?","PeriodicalId":306152,"journal":{"name":"Risk Management eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Risk Management eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3743358","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
“Getting Rid of Issuer-Pay Will Not Improve Credit Ratings” sparked questions, which we will try to answer here:
• Why was S&P so slow to downgrade subprime ratings 2007-09? • Did other rating agencies downgrade these debts faster than S&P? • If banning issuer pay isn’t sufficient, how can S&P’s credit ratings be improved?