FAQs on 'Getting Rid of Issuer-Pay Will Not Improve Credit Ratings'

Douglas J. Lucas
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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?
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有关“取消发债人付款不会改善信用评级”的常见问题
“摆脱发行者支付不会改善信用评级”引发了一些问题,我们将在这里尝试回答:•为什么标普在2007-09年下调次贷评级时如此缓慢?•其他评级机构下调这些债务的速度是否比标普更快?•如果禁止发行人支付还不够,如何才能提高标普的信用评级?
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