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Credit Officer Switch at S&P
Keywords:
Ian Thompson takes over as the new Chief Credit Officer at S&P. He replaces Mark Adelson, who will remain as a senior fellow at S&P. He was hired by the previous CEO, Deven Sharma. Deven Sarma was replaced by former Citigroup excutive, Doug Peterson, in September 2011, weeks after the downgrading of the U.S. sovereign credit rating. Ian Thompson reported to Mr. Adelson, as the head of the Asia-Pacific region. Adelson joined in 2008 with the task of making it difficult to earn the highest credit rating for issuers following the subprime mortgage crisis, in which credit rating firms gave top ratings to lower quality mortgage securities. Mr. Jacob, the structured finance chief, will also be leaving S&P. The frequent management changes are viewed as making it harder for S&P to win back credibility in its ratings.
S&P management
07/22/2011
Grouped Articles
McGraw Hill Financial Results Top Views on Rating Service Strength
Wall Street Journal 07/30/2014
Making the Call on U.S. Credit Rating
Wall Street Journal 07/22/2011
New S&P Chief Knows Crisis and Change
New York Times 08/24/2011
Wall Street Journal 08/24/2011
At S&P, a Crusader for Tough Ratings
Wall Street Journal 10/05/2011
Wall Street Journal 12/09/2011
Credit Rating Officers at S&P
12/09/2011
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S&P's Account of An Irate Treasury Secretary
New York Times 01/21/2014
S&P Nears Settlement on Real-Estate Bond Ratings
Wall Street Journal 12/26/2014
S.&P. Settlement Leaves Future Unclear for Ratings
New York Times 02/03/2015
Wall Street Journal 12/09/2011
Credit-Rating Gadfly Leaves S&P
Wall Street Journal 08/30/2012
Washington Post 02/05/2013
S&P performance
08/11/2011
Grouped Articles
McGraw Hill Financial Results Top Views on Rating Service Strength
Wall Street Journal 07/30/2014
S.&P. Nears Settlement With Justice Over Inflated Ratings
New York Times 01/12/2015
S.&P.'s $1.37 Billion Reckoning Over Crisis-Era Misdeeds
New York Times 02/03/2015
Wall Street Journal 08/11/2011
Raters Fail to See Defaults Coming
Wall Street Journal 08/12/2011
New S&P Chief Knows Crisis and Change
New York Times 08/24/2011
S&P and credit rating for U.S. debt
07/22/2011
Grouped Articles
S&P's Account of An Irate Treasury Secretary
New York Times 01/21/2014
S&P Nears Settlement on Real-Estate Bond Ratings
Wall Street Journal 12/26/2014
Making the Call on U.S. Credit Rating
Wall Street Journal 07/22/2011
Wall Street Journal 07/23/2011
S&P downgrades U.S. credit rating for first time - The Washington Post
Washington Post 08/06/2011
S&P's Rationale for Downgrading the U.S.
New York Times 08/06/2011
S&P credit ratings of banks in the U.S., Europe and China
12/01/2011
Grouped Articles
Wall Street Journal 12/01/2011
S.&P. Warns Euro Zone of Ratings Downgrades
New York Times 12/05/2011
Wall Street Journal 12/09/2011
France's Triple-A War of Words
Wall Street Journal 12/16/2011
Wall Street Journal 04/16/2012
S&P's efforts to reestablish the credibility of its ratings system in 2011-2013
04/14/2011
Grouped Articles
SEC Tells S&P It Could Face Enforcement Action
Wall Street Journal 07/24/2014
Regulators Struggle With Conflicts in Credit Ratings and Audits
New York Times 08/21/2014
S&P Nears Settlement on Real-Estate Bond Ratings
Wall Street Journal 12/26/2014
S.&P. Settlement Leaves Future Unclear for Ratings
New York Times 02/03/2015
At S&P, a Crusader for Tough Ratings
Wall Street Journal 10/05/2011
Why Wall Street Can't Handle the Truth
Wall Street Journal 11/05/2011
Reaction in financial markets to the U.S. credit rating downgrade to AA+
01/16/2009
The downgrade by credit ratings agency S&P for U.S. Treasury securities on August 5, 2011. The downgrade had been expected for several weeks as debt ceiling negotiations in Congress dragged on in July 2011.
Grouped Articles
S&P's Lack of Sway on Display in U.S. Move
Wall Street Journal 06/11/2013
S&P's Account of An Irate Treasury Secretary
New York Times 01/21/2014
For Markets, 'Lehman Effect' Not Likely
Wall Street Journal 08/06/2011
The Downgrading of a Debtor Nation
New York Times 08/08/2011
The system works - The Washington Post
Washington Post 08/12/2011
Raters Fail to See Defaults Coming
Wall Street Journal 08/12/2011
Wall Street Journal study of the performance of credit ratings firms for sovereign defaults since 1975
08/12/2011
A review of the performance of the sovereign ratings units of S&P, Moody's Investors Service and Fitch Ratings, shows the ratings firms did poorly in predicting defaults in the 12 months preceding the actual default. The ratings take into account static indicators such as current account balances but pay less attention to political changes and bank deposit flows. Investment managers turn to changes in bond yields for government debt as a better indicator of default conditions.
Grouped Articles
Rating Firms Steer Clear of an Overhaul
Wall Street Journal 05/12/2013
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
What Crisis? Big Ratings Firms Stronger Than Ever
Wall Street Journal 03/10/2016
Raters Fail to See Defaults Coming
Wall Street Journal 08/12/2011
New S&P Chief Knows Crisis and Change
New York Times 08/24/2011
At S&P, a Crusader for Tough Ratings
Wall Street Journal 10/05/2011
S&P and sovereign eurozone debt credit ratings
06/24/2011
S&P debt ratings for France, Spain, Italy, Germany, Netherlands and other Eurozone countries.
Grouped Articles
S.&P. Downgrade Deals Blow to French Government
New York Times 11/08/2013
Social-Security Woes Vex France's Hollande
Wall Street Journal 11/11/2013
New York Times 11/10/2013
Netherlands Loses Triple-A Rating, Spain Outlook Raised
Wall Street Journal 11/30/2013
What Crisis? Big Ratings Firms Stronger Than Ever
Wall Street Journal 03/10/2016
S.&P. Warns Euro Zone of Ratings Downgrades
New York Times 12/05/2011
S&P
08/12/2011
Grouped Articles
Raters Fail to See Defaults Coming
Wall Street Journal 08/12/2011
New S&P Chief Knows Crisis and Change
New York Times 08/24/2011
At S&P, a Crusader for Tough Ratings
Wall Street Journal 10/05/2011
Wall Street Journal 12/09/2011
Wall Street Journal 02/05/2013
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor
New York Times 02/05/2013
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