Goldman Sachs ratings moved to negative outlook
Number of issuers on review for downgrade doubles
The ratings follow AIG’s announcement of plans to sell off many of its businesses
Entities merged with and into Transamerica Life Insurance Co.
Rating agency warns that fund of hedge funds may be unable to meet redemption requirements if risks are not closely monitored
The new outlook reflects ongoing concern about the indstry’s expanding equity market exposure
But Fitch cautions that the transition to the universal banking model has not been an automatic success for other investment banks
Credit quality tumbles among North American and European financial institutions
Recommends SEC focus on improving ratings process
The U.S. Securities Industry and Financial Markets Association Credit Rating Agency Task Force issued its recommendations for credit rating agency reform today.The task force, comprised of 37 individuals from the United States, Europe, and Asia, including asset managers, underwriters, and issuers, focused on identifying the credit-rating-related causal variables that played a significant role in triggering […]