Mortgage Security Ratings: Now Twice As Fast!
VantageScore has managed to sell Fitch Ratings on the idea that they should use their FICO score replacement as a means to rate mortgage securities. In general I like the idea. Instead of vague “prime”...
View ArticleFitch Unimpressed By Debt Deal, GDP; Markets Unimpressed By Fitch
S&P has made it so enticing to get involved in U.S. debt politics that the other agencies are jumping on the bandwagon. And Washington can’t win: while S&P continues to talk a big game about...
View ArticleWhat Are You Paying Ratings Agencies Zero Dollars For, Anyway?
Fitch released a report today saying “ohmygod banks Europe” and the market went down and maybe there’s a causal link, whatever. The report mostly takes notice of US banks’ European exposures in...
View ArticleFitch: If The US Doesn’t Shape Up…Something Of Little To Consequence Might...
Fitch’s outlook on the U.S., which it still assigns its top AAA grade, reflects declining confidence that timely fiscal measures necessary to place U.S. public finances on a sustainable path will be...
View ArticleFitch: You Should Just Give Up Already
Fitch Ratings lowered its outlook on France’s triple-A rating to “negative” from “stable,” indicating there is a 50-50 chance the nation could lose its top investment-grade rating over the next two...
View ArticleFitch Has Something To Say About Fudgie
“Manageable” but “raises questions.” Fitch Ratings has downgraded JPMorgan Chase & Co.’s (JPM) Long-term Issuer Default Rating (IDR) to ‘A+’ from ‘AA-’ and its Short-term IDR to ‘F1′ from ‘F1+’....
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Shadow Banking Is Just Like Regular Banking, Only Darker
It feels virtuous every so often to take glance over at the triparty repo market. You get a nice dose of horrified vertigo and then go back to your life and don’t think about it for a while and that...
View ArticleIrrelevant Entity DOES NOT Want to See 2011-Style Dicking Around on the Debt...
Fitch Ratings is showing the U.S. some tough love. Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: debt ceiling, Fitch, warnings
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Why Should Taxpayers Give Big Banks A Subsidy of $83 Billion Per Year, Or Any...
Bloomberg has an editorial today about how the government is subsidizing the top ten U.S. banks by $83 billion a year and maybe it should stop doing that. Because the editorial is getting a lot of...
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Fitch And Kroll Are Happy To Make Mortgage Securitization Fun Again
Bloomberg has a delightful story today about a new JPMorgan RMBS transaction, its first non-agency deal since the crisis. Specifically about this: The bonds are made riskier by the New York-based bank...
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Congressmen Have Some Advice For Ratings Agencies
The ideal financial regulatory regime would go like this: Regulators would tell market participants not to screw up. Market participants would not screw up. Peace and harmony would reign throughout the...
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Fitch May Or May Not Downgrade U.S.
Fitch Ratings placed the U.S.’s pristine triple-A rating on watch for downgrade Tuesday as the federal government runs short on time to raise the nation’s borrowing limit. The Fitch warning comes as...
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Fitch, Moody’s, S&P Were Quite Obviously Pulling A Jimmy Cayne For Most Of...
The liquidators want $1 billion for investors and the name of the rating agencies’ dealer for a friend. The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major...
View ArticleFitch, Moody’s Still More Patriotic Than S&P
Neither are going to make that double-A-plus mistake that a certain ratings agency made, and […]
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