Archive for August 18th, 2011

Super-Downgrade Me!


Thursday August 18th, 2011   •   Posted by Emily Skarbek at 10:52am PDT   •   1 Comment

Since last summer, the top 3 ratings agencies (S&P, Moody’s, and Fitch Ratings) have made 196 “super-downgrades” on municipal bonds, according to research popularized in today’s Wall Street Journal. Super-downgrades are defined as cuts of at least three grade-letter scores on the traditional scale used by the firms. For example, when the US treasury…
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