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Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin
Publisher: McGraw-Hill

Perhaps most significantly the scenario saw the fundamental business model of these companies called into question. Made by Richard Smith of the Australian Broadcasting Corporation. Credit rating agency Standard & Poor's downgraded Hewlett-Packard's credit rating earlier this week, citing poor policies, a high turnover rate among top executives and an unclear strategy. €�We have concerns that HP's inconsistent growth strategies and high levels of board of director and senior management turnover have elevated the level of operational and execution risk in the near term,” S&P analyst Martha Toll Reed said in a statement. Will be vulnerable to the sluggish economic growth apparent in the major developed markets, and to China's lower plateau for GDP growth," says Simon Wong, a vice president and senior analyst with Moody's Corporate Finance Group. And only point us towards a simpler way of addressing the problem: Standard and Poor's is a self-interested corporate entity and it is acting in accordance with what it perceives its self-interest to be, in precisely the way that self-interested corporate entities will consistently do. "The change to a stable outlook on SLF is driven primarily by the improvement in Sun Life's after-tax net operating income to $1.679 billion in 2012," said Standard & Poor's credit analyst Robert Hafner. Discovery and Carbon Tracker recently collaborated with global credit-ratings agency Standard & Poors to publish 'What a carbon-constrained future could mean for oil companies' creditworthiness'. Wednesday, Standard & Poor's downgraded Greece's sovereign credit rating. Meanwhile, Moody's Investors Service says sovereign credit fundamentals in Southeast and South Asia should remain relatively resilient to headwinds during 2013, but warned that each country would face its own specific problems. Standard & Poors analysts discuss the analysis on its Credit Matters website. Perhaps because I'm not an economist, I can't at all interest myself in the question of whether the US “deserved” to have its credit rating downgraded (as Standard and Poor's has done).