Focus
AAA rating
Despite Forecast Difficulties, Britain’s Finance Rating May Drop
Based on economic and fiscal forecasts, the UK’s ‘AAA’ Long-term Issuer Default Ratings could be downgraded in the near fuure.
Australian Court Rules S&P Misled Investors
The Federal Court of Australia ruled Nov. 5 that S&P misled investors by assigning AAA rating to a highly complex structured finance vehicle.
