Articles on Credit rating

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Qantas CEO Alan Joyce is under pressure, with the airline flagging a $300 million half-year loss. Alan Porritt/AAP

Runway to junk looms large for cash flow negative Qantas

Qantas has flagged deteriorating trading conditions and a potential A$300 million half-year loss in a statement to the market that has sent its share price tumbling. The airline has stepped up its cost…
Subprime ratings have come back to haunt Standard and Poor’s, which is now facing civil action from the US government. AAP

US government’s lawsuit against S&P puts ratings agencies back in the spotlight

Five billion dollars is a lot of money — and that is the amount which the US Justice Department claims were losses incurred by US banks and credit unions from investing in CDOs rated by Standard &…
Demonstrators in front of Standard & Poor’s credit rating agency offices in Paris 15 January 2012. AAP

Why we should be wary of ratings agencies

For decades, credit ratings agencies were largely ignored by the masses, but in recent months they have continued to hit the headlines again and again. The big three (Standard & Poor’s, Moody’s and…

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