Latest S&P Headlines
All the headlines from our S&P Topic Page, ordered by recency.
S&P: ‘Systemically Important’ Designations Could Trigger Restructurings of Global Insurers
Jul 24 2013 // New requirements that will be imposed on insurers that the Group of 20’s Financial Stability Board has designated to be global systemically important insurers (G-SII) may motivate restructurings of these companies...
S&P: G-SII Designation Could Affect Ratings in the Longer Term
Jul 24 2013 // The longer-term rating implications for insurers that the Group of 20’s Financial Stability Board (FSB) has designated global systemically important insurers (G-SIIs) will be mixed, according to a report published by...
MTA Plans Catastrophe Bond Sale Linked to Storm Damage, S&P Says
Jul 16 2013 // The Metropolitan Transportation Authority plans to use bonds designed to help New York City’s subway operator guard against storm surge damage after suffering $4.8 billion in wreckage from Hurricane Sandy.A Nov. 5,...
S&P Wins Transfer of Ratings Lawsuits by States to Federal Court in New York
Jun 7 2013 // Standard & Poor’s and its parent company McGraw Hill Financial Inc. on Thursday won a ruling that moves 15 lawsuits in which they were accused of fraudulently inflating credit ratings to a single federal...
AIG, General Motors to Be Added to S&P 100
Jun 5 2013 // S&P Dow Jones Indices says it will soon add two well-known U.S. companies to the S&P 100. Automaker General Motors Co. will replace H. J. Heinz Co. in the S&P 100 and 500 indices on Thursday. The ketchup...
S&P Says Endurance Ratings Unaffected By CEO Stepping Down
May 30 2013 // Standard & Poor’s Ratings Services said that its rating on Endurance Specialty Holdings Ltd., currently ‘BBB+’ with a stable outlook, is unaffected by the recent announcement that David Cash has...
S&P Updates Allstate and Subs Ratings; Outlook Revised to Stable from Negative
May 29 2013 // Standard & Poor’s Rating Services announced that it has completed a review of Allstate Corp. and, under its revised insurance criteria, has affirmed the ‘A-‘ issuer credit rating on the holding...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
S&P Assesses Insurance Industry and Country Risk Shaping Insurance Markets
May 23 2013 // A report by Standard & Poor’s Ratings Services notes that “for the two main insurance sectors, life and property/casualty (P/C), overall industry and country risks are, on average, much lower in developed...
S&P Affirms AXIS Capital and Subs Ratings; Outlook Stable
May 22 2013 // Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and senior debt ratings on AXIS Capital Holdings Ltd., as well as the ‘A+’ counterparty credit and financial...
S&P Cuts Rating on Buffett’s Berkshire Holding Company But Not Insurance Units
May 17 2013 // Warren Buffett’s Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor’s, which cited a new methodology for evaluating insurers and Berkshire’s dependence on its insurance...
Bipartisan Senators Ask SEC for Action on Credit Rating Agency Pay
May 14 2013 // A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of conflicts that helped...
Moody’s, S&P Settle Negligence Lawsuits Over Debt Vehicle Ratings
Apr 28 2013 // Moody’s Investors Service and Standard & Poor’s on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt vehicles...
Federal Judge Moves S&P Ratings Case Back to State Court
Apr 26 2013 // A federal judge handed a legal defeat to Standard & Poor’s, ruling that a lawsuit in which Connecticut accused it of fraudulently inflating credit ratings to win business should be moved back to the state court...
S&P Asks Federal Court to Dismiss U.S. Fraud Lawsuit
Apr 23 2013 // Standard & Poor’s asked a federal judge on Monday to dismiss a U.S. Justice Department civil suit against the rating agency, arguing the government’s case is based on vague statements that cannot be used to...
S&P Report Looks At ERM Scores of North American, Bermudian Insurers
Apr 19 2013 // Standard & Poor’s Ratings Services has updated its enterprise risk management (ERM) opinions for all of its rated North American and Bermudian insurance companies. S&P explained that an...
S&P: Bermuda Outlook Revision ‘No Impact’ on Bermuda Reinsurer Ratings
Apr 19 2013 // Standard & Poor’s Ratings Services in a report titled “The Recent Outlook Revision On Bermuda Does Not Affect Bermudian (Re)Insurers“, said that “despite the recent outlook revision on the...
S&P Rates Florida Cat Fund Bonds ‘AA-‘
Mar 14 2013 // Standard & Poor’s Ratings Services has assigned its “AA-” rating to Florida Hurricane Catastrophe Fund (FHCF), Florida’s $2 billion revenue bonds series 2013A. The outlook is stable, according...
U.S., States Weigh Suing Moody’s Over Mortgage Ratings
Feb 8 2013 // The U.S. Justice Department and multiple states are discussing also suing Moody’s Corp. for defrauding investors, according to people familiar with the matter, but any such move will likely wait until a similar...
Government Suit Against S&P Could Embolden Other Investors to Sue
Feb 6 2013 // Lawyers for Standard and Poor’s, responding to a U.S. government probe, have tried for months to show it did nothing wrong in rating exotic securities in the run-up to the financial crisis. In one meeting, the...
