The following is a hypothetical conversation between Constance “Connie” de Boudinville, the dashing and attractive spokesperson for the US credit rating industry, and Axel Raskolnikov, an eastern European banker on a fact-finding mission in the United States aimed at improving the practice of banking in...
I would like to tell you about the recent Unites States long-term credit rating downgrade by S&P. Now surely, the Republic will stand regardless of the doom and gloom the S&P minions may see in their crystal ball. Rather than piling in right away with Hegelian...
Joint Obligation Ratings in Consumer ABS Thomas Adams, Ann Rutledge and Sylvain Raynes Current rating agency practices do not appear to factor into the ratings of insured consumer asset-backed securities (ABS) the effects of correlation between an insurer default and a transaction default. As a result, the...
The New York Times and Huffington Post quote R&R Consulting principals Sylvain Raynes and Ann Rutledge on the report of the Financial Crisis Inquiry Commission released on January 27. Among the report's revelations is the finding that some $2.9 billion from the taxpayer rescue of...
As hearings on Capitol Hill explore the role rating agencies played in the financial crisis, Business News Network interviews R&R Consulting Principal Sylvain Raynes for his insights. Watch the full interview on Squeezeplay....
Bloomberg commentator David Reilly quotes R&R's Ann Rutledge on the next target for regulators in mending the financial crisis: the "shadow banking system" of non-bank lending markets. Rutledge calls for "an exchange-like setting to provide the sort of standardization and rules that help trading of stocks...
The March 20 edition of The Wall Street Journal quotes R&R's Ann Rutledge calling for rating agencies to develop new ways to rate debt as they benefit from the government's bailout program:"[Rating agencies] are still paid for their ratings by the companies whose bonds they...
In her article on the RGE Monitor Web site, R&R's Ann Rutledge discusses two myths that she sees offered as fact in a recent position paper by the Financial Economists Roundtable, "Reforming the Role of the Statistical Ratings Organizations in the Securitization Process." Myth 1:...
Sylvain Raynes comments on the SEC’s proposal to remove the requirement of credit ratings for debt securities:"A consultant who advises investors on pricing complex securities said the SEC plan would open up opportunities for firms like his. Sylvain Raynes, a founding principal of R&R Consulting,...