R&R has 8 out of the 10 required letters for NRSRO designation. The Office of Credit Ratings (OCR) at the SEC only considers one valid. A key area of disagreement is whether our valuations, calculated directly from our ratings, deserve to be considered "nationally recognized...
Very loosely speaking, and in line with some of the analogies to physics given in this book, structured finance could be viewed as the "quantization of corporate finance". The authors succingtly give a hint to this viewpoint when they write in chapter 2 that structured...
[caption id="" align="alignleft" width="190"] R&R Consulting in DealBook[/caption] DealBook - R&R Consulting Sets Sights on Being a Credit Ratings Agency. http://dealbook.nytimes.com/2011/12/08/a-would-be-ratings-agency-without-rose-colored-glasses/...
Last night, I was hosted by Andrew Chi Fai Chan, Director of the EMBA program at Chinese University of Hong Kong (CUHK) and civic leader, at the downtown campus, where I had the privilege of speaking to a mix of current students and alumni about...
R&R Consulting, an eleven-year-old Structured Finance consultancy expert in valuing complex securities, is offering new analysis to gauge the credit of prime non-agency residential mortgage backed securities. R&R’s analysis, which they dub PrimeTRAK, provides a current credit valuation on the synthetic mortgage index known as...
On May 18, 2011, Ann Rutledge testified to the Senate Sub-committee on Securities, Insurance and Investments on the State of the Securitization Markets: http://www.c-spanvideo.org/annrutledge On January 10, her testimony was picked up on Mortgage Orb.com as Correcting the Flaw in the Rating System. http://bit.ly/jUyhm0 Check it out!...
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...
Business News Network's SqueezePlay interviews R&R Consulting principal Sylvain Raynes on the use of asset-backed commercial paper to finance independent film productions. Watch the full interview, "ABCP for Indie Films?", BNN, November 16, 2010....
The New York Times interviews R&R Consulting principal Ann Rutledge about the Security and Exchange Commission's proposal to tighten rules as a means of restoring trust to the asset-backed securities market. Read her assessment of the prospects for meaningful reform in Gretchen Morgenson's September 4...
Around January 2007, I received a job offer from AIG Risk Management. I did not take the offer for various reasons, one being that I was still under a consulting contract with my employer at the time, but I vividly recall the meeting with Chief...