RatingAgency.com
RatingAgency.com is the first blog and podcast covering the people and activities of the credit rating agencies. We'll be keeping track of personnel moves, criteria changes, and profiling the most powerful unknown players on Wall Street -- the bond analysts who move the capital markets.
Saturday, February 13, 2010
Tuesday, February 09, 2010
U.S. debt fears make Germany a safer haven, Pimco bond director says
A fascinating perspective on the bond markets in a Reuters report in the Financial Post of Canada, entitled
U.S. debt fears make Germany a safer haven, Pimco bond director says. Mohamed El-Erian, head of PIMCO, is quoted saying "As we stand today, we prefer to take interest rate risk like government bonds in Germany, which has much better conditions than in the United States."
El-Erian's comments follow a January warning by Moody's Investor Service that the US sovereign 'AAA' rating is under pressure.It's a measure of how much the world has changed that bond funds think Germany is a more stable economic market than the US, and Moody's thinks it might ding the US 'AAA' rating.
Please fasten your seat belts and remain seated, the captain has not yet parked the plane at the gate.
Monday, February 08, 2010
Breakingviews | PNC
Breakingviews | PNC
S&P jumped the gun on its announcement of PNC Financial's capital raising. Apparently issued its comment before the bank had made its plans public.

