24 November 2009

Updated: What Credit Rating for a Financial Institution tht ran out of Cash?

I have updated the post:
What Credit Rating for a Financial Institution that ran out of Cash Last Week?
It now includes a full analysis and discussion of S&P's statements and the issues they identified and how SCF has resolved, or failed to resolve them. Of the 9 issues identified, SCF appears to fail 5, pass or possibly pass 3 and have one unclear result.

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