S&P Blasted For Withholding CMBS Rating

29 Jul 2011

Standard & Poor’s has come under heavy criticism from Morgan Stanley, Deutsche Bank and other Wall Street financial institutions for withholding a rating on a commercial mortgage-bond securities offer that has since been withdrawn by Goldman Sachs and Citigroup.

Standard & Poor’s has come under heavy criticism from Morgan Stanley, Deutsche Bank and other Wall Street financial institutions for withholding a rating on a commercial mortgage-bond securities offer that has since been withdrawn by Goldman Sachs and Citigroup. S&P’s action “has severely eroded investor and issuer confidence ...

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