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Standard & Poor's Fundamentals of Corporate Credit Analysis Blaise, Ganguin
Publisher: McGraw-Hill

It can't be move based on fear, often contrary to market fundamentals. Decision is going to keep whole law firms awake at night trying to analyze it to death. A consumer credit report is on tap today, but the main focus for traders will remain the accommodative policies from the Federal Reserve and strong corporate earnings. Standard and Poor's on Friday revised the nation's rating downwards to a AA+ with a negative outlook, despite a push back from the White House, which said the rating agency's analysis of the US economy was deeply flawed. Perhaps because I'm not an economist, I can't at all interest myself in the question of whether the US “deserved” to have its credit rating downgraded (as Standard and Poor's has done). The Fed has been feeding the long side of the market with its low interest rate policy and its aggressive asset buying program. However, institutional investors in corporate bonds often supplement these agency ratings with their own credit analysis. Daily June E-mini S&P 500 Index. And only point us towards a simpler way of addressing the problem: Standard and Poor's is a self-interested corporate entity and it is acting in accordance with what it perceives its self-interest to be, in precisely the way that self-interested corporate entities will consistently do. You would think with the way that CNBC handled the earnings releases this week (starting with Alcoa) and then the earnings pre-announcements from Cummins (CMI) and such mid-week, and with Bespoke as well as S&P Capital IQ company negative revisions continue to outnumber positive, I still think q2 '12 earnings will not only be ok, but will demonstrate that the bearish sentiment is out-of-whack with bottoms-up company fundamentals, within the S&P 500. But, today, I'll take this conviction of a corporate law breaker. Truthfully, I have pay and benefits. More than a year ago, as I wrote, the Justice Department was investigating "whether the nation's largest credit ratings agency, Standard & Poor's, improperly rated dozens of mortgage securities". Credit ratings published by Moody's, Standard and Poor's and Fitch are meant to capture and categorize credit risk. "The change to a stable outlook on SLF is driven primarily by the improvement in Sun Life's after-tax net operating income to $1.679 billion in 2012," said Standard & Poor's credit analyst Robert Hafner. This may be a sign of overbought technical conditions, but the fundamentals remain too strong to buck the trend or try to predict a top.