Rating – Page 2 – [BonkNote]

Moody’s AIG – Moody’s 2021 0709 – Moody’s – US municipal bond defaults and recoveries, 1970-2020 – 113p Also, you had a lot of different interests in Executive Life. You had joint service and Goldman Sachs had bought a lot of the muni-GICs at 10¢ on a dollar. It was looking for the big pop. Whether…

Credit Ratings External credit enhancement is very popular and very easy to understand. It’s very easy for the investors to analyze. If one of these firms is insuring the bonds, the rating agency doesn’t even look at the transaction. It looks at financial statements of the entity insuring the bonds. It’s a very simple analysis.…

Rating Agencies AM Best Best’s Review “Insolvency Studies” Best’s Insolvency Study Duff & Phelps Fitch Moody’s Standard and Poors (S&P) Weiss Research 1990 1215 – NYT – Moody’s Cuts Debt Ratings of Five Leading Insurers, By Richard D. Hylton – [link] The five are Mutual Life Insurance of New York, Mutual Benefit Life Insurance, Home…