rating

Credit rating agencies give high marks to bonds that finance defaulted properties

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Lending institutions have misrated more than $100 billion of commercial real estate debt in an increasingly popular segment of the market, mortgage veterans say, including at least a dozen deals that maintain the highest investment grade rating even though the borrowers are in default. The questionable ratings emerge in a part of the mortgage bond … Read more

A downgrade to the French credit rating will hurt the Macron government

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Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. France has been downgraded by S&P Global, a blow to Emmanuel Macron’s credibility as steward of the economy, once the bright spot of his presidency. The rating agency changed the rating of French long-term issuers … Read more