Topic: S&P’s Ratings Services
Royal Park sues S&P for US$5.1 billion over ‘flawed’ CDO ratings
Royal Park Investments is suing Standard & Poor’s in the Cayman Islands for US$5.14 billion in losses allegedly caused by the credit rating agency’s “flawed” ratings of eight collateralised debt obligations (CDOs).
EDITORIAL – What you don’t know can hurt your pocketbook
Around the globe, an astonishing number of people lack basic understanding about savings and investments. This collective ignorance is not without consequence.
