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Banks Find S.&P. More Favorable In Bond Ratings

Thursday, August 1, 2013 - 5:42 PM
The Wall Street ratings game is back.

Five years after inflated credit ratings helped touch off the financial crisis, the nation's largest ratings agency, Standard & Poor's, is winning business again by offering more favorable ratings.

S.& P. has been giving higher grades than its big rivals to certain mortgage-backed securities just as Wall Street is eagerly trying to revive the market for these investments, according to an analysis conducted for The New York Times by Commercial Mortgage Alert, which collects data on the industry. S.& P.'s chase for business is notable because it is fighting a government lawsuit accusing it of similar action before the financial crisis.

Banks Find S.&P. More Favorable in Bond Ratings
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