Entries tagged "Diane Vazza"
At The Deal's Fifth Annual Private Capital Symposium, Diane Vazza, a managing director and head of global fixed-income research at Standard & Poor's, spoke about what her firm is doing to restore ratings credibility. S&P itself has instituted 27 voluntary actions to raise credibility of the ratings for distressed investors, Vazza said. "These are not mandated by any regulatory authority, but the voluntary actions are items that managers at S&P served up based on concerns in the market that would help bring more transparency to the ratings and restore credibility to the ratings."...
At The Deal's Fifth Annual Private Capital Symposium, Diane Vazza, a managing director and head of global fixed-income research at Standard & Poor's, spoke about distressed investments and default rates. Vazza said that there are about 236 distressed companies in the US and defaults are increasing. Vazza outlines both the best case and worst case default scenarios. "The best case would be a default rate in the next 12 months of 3.7%, which means that 59 companies would default. In order to get to our worst case which is 8.5%, 136 companies would have to default in the next 12...
