No strings attached
It’s déjà-vu all over again
Back in one of the earliest editions of this column, we roundly criticized S&P for roiling the debt markets by timing their October 21 negative watch listing of Ford just 30 days after they rated a $3 billion bond deal. The column drew an irate response from the agency, which stoutly defended its decision and hinted at our general lack of understanding of the all-important factors that go into the timing of such an action.
On the latter point they could be right, because once again we are left
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