Ratings Roundup: Nomura/Lehman Brothers, WaMu
Recent actions by ratings agencies on financial companies in the news:
Nomura (NYSE: NMR)/Lehman Brothers
S&P: Why Was Lehman Brothers Rated ‘A’? (Sep 24)
In conclusion, we believe the downfall of Lehman reflected escalating fears that led to a loss of confidence-–ultimately becoming a real threat to Lehman’s viability in a way that fundamental credit analysis could not have anticipated.
Fitch: No Rating Change for Selected Euro RMBS with Lehman Interest Rate Caps (Sep 24)
S&P: Ratings On Nomura Group Companies Unaffected By Planned Lehman Brothers Acquisition (Sep 24)
S&P: Lehman Bros. Inc. Ratings To ‘D’; Liquidation Proceeding Against Lehman Bros. Holdings Begins (Sep 24)
Fitch Recovery Analysis: Lehman Brothers Holdings Inc. (Sep 23)
Washington Mutual (NYSE: WM)
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