Editor's note: Is ratings shopping rearing its head again?
Once a rife practice pre-credit crisis, anecdotal evidence of bond ratings shopping is surfacing as the debt markets become buoyant again. Treasurers and investors beware.
It was just an aside, but while chatting away with a treasurer at a large Asian multinational company at EuroFinance conference in Singapore last week, he remarked that a senior banker, whom he declined to name or identify his bank, was suggesting ways to ensure his company could obtain higher credit ratings for its bonds issuance than what it deserves on paper.
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