Summary: Investors see big banks as riskier than before the first flames of the financial crisis flared five years ago and probably always will, according to a new report from Moody's Analytics, a sister company of the bond-rating agency
I thought Family Restaurants had enough on its plate turning around its own restaurants,'' said Mike Rowan, a senior analyst at Moody's, a New York bond-rating agency
In June, Orange County also filed five suits against various former advisers as well as Standard & Poor's bond-rating agency
and the Student Loan Marketing Association (Sallie Mae).
Neil Baron and James Nadler, who oversaw the development of Fitch Investor's Service into a major bond-rating agency
, founded the firm in November 2002.
The cases are a $2 billion suit against Merrill Lynch, which sold the county treasury most of the risky securities that contributed to its downfall; a $3 billion action against KPMG Peat Marwick, the county's outside auditor; and $500 million suits against the Standard & Poor's bond-rating agency
, Student Loan Marketing Association, and broker Rauscher Pierce Refsnes Inc.
The firm was founded in November 2002 by Neil Baron and James Nadler, who oversaw the development of Fitch Investor's Service into a major bond-rating agency
Fitch, an international bond-rating agency
, earlier this month assigned ratings of AA-/F1+ to the new bond series.