Rating service provided by S&P that indicates the amount of risk involved with different securities.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A credit rating by Standard & Poor. As with other credit ratings, an S&P rating measures the level of risk associated with a particular issuer of debt securities. S&P is one of only 10 firms the SEC recognizes as a credit rating agency, and, along with Fitch and Moody's, it is one of the three most prominent. However, the methods of S&P ratings have been subject to criticism. For example, it gave the nation of Iceland a top rating until its bankruptcy in 2008.
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