From time-to-time we will post comments and rating actions on this page depending on the relevance of the action in question.

We are intimately familiar will all facets of the rating process by both Moody's, Standard & Poor's (S&P) and Fitch Rating Services. Based on years of our involvement with the rating services, we are able to offer Issuers and Investors insight on how, when and why rating are changed at a given point. In general, the best advice we can offer is to focus less on the letter rating and outlook, rather, the "tone" of rating opinions are far the most telling (..."read between the commas"). Pay careful attention to events the agencies cite as critical to the existing rating and/or outlook. For example, if a comments list a series of events or event it is basing the current rating on, these are harbingers of thing to come. A comment noting that next quarter results will be important to maintenance of the rating is a bearish indicator. Conversely, comments such that a company has been reducing it debt leverage and continuation of this trend would be viewed favorable, can be interpreted that an upgrade or change in outlook may be on the horizon. The rating agencies are often clear on the factors determining an impending upgrade or downgrade. If the write-up has a negative tone, notwithstanding the letter rating and/or or Outlook, a downgrade may be in the offing. The opposite holds if the commentary carries is positive in quality.

We have been limited in the number of opinions we can offer investors since many of our assignments entail assisting corporations in maintaining or bettering their credit rating.

Based on the proprietary nature of our research opinions and portfolio strategies, specific reports dealing with micro and macro economic and corporate developments are not available to the general public.

For Additional Information or Questions Please Contact Us.