News for 'SFI' - (*DJ S&P Puts iStar Fincl BB Sr Unsecured Rtg On Watch Neg >SFI)
It's difficult not to be reminded of the rating agencies' role in the whole collapse of credit. For the most part they seem to have escaped reaponsibility in allowing the creation of all kinds of AAA credit instruments that never should have been... So, you have to wonder what their corporate mindsets might be now... Over reaction on the downside so they'll not be criticized again for being asleep at the switch? Would it not be easier for them to explain a future upgrade because they over-reacted on the down? The most likely corporate mandate today woud be to be overly conservative instead of risking additional exposure to criticism for inflated ratings.