Par La Nouvelle Tribune
Credit-grading firms are giving out increasingly optimistic appraisals as they fight for market share in booming debt-securities markets
Cezary Podkul and Gunjan Banerji
Times are tough for the Mall at Stonecrest in suburban Atlanta. The Kohl’s closed in 2016. The Sears shut in 2018, and the Payless ShoeSource finished its going-out-of-business sale in May. When a $90.5 million mortgage came due last summer, the mall’s owners defaulted.
Through it all, S&P GlobalInc.SPGI 1.29% has said a securit...
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