credit rating

123 days ago

Fitch reconfirms credit rating of Victoria, a laughable statement shows the credit rating agency is a joke

After the GFC folks said that credit rating agencies were a joke. Companies would pay them to provide a report saying how solid their finances were and then they went bust. Reform! Reform! Went up the cry. And then nothing happened. Today Fitch has opined on carpets roll-up and the owner of a possible money launderer, Victoria (VCP).

2007 days ago

Victoria plc – “outrageous untruths… damaged the value of the shares”?, what about the margin warning & bond issue shambles?

Late last month, Steve noted on Victoria plc (VCP) warns on margins, Lucian’s ‘roll up unravel’ underway?. Since then there’s been “Credit Rating and Response to Speculation”, “Credit Rating” and now “Update on Bond” announcements…