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Scott
Bugie, Managing Director – Financial Institutions
Over 140 years of independent insight for the
global financial community.
Who we are: A merger in 1941 of Standard Statistics
and Poor's Publishing Company traces its roots to 1860 when Henry
Varnum Poor published his History of Railroads and Canals of the
United States. Mr. Poor was a leader in establishing the financial
information industry on the principle of “the investor's right
to know.” Today, more than 140 years later, Standard &
Poor's is the pre-eminent global provider of independent highly
valued investment data, valuation, analysis and opinions and is
still delivering on that original mission.
What we bring to the marketplace: As the financial
markets have grown more complex over the last century, the financial
community has increasingly sought out Standard & Poor's rigorous,
independent analysis, and information on stocks, bonds, mutual funds
and many other complex investment vehicles. The critical thinking,
opinions, news and data offered by Standard & Poor's have become
an integral part of the global financial infrastructure.
Our unique power: creating independent benchmarks
- $1.5 trillion in investors' assets indexed
to Standard & Poor's indices, including the premier U.S. portfolio
index, the S&P 500;
- One of the world's top providers of stock
quotes and related financial content to Internet sites globally;
- A global leader in providing objective information,
insight and analysis to customers in the equities, fixed income,
foreign exchange and mutual funds markets;
- Investors globally look to Standard & Poor's
credit ratings for objective, insightful analysis on the ability
and willingness of governments, corporations and others to repay
their debts on time and in full with trillions of debt rated globally;
- The world's leading credit rating service,
operating through a global network of 18 offices and seven affiliates.
The heart of Standard & Poor's investment
skill is its analysts, over 1,250
- They include some of the world's foremost economists;
- Experienced analytical teams thoughtfully set
criteria, and ensure consistent, predictable methodology for all
commentary and analysis.
Our history: creating standards, carving out firsts
Standard & Poor's plays a truly unique role in the capital markets.
It has been aiding the creation of market transparency since its
inception in 1860, when Henry Varnum Poor began supplying financial
information at a time when Europe sought to know more about its
holdings in the newly developing infrastructure in America. The
cardinal tenet of Poor's investment reference publications was “the
investor's right to know.”
- In 1906, the Standard Statistics Bureau was
formed to provide previously unavailable financial information
on U.S. companies;
- In 1916, Standard Statistics began to assign
debt ratings to corporate bonds, with sovereign debt ratings following
shortly thereafter;
- In 1940, municipal bond ratings were introduced;
- In 1941, Poor's Publishing and Standard Statistics
merged to form the Standard & Poor's Corporation;
- In 1966, The McGraw-Hill Companies, Inc. acquired
Standard & Poor's.
Standard & Poor's has a long history of creating
standards for the financial industry. For example, we were the first
to rate:
- Securitized financings;
- Bond insured transactions;
- Letters of credit;
- The financial strength of non-U.S. insurance
companies;
- Bank holding companies
- Financial guaranty companies
On the equity side, we led the way with:
- Index tracking systems;
- Exchange Traded Funds;
- A database standardizing information on publicly-traded
companies, enabling financial professionals to readily make comparisons
across categories;
- A series of web-based services that support
analytical, planning, and investment professionals globally.
Today, Standard & Poor's employs more than
5,000 people working in 18 countries.
As always, a beacon for the financial community
Standard & Poor’s, a division of The McGraw-Hill Companies
(NYSE:MHP), provides independent financial information, analytical
services, and credit ratings to the world’s financial markets.
With 5,000 employees located in 19 countries, Standard & Poor’s
is an integral part of the global financial infrastructure. For
more information, visit www.standardandpoors.com.
Founded in 1888, The McGraw-Hill Companies is
a global information services provider meeting worldwide needs in
the financial services, education and business information markets
through leading brands such as Standard & Poor's, Business Week
and McGraw-Hill Education. The corporation has more than 300 offices
in 33 countries. Sales in 2001 were $4.6 billion. Additional information
is available at www.mcgraw-hill.com
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