Three Down, More To Go?
In our last weekly analysis, we highlighted the issues raised by the settlement with Citigroup (see Client Report CORPGOV31) and USAA as harbingers of things to come. Thursday’s record-breaking actions against Goldman Sachs were different in focus but bore out several of the forecasts we provided based on what the agencies did just the week before. First, our forecast for more actions with far longer teeth has been reinforced.