Ex-Times spokeswoman Catherine Mathis does love writing those letters to the editor.
Today, writing on behalf of Standard & Poor’s, where she is now a communications official, Ms. Mathis has a response to a Times editorial by David Einhorn. Last week, he wrote a piece that said it’s time to “get rid of” credit agencies like Standard & Poor’s. Ms. Mathis does not like the idea of this!
From our standpoint, credit ratings are a starting point — not the ending point — of sound investment research. The market benefits from competing views on credit risk, whether from ratings firms or others.