As I See It: NB Provincial Debt – Why Trust Standard & Poor’s
New Brunswick has a challenge with its debt and deficit. Has anyone ever looked at the bond rating agencies themselves?
Links to news stories:
U.S. government slams S&P with $5 billion fraud lawsuit – https://www.reuters.com/article/us-mcgrawhill-sandp-civilcharges/u-s-government-slams-sp-with-5-billion-fraud-lawsuit-idUSBRE9130U120130206
Two years later this happens – S&P reaches $1.5 billion deal with U.S., states over crisis-era ratings – https://www.reuters.com/article/us-s-p-settlement/sp-reaches-1-5-billion-deal-with-u-s-states-over-crisis-era-ratings-idUSKBN0L71C120150203
Excellent description on Bank of New Brunswick: https://www.youtube.com/watch?v=DifjFFO5EPk&t=433s