New S&P Slogan Contest

Posted by Diana Golobay on 11/11/09 at 4:32pm

Standard & Poor's Ratings Services slashed some 26,300+ mortgage-related securities bonds in Q309. Bloomberg has the scoop on the downgrades in a posting today.

It marks a record quarter of mortgage bond downgrades for the credit-rating agency -- an achievement not lost on industry players, one of whom thinks that a contest for a slogan for S&P is now in order. The ratings agency does not widely use a slogan currently.

After all, it's not every quarter a credit rating agency takes so many ratings actions. Or at least, let's hope not.

This particular source figured S&P's new slogan should reflect that achievement.

These are a few suggestions from source on a trading desk somewhere in the vicinity of Manhattan:

Downgrading America, one loan at a time.

Give us 15 minutes, and we'll downgrade your loan.

When in doubt, downgrade it out.

S&P, that's the name, and away goes your rating down the drain.

Good to the last downgrade.

Got ratings?

I can't believe I downgraded the whole thing.

Don't downgrade a home with out it.

Celebrate the downgrades of your life.

I am stuck on downgrades, cause downgrades stuck on me.