The cost of commentary at S&P

May 30, 2008

I wrote to S&P to get a hold of a 2 page 2002 commentary titled “Proprietary Scoring: A Revolution in Modeling Residential-Mortgage Risk”.  Here’s an excerpt of the price list they sent me:

Press Releases address the facts about announcements or rating changes and are usually no more than a page. Cost: $100 USD

Summary Analyses/Research Updates list the current rating and provides a brief synopsis of the rationalebehind the rating. This is usually about a page. Cost: $175 USD

Recovery Reports provide information on what the recovery analysis would be in a simulated default scenarioand provide a transaction summary. Cost: $175 USD

Full Analyses are more in-depth, addressing the reasoning for the rating as well as providing more information about the issuer itself. Cost: $400 USD

Commentaries usually address general topics within a given industry or region. Cost $500 USD

Information wants to be free. If S&P has anything to say about it, it also wants to be prohibitively expensive! 

4 Responses to “The cost of commentary at S&P”

  1. yuvalmillo Says:

    No special prices for the not-for-profit sector?

  2. marthapoon Says:

    Good thinking Yuval! This is the reply I got from them:

    (Student cost): $125.00 Proprietary Scoring: A Revolution in Modeling Residential-Mortgage Risk 19-Sept-2002 (2Pages)

    Still prohibitively expensive I’m afraid.

  3. danielbeunza Says:

    Here’s a fantastic resource for current economics literature on the housing bubble:

    http://www.newyorkfed.org/research/most_downloaded/index.html

    all of it, freely downloadable. Kudos to the Federal Reserve for making these available, along with the number of downloads.

  4. yuvalmillo Says:

    Well, Martha, the next step may be to offer them some consultancy work in return for access😉
    I’m only half-joking: they actually may be interested in your findings.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: