Standard & Poor's is the world's top provider of financial market information and a benchmark in the financial investment community. This time, Standard & Poor's suddenly attacked Phoenix Investment Group, and Tang Bao had to pay attention to it!

Well.

Maybe Horst was already jumping to his feet and scolding in the company.

Tang Bao put on his coat and walked outside.

"Boss."

As soon as he left the door of the dormitory, Tang Bao's personal assistant Nick appeared out of nowhere. "Boss, do you need to prepare a car?"

A Mercedes sedan was parked not far away.

"Go to the company!"

Tang Bao said lightly, it is less than half an hour's walk from the company, and he usually walks over, but with a car, he will naturally waste his physical strength, and today things are a little urgent, he must go to the company to stabilize people's hearts.

A little later, Tang Bao and Nick arrived at the company.

happened to bump into Horst who walked out in a hurry, and when he saw Tang Bao, Horst's face was happy, and he hurriedly said, "Boss, something is wrong." ”

"Go in and say."

Tang Bao waved his hand and walked directly to the conference room. "It's a matter of Standard & Poor's ratings, and I see that although the impact is bad, it is the Phoenix Vanguard Fund that will really make the impact. Is there anything wrong with Li Xiaofeng? ”

Horst smiled wryly.

Not only is there a situation, it is simply exploding.

"Boss, the impact of Standard & Poor's ratings on investors is deep-rooted, even if there are many irrational ...... Since there was news in the market today that S&P may give Phoenix Investment Group a CCC-rated evaluation, there have been investors on Manager Li's side who have called to inquire, and some even said that they would withdraw their investments. Horst said helplessly.

Sure enough, something went wrong.

There was an accident at the Phoenix Pioneer Foundation, and Tang Bao was not surprised.

Divestment?

Tang Bao was really not afraid of this threat.

However, if the issuance of the Phoenix Pioneer Fund is frustrated, it will hit the development momentum of the entire Phoenix Investment Group, including Horst and other high-level executives may also suffer heavy blows and unimaginable consequences. As a last resort, Tang Bao really didn't want to have a one-shot ending.

From this point of view, the Phoenix Pioneer Fund cannot fail!

Inside the conference room.

Li Xiaofeng, who is in charge of the Phoenix Pioneer Fund, and the main members of his team were all there, discussing various response plans fiercely, and were obviously caught off guard by the S&P Ratings incident, and a little panicked. The arrival of Tang Bao and Horst made the noisy conference room suddenly quiet, and everyone got up one after another.

"Sit down."

Tang Bao motioned to everyone.

"To be honest, I was very surprised by the rating that Standard & Poor's gave us, but I was even more angry about their ratings. They are talking nonsense, this is the murder of Phoenix Investment Group...... They must be prosecuted for such irresponsible words and deeds. ”

"Of course it happened, and we have to get rid of it as soon as possible. In particular, the Phoenix Pioneer Fund must be stabilized. To be precise, the Phoenix Pioneer Fund, which Manager Li is in charge of this time, is the only department that has been seriously affected by the rating incident, so you have to hold your breath. ”

Everyone sitting here couldn't help nodding, at present, Phoenix Investment Group has abundant funds and does not need to raise funds, although it is affected by the rating, it will not be fatal.

The only lifeline is the Phoenix Pioneer Fund!

"I understand, boss. At present, I have sent a special person to be responsible for communicating with the investors, and after the meeting, I will also meet with the investors in person to explain the whole incident...... Before I do that, I want to understand the purpose of S&P's rating for Phoenix Investment Group. Li Xiaofeng was caught off guard, but he was still very calm and did not mess with himself.

Oh, yes.

They did not invite Standard & Poor's to rate Phoenix Investment Group......

"Of course, I need to figure out what S&P is for. Hmph, what a fair and just, high-sounding words, but they rated a company with an annual profit of more than billions of dollars to a CCC credit rating, really think everyone else is stupid? Do you think that Phoenix Investment Group is a soft persimmon, and you can pinch it as much as you want? "In any case, the S&P rating is extremely hostile, and even if they say it is fanciful, it is difficult to convince Phoenix Investment Group.

On the way to the company, Tang Bao was also thinking about whether he had a dislike with S&P, but he didn't think about the connection between Phoenix Investment Group and S&P.

He couldn't figure out why Standard & Poor's had made a move on Phoenix Investment Group.

"Boss, we have no business contact with the three major rating companies, and we have never been in contact." Horst also couldn't figure out where to offend S&P.

……

Suddenly.

The door to the conference room rang.

Tang Bao couldn't help frowning slightly, they were in a meeting to discuss important matters, who was so blind, but at this time they came to make trouble. Glancing at the figure at the door, it was a little familiar.

"Sorry, boss. I know I shouldn't bother you at this time, but Deloitte's President Bruce came and he said there was something urgent, about S&P's rating of our company. Kate stood at the door and said apologetically, staring at so many pairs of eyes in the conference room, she was also slightly nervous.

"Mr. Tang, I'm sorry." Bruce stepped up from behind Kate at the right time.

Please.

Tang Bao hurriedly invited Bruce in, he was confused by S&P, since Bruce knew the reason, he naturally wanted to humbly ask for advice.

After all, Deloitte has a strong background and is well-informed, which Tang Bao cannot match.

"President Bruce, do you know what S&P intended? What do they want to do? Tang Bao asked.

"This may have something to do with Tang Bao's refusal to work with Arthur Andersen, which, as far as I know, has an extremely close relationship with S&P's chief analysts, and has used that relationship on more than one occasion to achieve better credit ratings for Arthur Andersen's client companies. Downgrading the ratings of companies that are unfriendly to it. It just so happened that during this time, Wadia invited his S&P analyst friend ......"

Tang Bao was still unsure whether Bruce's words were true or false.

But in his heart, he already thought that it was Wadia who did it, and Wadia did mention "helping Phoenix Investment Group achieve a better credit rating" in exchange for Arthur Andersen's victory.

Tang Bao refused without hesitation.

He believes that with the operation of Phoenix Investment Group, even if it does not get an AAA credit rating, it will not be too bad if it does not go through the back door.

I didn't expect to be slapped in the face so soon.

Crackling......

"Aren't they afraid of lawsuits if they blatantly slander a company that doesn't have any credit stain?" Tang Bao was angered by S&P's approach.

"It's useless, credit rating agencies are based on the freedom of speech and press enshrined in the U.S. Constitution, and it's hard to regulate. As long as their rating procedures meet the requirements of the relevant professional standards, they are not legally liable even if the rating results do not match the actual situation. And those 'professional standards' are set by themselves, and they have enough interpretation rights...... Even if they were to be prosecuted, there would be no hope. Bruce patiently explained the trickiness to Tang Bao.

Grass.

Tang Bao is going to scold his mother.

In this kind of relaxed rating environment, S&P basically does whatever it wants, and has no worries at all.

"Mr. Tang, our clients have encountered similar situations, and there is no chance of winning the lawsuit." Bruce kindly reminded.

With all that to say, Bruce understood that it was not appropriate for him to stay any longer, so he took his own initiative to leave.

"Boss, I think we should get in touch with the two rating agencies Moody's and Fitch as soon as possible, the three major rating agencies are competing with each other, and we have obtained higher credit ratings from Moody's and Fitch to offset the impact of S&P's ratings." Horst also made his own proposal.

"Well, you can do it."

After the adjournment of the meeting.

While Horst was in a hurry to send people to contact Moody's and Fitch Ratings, he did not forget to hold a press conference to severely condemn S&P's ratings without any basis and would not accept S&P's ratings.