Phoenix Investment Group is a new capital predator in recent years, which has attracted much media attention, especially after it was reported that Standard & Poor's gave it an astonishing credit rating.

At the beginning of the press conference, Horst made a clear statement.

In this regard, the reporters are not surprised, Phoenix Investment Group is the top five companies on Wall Street last year, but it was rated as a "junk" credit company by S&P. As the president of Phoenix Investment Group, it would be strange if S&P did not respond to the rating.

"Mr. Horst, could it be that S&P will really give your company a CCC credit rating this time?" A reporter asked in surprise.

"It doesn't matter if it's true or not, the point is that we at Phoenix Investment Group are a profitable investment company. We haven't asked any rating agencies to rate the company, why? Isn't an investment company very eager to get a better credit rating as soon as possible, expand financing channels and reduce financing costs? However, we have sufficient funds and are not in a hurry to raise funds. Horst replied with a smile.

Outcry.

Many reporters exclaimed.

Many of the reporters who have written about the Phoenix Investment Group have studied the company, and according to statistics, they have learned that the value of the Phoenix Investment Group's investment has exceeded $3 billion, and even if it is a stock market crash, it will cost nearly $2 billion. Horst actually solemnly announced at this time that Phoenix Investment Group is not short of money, how much money did they make in the stock market crash? So why did they issue the Phoenix Pioneer Fund?

That's right.

If you are not short of money, why are you raising funds?

This is a question on the minds of many, but many more journalists doubt the veracity of Horst's remarks.

The biggest aspect of a company's credit rating on a company is financing, and companies with good credit ratings will be trusted by investors, whether it is issuing bonds, initiating funds or conducting IPOs themselves, they will be enthusiastically sought after by countless investors. Investors are also skeptical of companies with poor credit ratings, which are not only expensive to finance, but may also face the dilemma of not being able to raise funds.

So.

If Phoenix Investment Group is not short of money, then whether the credit rating given by S&P is good or bad, the lethality to it will be greatly reduced.

But.

The shrewd reporters obviously wouldn't just let Horst go, and they asked in hot pursuit: "What is the purpose of your company to raise the Phoenix Pioneer Fund?" Isn't it fundraising? And what are your thoughts on the remarks made by S&P Senior Analyst Mr. Zars at this critical time? ”

Avoidance is not the way to go.

Horst smiled lightly: "Phoenix Vanguard Fund is affiliated to the Asset Management Department of Phoenix Investment Group, which is the capital of external investors. Therefore, the launch of the Phoenix Pioneer Fund is just a normal expansion of our company's business and helps investors who trust us to make money. ”

Referring to another question, Horst's smile gradually disappeared, and his face was slightly cold: "Everyone understands how important the credit rating of a newly launched fund is, and S&P's behavior is tantamount to a murder, and they want to mess up the issue of the Phoenix Pioneer Fund." However, there are always the majority of investors who trust us, and even if there is a small turmoil, the Phoenix Pioneer Fund will raise funds as usual. Because Phoenix Investment Group is one of the most profitable companies on Wall Street, this is an undeniable fact. As for the S&P credit rating, I don't know what they based their credit rating report on, they don't have our investment data. Not to mention the analysis of the ...... based on facts"

"Also, Phoenix Investment Group will not pay S&P, it will never ......"

Wow.

Hearing Horst's fiery declaration, the reporters immediately became surprised and excited, and there was no big news again.

As we all know, the rated object pays for the rating, which is the main income of the rating company. On more than one occasion before, it has been rumored that in order to make the "customer" take the initiative to come to the door, the rating agency does not hesitate to give the target company a very bad credit rating first, and then wait for the other party to come to the door impatiently, pay the money, and the credit rating will be improved.

And Horst ......

The shrewd reporters are already bright-eyed, and the pens in their hands are recording with their hands. Some reporters are even thinking about the headline of tomorrow's newspaper headline - the way S&P does business!

……

Looking at the reporters below excitedly writing books, Horst smiled slightly.

His answer this time can be regarded as closely linked, first indicating that Phoenix Investment Group is not short of money, then claiming that Phoenix Vanguard Fund is to help investors who trust them make money, and finally, it is almost equivalent to "explicitly" S&P's purpose.

After the press conference.

Tang Bao walked out from the side and said with appreciation: "Horst, your smoke screen is really good!" ”

Horst's suggestion at a press conference that S&P deliberately undergraded Phoenix's credit rating in order to force business was certainly big news. It's not true, but the reporters don't know it, they just know that S&P has given a junk credit rating to a profitable company.

Journalists also need this kind of hot news topic......

This dirty water is well splashed!

"But, boss, I really offended them by firing at the S&P so directly." Horst said with a slight concern.

"Hmph, what about offending them? I don't care, and I don't care, what the S&P used to be. But if he wants to bully me, he can't agree. Tang Bao sneered, as one of the three major international rating agencies, S&P is indeed very scary, and even sovereign countries are affected, but he can't be timid because the other party is too terrible, and let the other party ride on the head and.

“……”

Horst smiled bitterly, looking at Tang Bao's posture, he had the intention of going to war with the S&P. "Boss, S&P has an inextricable relationship with many Wall Street investment banks, and it is understandable for us to find a little trouble for him as a counterattack, but if we really compete with S&P, there is no need."

Rivalry?

Tang Bao really hadn't thought about it before.

However, after S&P jumped out, it caused him a big trouble, and he had a new idea, that is, to control a rating company of his own. Standard & Poor's, Moody's and Fitch, the three major international rating agencies, don't think about it, Tang Bao understands that the water is too deep, even if he has money, it is not something he can meddle in at all.

Tang Bao was thinking carefully about this question......

"Boss?"

Horst looked at Tang Bao who was distracted strangely, and secretly sighed that no matter how accurate the boss's vision was in the investment field, he was still a young man, and he was still talking about business, and he could be out of the way.

"Huh?"

Tang Bao also came back to his senses.

"Boss, I've made an appointment with Moody's and Fitch to have a meeting, do you want to show up in person?" Horst asked.

Offended Standard & Poor's, the other two rating agencies Fitch and Moody's, don't mess with it.

"You are the president of Phoenix Investment Group, just come forward, what am I going to do." Tang Bao smiled lightly and said that he had no intention of participating.

Next.

As Tang Bao expected, the incident of Horst firing at the Standard & Poor's was frantically hyped by many news media, and the S&P company was on the cusp in an instant.

According to reliable sources, Standard & Poor's deliberately underpressed the credit rating of Phoenix Investment Group, which has excellent profitability, in order to force them to pay for their ratings. Although S&P's rating report on Phoenix Investment Group has not been officially released, S&P's senior analyst Zars has already warmed up, and seems to be deliberately warning Phoenix Investment Group to pay them money quickly, otherwise your company's credit rating will be junk credit. -- New York Daily News.

"Horst, president of Phoenix Investment Group, criticized the unfair rating of S&P, implying that S&P has ulterior motives to take the initiative to credit rating Phoenix Investment Group on the basis of a lack of effective information." -- USA Today.

In the face of S&P's unexpected credit rating, Wall Street rookie Phoenix Investment Group firmly said no, threatening that the company was not bad for money and would not be affected by the rating. It is said that the Phoenix Pioneer Fund, which was most affected by the rating event, its fund manager Li Xiaofeng has had an in-depth meeting with investors, and the results of the negotiations are not known to the outside world about how big the impact will be on the Phoenix Pioneer Fund, but Li Xiaofeng has firmly announced that the fundraising period of the Phoenix Pioneer Fund will not be extended and will be closed on time on the 15th of this month. —The Wall Street Journal.

"Phoenix Investment Group President Horst shouted to S&P that the company is not short of money, but it will not pay for S&P's rating report, and never will!" -- The Times.

……

"Damn."

The overwhelming news is all about reporting the S&P rating incident, but the public opinion is very unfavorable to S&P, and S&P didn't even expect Phoenix Investment Group to fight back so cleanly.

Rating threats, forcing customers, S&P has done it, not only them, but the other two Moody's and Fitch have also done it. But they are all things that can't be put on the table, and once they are fried in the newspaper, they are like ants on a hot pot, restless.

But.

Who is S&P, and how can it be affected by this "small incident".

That day.

Standard & Poor's came forward to clarify, insisting that its credit rating on Phoenix Investment Group was fair and justified, and that it was inconsistent with Horst's groundless speculation.

"Understand that the boss of Phoenix Investment Group is a Chinese, and the investor does not know whether it is safe to put the money there, and if the Chinese boss flees back to China with the money, the investor will lose all his money." S&P's mission is to provide investors with a wide range of investment information and risk assessments. The other party is a Chinese and obviously will not pay us for a rating, but we would like to warn investors of the potential crisis of Phoenix Investment Group......"