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Washington, D.C. -- Saturday, May 9, 2020

Andrew Park poses for a portrait near the Capitol in Washington, D.C. on Saturday, May 9, 2020.

From the assignment:
Andrew Park, an analyst at an S&P publication, discussed ratings shopping with Senate staffers earlier this year, showing how the credit-rating industry is beholden to the borrowers that pay its fees. At the same time, S&P was loosening ratings on CLOs, which led to a big jump in market share. When S&P heard about Park's meeting, it fired him.

CREDIT: Alyssa Schukar for The Wall Street Journal
Slug: “PARK”
56841

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Alyssa Schukar
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Washington, D.C. -- Saturday, May 9, 2020<br /> <br /> Andrew Park poses for a portrait near the Capitol in Washington, D.C. on Saturday, May 9, 2020.<br /> <br /> From the assignment:<br /> Andrew Park, an analyst at an S&P publication, discussed ratings shopping with Senate staffers earlier this year, showing how the credit-rating industry is beholden to the borrowers that pay its fees. At the same time, S&P was loosening ratings on CLOs, which led to a big jump in market share. When S&P heard about Park's meeting, it fired him.<br /> <br /> CREDIT: Alyssa Schukar for The Wall Street Journal<br /> Slug: “PARK”<br /> 56841
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