Just a week before futures brokerage MF Global filed for bankruptcy, the firm’s chief financial officer told analysts at Standard & Poor’s that its capital position had “never been stronger,” according to the ratings agency. The behind-the-scenes details about MF Global’s dealings with McGraw Hill’s Standard & Poor’s came in a Jan. 17 letter from the rating agency’s managing director Craig Parmelee to lawmakers investigating the role that ratings agencies and risk officers played in the collapse of MF Global. More on Reuters here.
