Letter to the editor

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Dear Sir,

As a voice of unbiased opinions on the credit markets, we at Standard & Poor’s know from long experience that criticism comes with the territory, and taking tough calls every day, as we did with Ford, will inevitably leave someone unhappy. But Louise Purtle’s No Strings Attached column in the November 2003 issue is so wide of the mark that I’d like to set the record straight with respect to the false statements made in her piece.

Purtle’s allegation that there was no

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