After S&P (MHP -0.6%) held up a $1.5B deal by Goldman Sachs and Citigroup last year, those...

|By:, SA News Editor

After S&P (MHP -0.6%) held up a $1.5B deal by Goldman Sachs and Citigroup last year, those banks and the other big players have been turning to rival credit rating firms to rate commercial mortgage bonds, Bloomberg reports. S&P has "suffered an extraordinary loss of credibility... that will take time and some restructuring to repair.”