About Egan-Jones

Founded in 1995, Egan-Jones Ratings Company, also known as EJR, was granted nationally recognized statistical rating organization (NRSRO) status on December 21, 2007 by the SEC. The firm actively rates the credit worthiness and credit trends of approximately 2000+ high yield and high grade U.S. corporate debt issuers. Egan-Jones positions itself as unique among NRSROs for being wholly investor-supported, a structure designed to minimize the potential for conflicts of interest in assessing credit quality.

Egan-Jones Ratings Company was organized for the purpose of providing timely accurate credit ratings directly to institutional customers. Thanks to its independent rating position and impartial rating methodology, Egan-Jones accurately provided early warning on AIG, Ambac, CitiGroup, Countrywide, Enron, Ford, GM, Global Crossing, Greece, Italy, Lehman Brothers, MBIA, New Century, Spain, WaMu, WorldCom and many other credit problems well in advance of other market participants. Egan-Jones on July 16, 2011, became the first NRSRO to cut its rating on the United States from AAA to AA+. On April 5 2012, Egan-Jones downgraded the credit rating of the United States for the second time (and within one year) from AA+ (Excellent) to AA (Very Good) assuming that the debt will reach $16.7 trillion dollars by the end of 2012 while the GDP will not grow further $15.7 trillion dollar limit and the debt to the GDP ratio will reach 112% of the national GDP which is the highest level since the WW II. On September 14, 2012, Egan-Jones downgraded the credit rating of the United States for the third time from AA to AA-, the lowest of what is considered "high grade", as a reaction to QE3. Egan-Jones has been deemed the most accurate credit rating agency in the United States in several academic studies.

The firm's founder, Mr. Sean Egan was identified in 2008 by Fortune magazine as the number one person for providing warning about the credit crisis. Egan-Jones is led by Sean Egan, founding partner and president, who earned his MBA from Harvard University and was employed as a commercial and investment banker before co-founding Egan Jones. 


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