Is Standard & Poor’s Poised For a Major Move?


Lots of things seem to be happening at McGraw-Hill’s Standard & Poor’s business these days, including some repositioning and new product and application development. (For more about the latter, see page 1).

On the structural side, Standard & Poor’s just sold JJ Kenny Drake, its municipal bond interdealer brokerage, to JJKD Holdings, Inc., a newly formed company. The transaction is subject to NASD approval and terms were not disclosed. In the boilerplate press release, S&P president, Leo O’Ne