After heavy criticism from investors, analysts and bond insurers over Standard & Poor’s new bond insurance rating criteria, the agency is firing back in self-defense. 

S&P — which issued the final criteria at the end of August after sending out a request for comment criteria in January — took heat both from analysts and investors on a conference call in early September and from bond insurer Assured Guaranty’s president and chief executive, Dominic Frederico, last week.

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