Muddy Waters ups the ante by offering to pay for Olam Debt Rating

Dealbook.nytimes.com, 30 Nov 2012
Muddy Waters Research, the short-seller founded by Carson C. Block, introduced an unusual twist in its battle against the Singapore agricultural commodity company Olam International: an offer to pay for Olam to get its debt rated by Standard & Poor’s.
‘‘We hereby make a bona fide offer to pay for Olam to have one of its public debt issues rated by S.&P.,’’ Muddy Waters said in a statement published on its Web site and circulated via e-mail.
Representatives for Olam did not immediately respond Friday to requests for comment. Full story