Ratings Agencies Are the Darnedest Things
Harvard Business Review
AUGUST 11, 2011
In olden times, the bond raters at S&P and Moody's were financial advice providers, sort of like Morningstar is today. Having high ratings from S&P, Moody's, and Fisk thus means a bigger market and lower prices for your debt. The United States and Moody's Bond Rating Service." But what job is that, exactly?
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