Ratings Agencies Are the Darnedest Things
Harvard Business Review
AUGUST 11, 2011
That doesn't mean they were infallible, but it was pretty clear what they were up to and what their incentives were. regulators followed suit — credit ratings are now mentioned almost 2,000 times in the Federal Register. Lots of overseas regulators and private investors have come to rely on the ratings as well.
Let's personalize your content