The credit rating agencies: Not making the grade
Admin2017-08-21T07:03:55+00:00Three of the key actors in the tragic play that was the economic meltdown are the major credit rating agencies: Moody’s, Standard & Poors, and Fitch. First, we should establish that these organizations, despite being referred to as “agencies”, are not part of the government. To appreciate the important role they play in the financial ecosystem, we must