http://blogs.reuters.com/great-debate-uk/2011/11/30/rating-agencies-as-powerful-as-ever/ Sat, 18 May 2013 13:58:11 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/great-debate-uk/2011/11/30/rating-agencies-as-powerful-as-ever/comment-page-1/#comment-18767 hdanielblank Tue, 13 Dec 2011 18:47:40 +0000 http://blogs.reuters.com/great-debate-uk/?p=10582#comment-18767 The agencies also had MF Global as Investment Grade within three weeks of the default. Rapid Ratings had MF Global as the equivalent of junk as early as September 2009 in active coverage. I have links to a recent Business Week article, and two academic papers supporting the fact that even in their supposed core competency, rating public companies, Moodys has consistently erred on the side of being sticky and late to recognized changed financial health realities in corporate health. The agencies also had MF Global as Investment Grade within three weeks of the default. Rapid Ratings had MF Global as the equivalent of junk as early as September 2009 in active coverage. I have links to a recent Business Week article, and two academic papers supporting the fact that even in their supposed core competency, rating public companies, Moodys has consistently erred on the side of being sticky and late to recognized changed financial health realities in corporate health.

]]> http://blogs.reuters.com/great-debate-uk/2011/11/30/rating-agencies-as-powerful-as-ever/comment-page-1/#comment-18639 qwester Wed, 30 Nov 2011 16:34:20 +0000 http://blogs.reuters.com/great-debate-uk/?p=10582#comment-18639 These truths are too depressing for comment except possibly to remember that absolute power corrupts, absolutely. These truths are too depressing for comment except possibly to remember that absolute power corrupts, absolutely.

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