Comments on: Rating agencies as powerful as ever http://blogs.reuters.com/great-debate-uk/2011/11/30/rating-agencies-as-powerful-as-ever/ Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: hdanielblank http://blogs.reuters.com/great-debate-uk/2011/11/30/rating-agencies-as-powerful-as-ever/comment-page-1/#comment-18767 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.

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By: qwester http://blogs.reuters.com/great-debate-uk/2011/11/30/rating-agencies-as-powerful-as-ever/comment-page-1/#comment-18639 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.

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