Treasury Today Country Profiles in association with Citi

Conflict of interest destroys ratings’ value

Aug 2011

1 Comment

“The management and board of Moody’s are squarely responsible for the poor quality of previous Moody’s opinions that ushered in the financial crisis” – so says a former senior analyst at the agency, William J. Harrington…

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  1. I could not agree more. This agency has been distorting ratings since I started at Chase in 1960 and probably before. I would not trust any rating from this agency. At least S and P is honest.
    Atlantic Capital's Gravatar

    Atlantic Capital 26/08/2011 20:45:44

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