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Saturday, October 1, 2016

It's Time To Make Credit Raters More Transparent

Jonathan Weil writes that credit rating agencies like Moody’s and Standard & Poor’s should have to disclose how much their clients pay them for their services in his column, “MF’s Money Mystery Is How Much It Paid Moody’s:”

So many times when the big credit- rating companies have embarrassed themselves, the world has sighed and chalked it up to a business model that by design invites corruption and incompetence. Perhaps never before have the public’s expectations for the industry been lower.