Type to search

It's Time To Make Credit Raters More Transparent

Economy

It's Time To Make Credit Raters More Transparent

Share

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.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.