Bankers and the rating agencies believed in financial alchemy.

This is why rating agencies opinions are so valuable.

But what, then, were the credit rating agencies doing?

It should apply to all products that rating agencies evaluate.

The rating agencies miscalculated the value of asset backed securities.

There is widespread recognition that rating agencies have let down investors.

The credit rating agencies would probably evaluate the United Nations for credit rating purposes based on various criteria, including

Incentives for brokers and credit rating agencies have been even more perverse.

Predictably, the Senate s bill encountered stiff resistance from the dominant rating agencies.

This would, among other things, reduce the role of credit rating agencies.

Bond rating agencies have issued misleading ratings on companies in questionable health.

The verdicts of rating agencies on asset quality can also be flawed.

The United Nations goal with respect to the credit rating would be to convince the credit rating agencies to treat the borrowing as quasi sovereign for credit rating purposes.

The rating agencies thought that house prices would just keep rising. And then there was that minor detail that the rating agencies were being paid by the sellers of the securities.

Are rating agencies and the markets really so ill informed about public spending?

Indeed, the rating agencies, whose malfunctions contributed to the crisis, must be regulated.

Rating agencies have been and should remain an important aspect of modern capital markets.

Acknowledging that rating agencies were incompetent without doing anything to regulate them was inexcusable.

Similarly, the rating agencies relied on information provided by the originators of synthetic products.

A second problem for regulators, supervisors, and, indeed, credit rating agencies was scarce resources.

The lack of transparency in the working methods of rating agencies was also noted.

Appropriate regulation including regulation of rating agencies would most likely make traditional banks popular again.

Fourth, the role of rating agencies needs to be rethought, with more regulation and competition introduced.

Bond rating agencies downgraded Argentina s government debt, which contributed to a further rise in the risk premium.

Yet this new thinking has yet to influence significantly the behavior of bond investors and rating agencies.

ESMA supervises rating agencies directly but, outside banking, national authorities retain their day to day oversight responsibilities.

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An investment grade rating reflects the credit rating agencies' belief that the probability of payment of the bond is high and the financial risk associated with the investment is low.

The banks do all of this work so the credit rating agencies will stamp the top slice as a safe, triple A rated investment The highest safest rating there is.

Rating agencies and shareholders are nervous when they hear that a stricter regulatory environment is not necessarily a disadvantage.

Moreover, credit rating agencies had serious conflicts of interest, because they received fees from the managers of these instruments.

The buyers of the CDOs were often misguided by rating agencies that performed badly and did not provide reliable information. As private rating agencies live on the fees they collect from rated companies, they cannot easily downgrade important clients or the assets they sell.

Credit rating agencies, which play an important role in modern capital markets, completely failed in the years preceding the financial crisis. What is needed is an effective mechanism for rating the raters.

However, as we enter CAFTA DR, the credit rating and export promotion agencies of the developed countries have assigned us a risk rating less favourable than what we consider it should be.

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