Flawed Credit Ratings
Thursday, 30 April 2009 | 
Risk - Research
THE END OF THE LINE FOR THE RATINGS AGENCIES?
http://www.bloomberg.com/apps/news?pid=20670001&sid=a6NdKd8CfR2A
“We know the spreads are more accurate than ratings”
See this also from Research ReCap if you click through you realise that you are being asked to pay 500 dollars to read a report which explains why a Ratings Agency has changed its methodology on Stress Testing banks! To whom are these guys credible, anymore, I ask myself.
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