Fitch
Rating agencies have hardly covered themselves in glory in recent times. If last week is anything to go by, the stain on their reputation could grow significantly larger.
By Chris Duncan on July 26, 2010
S&P, Moody’s and Fitch made a bold decision last week: they effectively banned the use of their ratings for new issues of asset-backed bonds. Since credit ratings are a legal requirement for bond registration statements in the US, this move has, in a single stroke, shut down the public market …
Posted in Communications | Tagged Fitch, Moody's, Ratings, S&P | Leave a response
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