This was one of the reasons the credit rating agencies began their recent spate of downgrades.
Credit rating agencies are considering downgrades of BNP Paribas and two other major French banks.
The credit rating agencies reviewed tens of thousands of issues twice a year at best.
An unfortunate side effect of this perception change is the reaction by the credit rating agencies.
Credit rating agencies have contributed a fair share of the reason we had a financial crisis.
Credit ratings are issued by credit rating agencies, private companies who sell their financial analysis to investors.
Why then did the DoJ and Schneiderman go their separate ways in the credit rating agencies investigations?
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You know, and the FBI is also starting to look into these credit rating agencies as well.
The two largest credit rating agencies have urged US politicians to do more to sort out the budget.
The real way to address the problem with credit rating agencies is to change the way they are paid.
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Although the credit rating agencies don't rate these pools, they give triple-As to the corporate bonds of the sponsors.
The credit rating agencies--how you deal with those, and is there any substitute?
Christian Noyer, chairman of the French central bank, said credit rating agencies should downgrade the UK before they downgrade France.
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Some would argue the problem was that the packagers of credit snookered the credit rating agencies leading up to the credit crisis.
For a start, credit rating agencies' own credibility hasn't recovered - perhaps it never will - from their role in the sub-prime fiasco.
Credit rating agencies were giving top-notch ratings to what were essentially toxic assets that banks would then turn around and sell to investors.
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Reinsurers use models to set their prices, and credit rating agencies may downgrade an insurer's rating if they don't like what model results show.
Last year, credit rating agencies were arguing for either a downgrade or a negative outlook on India debt, citing policy paralysis in New Delhi.
For instance, she said, the agency recently proposed new rules for credit rating agencies and for the reporting of the specific investments behind asset-backed securities.
It's also possible because some subprime lenders don't report to the credit rating agencies that people may find that their credit scores haven't changed at all.
The government has arranged it so there are just three sources that really matter for bond ratings the big-three credit rating agencies are effectively a government-approved oligopoly.
The credit rating agencies are very unhappy at the idea of allowing a company a higher credit rating than the sovereign nation in which they are domiciled.
The coalition has long banked the credibility of its deficit reduction programme on the verdict of the global credit rating agencies, Moody's, Standard and Poor's and Fitch.
The leading credit rating agencies failed to do their job in rating these Fannie and Freddie subprime mortgage securities AAA, misleading everybody as to the real risks involved.
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Not too long ago, credit rating agencies warned big U.S. institutions like Morgan Stanley and Goldman Sachs about their European exposure (and their large investment banking units).
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Mr Balls told BBC One's The Andrew Marr Show the current austerity measures were "self defeating" and had left Chancellor George Osborne claiming he was "trapped by the credit rating agencies".
Credit rating agencies mark down countries in that position.
So, understandably, credit rating agencies don't trumpet free offerings.
Ben Critchley, a sales trader at IG Index, said investors would be keeping a close watch on the Congressional testimony of senior staff members of credit rating agencies in Washington on Wednesday.
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For example, the links between a company desirous of going public and its lead merchant bank, underwriters, stock exchange and credit rating agencies--as well as the fees they earn--are well established and easily understood.
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