Wednesday, July 21, 2010

Bond Sale? Don't Quote Us, Say Credit Firms - WSJ.com

Bond Sale? Don't Quote Us, Say Credit Firms - WSJ.com

Fascinating position for the rating agencies to be in. We expect people to rely on ratings as part of the capital markets process, but we don't want to be called experts because that might mean we'd actually have to demonstrate some kind of discipline to our criteria and quality control of our ratings.


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