Motion Picture Association of America film rating system

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From Bad to Ugly: Did Moody’s Rig Ratings?

May 21, 2008By

To put things lightly, the major rating agencies have taken it on the chin throughout the current credit crisis; speak to investors, and you’ll find the agencies held in rare quarters, right next to used car salesman and mothers-in-law. It’s not easy, usually, to engender that sort of disdain. Which makes the revelations in a published report Monday evening at the Financial Times more than a bombshell — if true, these are the sort of things that aren’t just bad. They’re ugly.

3d rendering of a row of luxury townhouses along a street

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