Credit Ratings Now Irrelevant to Bond Markets?
Expect some "push-back" too from the credit ratings agencies. Presumably they won't appreciate Bloomberg's assertion that the ratings they have been selling to their clients for the last 40 years have been totally worthless -- at least all of their ratings in the bond market.
Oh what a tangled web we weave.
When first we practice to deceive...
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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