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Released: February 09, 2013
On the waiting list at the debt-rating club
Source: Gretchen Morganson - The N.Y. Times (Paid Registration)
Given that the financial crisis began unfolding more than five years ago, it is discouraging to see how entrenched the large and established ratings companies remain. Ratings are still used to determine bank capital requirements, and investors rely heavily on them.
Read Full Article: On the waiting list at the debt-rating club
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