The ratings war
The question of who rates the rating agencies has raised its head many times over the past decade, and many in the industry consider reform to be well overdue. Mairi Mallon looks at the fall-out effects on rating sub-prime securities and the ensuing SEC investigation on the industry's unofficial but powerful watchdogs
Few in the (re)insurance world will have shed a tear when three ratings agencies, Fitch, Moody's and Standard and Poor's got a lashing from the Securities and Exchange Commission this summer.
The three
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