Tuesday 24 August 2021

Rating Agencies. Money

is one of Michael Jackson's least played songs, taken from the 1995 History album.  

Money is the name of the game for Rating Agencies, because at the end of the day they are only in this business for commercial reasons. READ : Fitch to withdraw Maybank bond ratings for commercial reasons

Lie for it
Spy for it
Kill for it
Die for it
So you call it trust
But I say it's just
In the devil's game
Of greed and lust
They don't care
They'd do me for the money

The moment you stop giving them money, that's when they stop providing information to investors.  One wonders what happens then if you give them  more money?  READ ; S&P fined US$1.5 billion

And if you think that fine changed them. You are WRONG.  READ ;  Why credit rating agencies are still getting away with bad behaviour