Credit-rating-agencies [ Top 10 TRUSTED ]

Lawmakers called it a "colossal failure" of due diligence and warned of "huge conflicts of interest" inherent in the issuer-pays model. 🌐 The Modern Gatekeepers (Present Day)

: John Moody publishes the first publicly available bond ratings for railroads. credit-rating-agencies

By the early 21st century, CRAs were rating complex financial products, like mortgage-backed securities, with the highest "AAA" grade. Lawmakers called it a "colossal failure" of due