Are credit rating agencies behind the times?

Over at our sister publication FierceFinance, editor Jim Kim notes that not only have major financial institutions been slammed during the market's bad times, credit rating agencies have gotten egg on their face too. After all, Standard & Poor's had Lehman Brothers operating groups rated A+ just before things fell apart, Kim notes. Besides, if they hadn't rated subprime mortgage instruments as AAA, maybe the whole market collapse wouldn't have happened. In fact, given their failures of late, have the ratings agencies have been discredited completely? FierceFinance

Suggested Articles

Humana filed suit Friday against more than a dozen generic drugmakers alleging the companies engaged in price fixing.

Medicare Advantage open enrollment kicked off last week, and insurers are taking new approaches to marketing a slate of supplemental benefit options. 

Health IT company Cerner announced a definitive agreement to acquire IT consulting and engineering firm AbleVets as a wholly owned subsidiary.