The rating agencies' involvement in the global financial crisis has destroyed their credibility forever

Sorry, but I've put Standard and Poor's and the two other big American credit rating agencies on a negative watch.

The rating agencies' involvement in the global financial crisis has destroyed their credibility forever 1468193274544

For me, the rating agencies' involvement in the global financial crisis has destroyed their credibility forever. I can no longer take their solemn pronouncements seriously, nor hear them with the reverence or contrition they imagine themselves entitled to.

The rating agencies were one of the private sector institutions charged with upholding standards of behaviour in America's financial markets, putting investors' interests ahead of their clients' and their own.

http://www.smh.com.au/business/comment-and-analysis/ross-gittins-oh-no-not-a-credit-rating-downgrade-20160709-gq25vg.html

The rating agencies' involvement in the global financial crisis has destroyed their credibility forever

The rating agencies' involvement in the global financial crisis has destroyed their credibility forever

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