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I disagree w the statement that this is not relevant. It's also relevant in my view that rating structured products is hugely more profitable for the agencies than handling vanilla bond ratings. The agencies are de facto regulators who are paid for their work by the regulated bodies, viz. the banks that create these products. And now here we are.
I disagree w the statement that this is not relevant. It's also relevant in my view that rating structured products is hugely more profitable for the agencies than handling vanilla bond ratings.
The agencies are de facto regulators who are paid for their work by the regulated bodies, viz. the banks that create these products. And now here we are.
