Monday, November 2, 2009

What's the Future of Rating Agencies?

It feels like the proverbial rats are leaving the rating agencies’ ship:
Oct 31 -- Warren Buffett's Berkshire Hathaway has reportedly lowered its stake in debt ratings agency Moody's by 2.9% this week.
Nov. 2 -- Fimalac completed the sale of a 20 percent stake in Fitch Ratings for 300 million euros.

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