Some medium to large private investors treat ratings reports as signposts nothing more. But a disturbing proportion of investment traders / dealers seem to trea

Some medium to large private investors treat ratings reports as signposts nothing more. But a disturbing proportion of investment traders / dealers seem to treat them as a tick box exercise or a "nobody ever got fired for buying IBM" CYA instrument. After one week of working on a stockbroking floor I was disabused of almost all the economics I learnt in school.