3 ms·
Following that reasoning, that probably means China's economy situation would be much worse.
by justicezyx 9y ago
Following that reasoning, that probably means China's economy situation would be much worse.
- ProfessorLayton 9y agoI believe the OP is putting the agency's credibility into question, which I think is valid, considering their role in the financial crisis. https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_crisis https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the...
- adrenalinelol 9y agoThere was a financial incentive to look the other way. That doesn't exist in this case.
- r00fus 9y agoThey failed their mission to instead chase profits to the detriment of the public. What's to say they don't have a financial incentive here?