3 ms·
>An independent auditor, with reputation on the line, I don't think this will matter. Moody's and S&P are two rating agencies that both failed to give useful i
by kingaillas 5y ago
>An independent auditor, with reputation on the line,
I don't think this will matter. Moody's and S&P are two rating agencies that both failed to give useful info before the 2008 financial crisis. Their reputations weren't affected much as far as I can tell.
- shadowgovt 5y agoThat's because most of the financial world stumbled. The rating institutions won't take a big hit for blowing a call that 90% of the industry also blew.