4 ms·
Well, most of the ratings are done based on financial statements. The problem we are seeing is that losses in held-to-maturity securities do not show up in thes
by jsemrau 4y ago
Well, most of the ratings are done based on financial statements. The problem we are seeing is that losses in held-to-maturity securities do not show up in these financial statements and might create a liquidity crunch in case of a bank run.