2 ms·
The Big Three credit rating agencies (Moody's, S&P and Fitch) have been ripe for disruption for ages. Something's flagrantly broken when Lehman carries an A2 r
by kjhughes 18y ago
The Big Three credit rating agencies (Moody's, S&P and Fitch) have been ripe for disruption for ages. Something's flagrantly broken when Lehman carries an A2 rating right up to its bankruptcy filing and AIG's troubles go unnoticed.
Maybe the transparency of open reporting standards (XBRL) and the insights of crowdsourcing (FreeRisk) can be combined to fix the system.