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Pardon my ignorance, but what does "unsolicited" imply in this context? Who normally solicits a rating?
by moskie 12y ago
Pardon my ignorance, but what does "unsolicited" imply in this context? Who normally solicits a rating?
- awkwit 12y agoUsually the business model is the company pays the credit rating agency to get their debt rated (hence the classic conflict of interest situation). Unsolicited would suggest this was not the case.