Bankers and the rating agencies believed in financial alchemy.

This is why rating agencies opinions are so valuable.

The rating agencies miscalculated the value of asset backed securities.

The credit rating agencies would probably evaluate the United Nations for credit rating purposes based on various criteria, including

There is widespread recognition that rating agencies have let down investors.

The United Nations goal with respect to the credit rating would be to convince the credit rating agencies to treat the borrowing as quasi sovereign for credit rating purposes.

Predictably, the Senate s bill encountered stiff resistance from the dominant rating agencies.

This would, among other things, reduce the role of credit rating agencies.

Bond rating agencies have issued misleading ratings on companies in questionable health.

Indeed, the rating agencies, whose malfunctions contributed to the crisis, must be regulated.

Rating agencies have been and should remain an important aspect of modern capital markets.

Acknowledging that rating agencies were incompetent without doing anything to regulate them was inexcusable.

Similarly, the rating agencies relied on information provided by the originators of synthetic products.

The lack of transparency in the working methods of rating agencies was also noted.

Appropriate regulation including regulation of rating agencies would most likely make traditional banks popular again.

Fourth, the role of rating agencies needs to be rethought, with more regulation and competition introduced.

Bond rating agencies have issued misleading ratings on companies in questionable health. Will we ever again be able to trust a triple A rating issued by, say, Moody s?

Yet this new thinking has yet to influence significantly the behavior of bond investors and rating agencies.

This broad set of spiraling difficulties has led credit rating agencies to slash Egypt s rating. It is also discouraging foreign direct investment, as is the discrediting of Egypt s police forces.

An investment grade rating reflects the credit rating agencies' belief that the probability of payment of the bond is high and the financial risk associated with the investment is low.

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However, as we enter CAFTA DR, the credit rating and export promotion agencies of the developed countries have assigned us a risk rating less favourable than what we consider it should be.

Moreover, credit rating agencies had serious conflicts of interest, because they received fees from the managers of these instruments.

The buyers of the CDOs were often misguided by rating agencies that performed badly and did not provide reliable information. As private rating agencies live on the fees they collect from rated companies, they cannot easily downgrade important clients or the assets they sell.

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The second shaky principle is that, in order to validate these instruments, issuers of CDOs relied on credit rating agencies.

Obviously, more detailed calculations and analyses are required, along with discussions with governments, existing institutions, rating agencies, and other stakeholders.

If Europe wants to devise its own rules for credit rating agencies and hedge funds, it should simply go ahead.