Wednesday, February 15, 2012

Are Credit Ratings Massively Overrated? | Economics Intelligence

The informational content of credit rating agencies seems to be minimal - worse than a simple indicator that can be constructed.

Are Credit Ratings Massively Overrated? | Economics Intelligence:
"Hilscher and Wilson reply that they do not claim that ratings have no informational content whatsoever. Having a S&P rating was certainly better than no information at all, stresses Hilscher"


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