Critics of rating agencies argue that because the firm pays rating agencies to rate the firms debt,

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Critics of rating agencies argue that because the firm pays rating agencies to rate the firm’s debt, the rating agencies have the wrong incentives. What do you think of this argument? Can you think of ways to assess its validity?

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Financial Markets And Corporate Strategy

ISBN: 9780077119027

1st Edition

Authors: David Hillier, Mark Grinblatt, Sheridan Titman

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Question Posted: Jul 15, 2024 10:10 AM

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Critics of rating agencies argue that because the firm pays rating agencies to rate the firms debt,

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Financial Markets And Corporate Strategy

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