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: 9780071157612

2nd Edition

Authors: Mark Grinblatt, Sheridan Titman

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Question Posted: Jul 23, 2024 11:00 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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