According to Investor Insight - High Ratings Can Bring Low Returns in Chapter 10 of the text, what did some people feel rating agencies were doing before the 2008 financial market collapse? 000 Rating agencies were giving low ratings to too many companies that didn't deserve them. Rating agencies were reluctant to give large companies low ratings because they feared that by offending them they would lose out on business opportunities. Rating agencies were being pressured by the FASB to give lower returns to larger companies. Rating agencies were being pressured by the SEC to give higher ratings to larger companies