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In the past, investors paid credit ratings agencies to rate the bonds issued by various firms and governments. Now, it is the firms and governments
In the past, investors paid credit ratings agencies to rate the bonds issued by various firms and governments. Now, it is the firms and governments that pay the credit ratings agencies to rate their securities Why did the industry switch to a system where the firms paid the ratings agencies instead? Why would a firm be willing to pay a credit ratings agency to rate their securities What new possible problem has arisen as a result of this switch? 
In the past, investors paid credit ratings agencies to rate the bonds issued by various firms and governments. Now, it is the firms and governments that pay the credit ratings agencies to rate their securities
Why did the industry switch to a system where the firms paid the ratings agencies instead?
Why would a firm be willing to pay a credit ratings agency to rate their securities
What new possible problem has arisen as a result of this switch?
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
