Credit Rating Agencies are on the Spotlight!

As our economy is trying to recover from losses related to the financial crisis, credit-rating agencies (CRAs), once a relatively anonymous group, are finally on the spotlight. This spotlight has led to numerous litigations against CRAs, as well as debates for both congressional and regulatory oversight. The wave of litigation based on claims that the mortgage lenders, investment banks, and companies purchasing subprime securities failed to … [Read more...]