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Assignment: Rating the Credit Rating Agencies 

05/03/2009

Rating the Credit Rating Agencies 

BBC World Service - Assignment, Rating the Credit Rating Agencies

Credit Ratings Agencies - the villains of the financial crisis? Assignment investigates.

Who is to blame for the current economic meltdown?  For Assignment Mark Gregory turns the spotlight on a set of organizations – the Credit Rating Agencies.

Who’s responsible for our current economic meltdown?  Financial institutions around the globe are now sitting on mega losses – they hold assets worth a fraction of what they paid for them.  But one set of organizations – credit rating agencies - gave these institutions false confidence to buy these assets.  So are the Credit Rating Agencies the real villains?  Mark Gregory reports for Assignment.

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