For Moody's or any other agency, do they have any real insight on credit worthiness?
I would have just assumed that if you're another big financial institution you're doing your own research.
Is it that orgs below a certain size need these people to help tell them what's going on?
I would have also assumed anyone who holds an important amount of US treasuries does their own research and doesn't need to listen to any of these agencies?
What actual value do they provide? (esp. in light of the housing crisis proving they weren't providing any value at all?)
I would have just assumed that if you're another big financial institution you're doing your own research.
Is it that orgs below a certain size need these people to help tell them what's going on?
I would have also assumed anyone who holds an important amount of US treasuries does their own research and doesn't need to listen to any of these agencies?
What actual value do they provide? (esp. in light of the housing crisis proving they weren't providing any value at all?)