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April 28, 2008

All Business: Pay cuts bad news at credit-rating agencies

  • It's even more important now for them to be exhaustive in reviewing issues they have an obligation to cover.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Better a half-blind guard at the gate, than no guard at all.

    Credit-rating analysts have been sharply criticized for failing to properly assess the risk of mortgage-backed and other complex debt securities. That doesn't mean we don't need them doing the job.


     
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