Angels,or,Demons Angels or demons

　　The roles and motives of the big three rating agencies need to be reconsidered 　　
　　Followingtheglobalfinancialcrisisin2008,ratingagenciesMoody’s,Standard & Poor’s and Fitch Ratingscameunderthelimelight.Theyweredeeplyimplicatedinthesub-primemortgagecrisis―highratingsofmanyriskysub-primedebtsblindedinvestors,touchingoffthecrisis.Inrecentyears,theyhaveloweredtheratingsofdebtsinPIGS countries―Portugal,Ireland, Greeceand Spain―andthreatenedtothrow moreEuropean debts into the “junk” pile.
　　 The alarms they sounded not only havehidden the real problems behind the globalfinancial crisis, but also are hindering ef-fortsto alleviatethe euro-zone sovereigndebt crisis. So it all begs the question: Arerating agencies more angelic or demonic innature? Either way,their behavior needtobe reconsidered.
　　注：本文中所涉及到的图表、注解、公式等内容请以PDF格式阅读原文

相关热词搜索：Angels Demons Angels or Demons angels+&+demons angels of death动漫