Poorly Rated
“It was disappointing not to hear the rating agencies offer more reflection on their failures.”
鈥擨llinois Insurance Commissioner Michael McRaith, addressing fellow state regulators during their annual September meeting. Commissioners and federal lawmakers say they want to rein in credit ratings agencies like Moody’s, which some blame in part for the country’s economic collapse. Among the proposals: a nonprofit credit rating agency, or another managed by the National Association of Insurance Commissioners.
Was this article valuable?
Here are more articles you may enjoy.
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist From This Issue
