credit rating agencies

The European Union said Tuesday it wants to allow investors to sue credit rating agencies for compensation if they break EU regulations "intentionally or with gross negligence."

Standard Poor’s decision to downgrade the United States has led to a lot of criticism of Standard Poor’s. The White House called their performance, which included a miscalculation of about $2 trillion, “amateur hour.” Rep.

Barney Frank was even less sparing. “These are some of the people who have the worst records of incompetence and irresponsibility around,” he told Rachel Maddow last night.

They are trying to “justify their reputation.” All of this is true. Standard Poor’s didn’t just miss the bubble.

They helped cause it.

Lawmakers rewriting financial regulations took aim Friday at credit rating agencies, whose analysts often gave safe ratings to risky investments that contributed to the financial crisis.

Trying to be transparent, credit rating agencies made their computer models public, and banks used that knowledge to shape some of the investments involved in the financial crisis.

The Greek government's proposals to slash its massive budget deficit won praise from one of the world's biggest credit rating agencies, but the agency questioned whether Prime Minister George Papandreou can push the plan through.

As Washington rewrites the rules of Wall Street, how is the overhaul of the Big Three credit rating agencies coming?

Experts say it isn’t.

In the suit, the state’s attorney general asserted that Standard & Poor’s, Moody’s and Fitch Ratings provided misleading ratings that led to hundreds of millions of losses for state funds.

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California's attorney general said Thursday his office is investigating Wall Street's big credit rating agencies to determine what role they may have played in the collapse of the financial markets.

Federal regulators on Thursday proposed new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit rating industry, which was widely faulted for its role in the subprime mortgage debacle and the financial crisis.