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Should companies such as Moody’s, which are owned by players in the world’s financial fields, be permitted to make ratings that are binding on certain portfolios that they compete for?

Asked by: ansel
Should companies such as Moody’s, which are owned by players in the world’s financial fields, be permitted to make ratings that are binding on certain portfolios that they compete for?
  • No responses have been submitted.
  • No, it is a conflict of interest.

    No, companies like Moody's should not make ratings that are binding on portfolios they compete for, because allowing them to rate something that they have a financial interest in creates a conflict of interest. It is very hard for the general public to be informed and compete in the investment market on an even playing field. Any conflict of interest should be avoided.

  • The Present Credit Rating Practices by Agencies Such As Moody’s Equal Unfair Financial Trading.

    Bankrupted and financially stagnant countries must clear the way for the world economic recovery to be led by economically healthy and catalyst filled developing countries, stop deceiving the world through the media that the recovery depend on the recuperation of the developed economies. Industrialization is now a worldwide reality; developed countries of Europe and the U.S are losing competitiveness.

    Credit ratings agencies must be regulated against unfair ratings practices, unfairly controlling world investments, obligating investors to obey their unfair ratings dictates. A neutral international financial ratings institution must be created to stop unfair financial trading, with developed countries agencies such as Standard & Poor’s, rating other countries governments and banks, is the highest level of unfair financial trading that is suffocating world's economic growth for particular political, groups and self-interests.
    When the developing countries with their massive population consumer base are economically empowered, it means more business for developed countries.


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