There are some professions that really get all the flak. Who would want to be a traffic warden, a physics teacher or even a South American soccer referee All you get is abuse. No one understands your decisions. And no one values your contribution to society.
Into this category of Professions People Abuse, I will add that of working for a rating agency. Rating agencies provide an essential service for the smooth flow of information on the capital markets. However, no one claims to understand their decision-making process, no one likes them, and everyone has a story moaning about what the rating agencies have done.
But rating agencies are a fact of life...
