Rating agencies score a failing grade

Our readers give their opinion on rating agencies’ accountability in the wake of a damning verdict against Standard & Poor’s in Australia.
<div style="text-align: left;"> Australia's federal court in Melbourne </div>
<div style="text-align: left;"> Australia's federal court in Melbourne </div>
November 13, 2012

Standard & Poor’s took a beating in an Australian court last week after a judge found that the rating agency had been “misleading and deceptive” in its rating of a particular structured finance product.

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