Originally Posted by WheyHey
With the news that Moody's have placed U.K.'s AAA rating as at risk it's got me thinking who the f*ck are these agencies and whos purpose are they serving.
I smell a conspiracy. I'd blame ZOG only Moody, Best, Fitch etc don't seem like Jewish names
Credit ratings agencies simply asses the risk of whether something is likely to default, so investors can supposedly make better judgement.
The same principle as, idk, credit history, so banks can decide whether or not you're likely to default on your loans.