A US Senate oversight committee has criticised rating agencies Moody's and Standard & Poor's (S&P), alleging that they sold AAA ratings to investment banks for portfolios of assets that they knew to be a considerable default risk.
A US Senate oversight committee has criticised rating agencies Moody's and Standard & Poor's (S&P), alleging that they sold AAA ratings to investment banks for portfolios of assets that they knew to be a considerable default risk.