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Posts: 1,179 | Thanked: 770 times | Joined on Nov 2009
#10
Originally Posted by kureyon View Post
Did any ratings agency see the financial crisis coming (ie downgraded company and financial institutions well before the crisis hit?)

Someone should start a ratings agency rating agency.
Probably not but that does not automatically mean they all fail for doing so. They may not score 10 out of 10 for predicting the future but if you are downgraded then there must be a good present reason for it. Of course Meego could become as huge as Android and Nokia's rating goes up to A+ and I am sure we all hope that but fact is current and past trends do not point in that direction.
 

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