Journal Article
Regulating the raters: Key provisions in proposed reforms
Fitzpatrick, Thomas J. (2010-01)
Credit rating organizations such as Moody's and Standard & Poor's have been counted on to provide investors with impartial assessments of companies' creditworthiness, and some have relied on CROs instead of due diligence. Reforms are needed but if regulators have rule-writing authority, they can use flexibility and creativity rather than just legislation.
Forefront , Issue Winter , Pages 6-7