Rating agencies are rated very high in investor’s world because their actions cause rise or fall in bonds prices. Secretly they all hate them – but they can not be eloquent. Often, these agencies are being abused by the Authorities to serve their political agenda. US despite 12 trillions of debt is rated AAA and China with $ 2.3 trillions of forex reserve is rated A+, Read this article for more insights..
Rating & Mating Game – US abuse of Rating agencies