For all the blame, credit raters still count on big banks for support

For all the blame, credit raters still have allies in town: big banks

Excerpts from this story referencing "Credit rating agencies":

"… e to use ratings — even if they must also do additional due diligence.” …"

"… uits over securities that go bad, there really isn’t anyone else to sue. Credit rating agencies have long argued — successfully, so far — that they don’t bear any l …"

Under attack, credit raters turn to the First Amendment

By Ben Protess and Lagan Sebert

Under attack, credit rating agencies turn to the First Amendment

Rating agencies fight (and lobby) for survival

In recent months, the credit rating agencies have spent hundreds of thousands of dollars to delay new restrictions under the Dodd-Frank Act,
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Credit rating agencies most worried about liability

It’s go time on Capitol Hill for financial reform legislation, and the credit rating agencies are breathing a sigh of relief....

Excerpts from this story referencing "Credit rating agencies":

"… ly or recklessly” fail to review key information when developing ratings.Credit rating agencies rate the creditworthiness of a company or a financial product, such as a b …"

Under attack, credit raters turn to the First Amendment

By Ben Protess and Lagan Sebert

Credit rating agencies believe their ratings are 'opinions,' and thus have rights as free speech

How credit raters fended off oversight from Congress and SEC

By Ben Protess and Lagan Sebert

Sen. Schumer flip-flopped his position on credit ratings agencies
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Courts examine credit raters' 'intimate' relationship with bankers

By Ben Protess and Lagan Sebert

Documents provide window into raters' role in structured finance

Barney Frank vs. the credit raters

By Ben Protess

Financial services chair got tough measures passed, some want tougher

Facing crackdown, credit raters bring on heavy hitters

By Ben Protess

Breaking their own spending records, the biggest credit raters pull out the stops on lobbying budgets

Yielding to Wall Street, raters 'drink the Kool-Aid'

By Ben Protess

Documents detail banks' influence on credit rating companies