Commentary: Large ratings agencies remain entrenched

02/11/2013 | New York Times (tiered subscription model), The

Many financial-market observers are probably taking a better-late-than-never attitude toward the Justice Department's lawsuit against Standard & Poor's over its ratings leading up to the global financial crisis, Gretchen Morgenson writes. "Given that the financial crisis began unfolding more than five years ago, it is discouraging to see how entrenched the large and established ratings companies remain," Morgenson writes.

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New York Times (tiered subscription model), The

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