Commentary: Changes are inevitable for credit rating agencies

05/18/2010 | Bloomberg Businessweek

Credit rating agencies are under attack worldwide, columnist David Pauly argues, and much-needed changes are on the horizon. The Senate approved a measure that aims to prevent companies from shopping around for the most attractive rating. Meanwhile, European officials, including Michel Barnier of the European Commission and Jean-Claude Trichet, head of the European Central Bank, have called for changes.

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