Investors Rely Less on Credit Ratings, Turn to Alternative Advisory Services
February 26, 2010
MBS and ABS investors have long depended on credit rating agencies to help evaluate investment opportunities, but the influence of the services may be waning, according to a new report by Aite Group, a business and advisory firm. “While [nationally recognized statistical rating organization] ratings will remain a part of the global debt markets, NRSRO hegemony may wane...