Thursday, February 7, 2008
Ratings firms are announcing changes in their ratings procedures to counter criticisms that their ratings are not always the product of objective, unbiased research. S&P, for example, says it will rotate lead rating analysts after five years to prevent the relationship between the analyst and the company from getting too cozy. Moody's and Fitch are planning similar reforms. WSJ, S&P Plans Series of Moves
To Counter Conflict Claims.