What is the function of Ratings Agencies? The answer to that question was most pithily expressed thusly: might
“The function of a ratings agency is to visit the field at the end of the battle and shoot the wounded.”
-John Heimann, Spring 1998
(former U.S. Comptroller of the Currency and later vice chairman of Merrill Lynch and chairman of the Financial Stability Forum)
Sourced from Brookings
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.