23.09.2011, 15:52, Polina Romanova, World stock markets closed in the red this week. All trading floors are agog with growing problems both in terms of global economy and at the regional level - in the European Union and the US. Future looks increasingly dim, with people losing confidence in rating agencies whom they used to irrevocably believe. They are accused of making unjustified decisions and even manipulating the market.The time has come for rating agencies to be bestowed the title of major market makers, as companies determining stock index movement are referred to by stockbrokers. Today, the three leading rating agencies are mainly expected to provide bad news. Companies changed their strategies drastically following the 2008-2009 crisis when rating agencies were subjected to fierce criticism for sleeping away the mortgage market and banking sector collapse. Читать далее, Source: Voice of Russia.
