3 May 2008
Getting it wrong - rating the rating agencies
Listen Now - 03052008 |Download Audio - 03052008
Ratings agencies occupy a rarified place in the world of business and finance.
Through the application of apparently simple labels, be it a C, B or AAA, they've become a barometer for financial risk.
Those ratings have come to mean everything in terms of both perceived and actual risk in relation to a particular underlying corporate or government body or financial instrument.
But do the rating agencies themselves now have questions to answer over ratings given to some financial products, especially those connected the sub prime meltdown?
Guests
Rob Ferguson
CEO, IMF Australia
Story Researcher and Producer
Scott Wales
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