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3 pages/≈825 words
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Level:
APA
Subject:
Accounting, Finance, SPSS
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Essay
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English (U.S.)
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“The Credit Rating Controversy ” Reflection, Finance Essay (Essay Sample)

Instructions:

Read the attached article and compose a short reflection on the article.
The attached article in the link " The Credit Rating Controversy Council on Foreign Relations(1).pdf" , please check it.
Please make sure you answer all the below components in your reflection.
Instructions:
(1) At the top of the page, list the name of the article, the author, and publication where it is sourced.
(2) The body of the reflection will have four parts. Each part is a separate paragraph. Note that a paragraph is more than a couple of sentences.
Part (a) - What are the main idea(s) that the author presents in this article?
Part (b) What is the author's position(s) on the ideas that are presented?
Part (c) - What did you learn from the article?
Part (d) - Do you agree or disagree with the author's position? Why?
NEED TO SUMBIT ON THE Turnitin. Make sure you did your own work

source..
Content:


Reflection of The Credit Rating Controversy
Student’s Name
Institutional Affiliation

Reflection of The Credit Rating Controversy
“The Credit Rating Controversy” by CFR staff was published on the Council on Foreign Relations on February 19, 2015. The article shows how three agencies of credit rating, the Big Three, namely Standard and Poor’s (S&P), Moody, and Fitch played a role in the international money crisis. The primary objective that led to the formation of these organizations was to provide reliable and accurate information portraying the riskiness of different kinds of debts. Instead of striving to achieve their goals, credit rating agencies failed and exacerbated the international financial crisis by defrauding investors. Besides, many investors relied on the ratings provided by the Big Three in making strategic decisions. Credit rating agencies offered unfavorable and inaccurate evaluations and approved risky-mortgage-related securities. For this reason, they misled the financial market resulting in a crisis that would have been prevented if they played their roles transparently.

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