We’ve been hearing a lot about rating agencies, and Standard and Poors in particular. You might have the general idea that the ratings they give bonds are a lot like your credit score. The lower the bond rating, the lower the credit score, the harder and more expensive it is to borrow money. But how exactly do these places work? And how might their judgment be corrupted? Marketplace’s Paddy Hirsch explains in this video using his trusty whiteboard and dry-erase marker.
How Do Credit Rating Agencies, Like Standard And Poors, Work?
By Ben Popken August 9, 2011
- fico ain't nothing but a number Would You Break Up With Someone For Having A Bad Credit Score?
- Finding a solution Consumer Advocates Shine Spotlight On Too-Common Credit Reporting Errors
- Free Credit Scores For Real? New Legislation Aims To Ensure Accurate Credit Reports, Provide Free Credit Scores
- big data is watching Predictive Models, Secret Scores: How Computers Decide Who You Are & What To Sell You
- family interrupted What Can You Do When Your Adoption Agency Goes Bankrupt?