The Big Short: Inside the Doomsday Machine

Moody's and Standard & Poor's

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Asked by Bookragstutor 4 on 24 Aug 02:49

Last updated by Cat on 24 Aug 02:59

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Answered by Cat on 24 Aug 02:59

Moody's and Standard & Poor's are the two major rating agencies that rate the risk of securities. It was Moody's as well as Standard & Poor's who rated many of the CDS as triple-A even though many of them contained as much as 95 percent of subprime loans, loans that had previously been given the lower triple-B rating.