European Banks Preparing To Boycott Big Three Rating Agencies

[dixiegrrrrl]

lol...guess that will teach Moody's to threaten cuts in ratings.

"Sky News reports that "some of Europe's largest banks are intensifying discussions about a move to reduce their co-operation with the big three credit ratings agencies amid widespread dissatisfaction with their decision-making." After all, when all they do is downgrade, as opposed to the old standby, upgrade, who needs them. In fact, why not just shut their mouths entirely. Sadly, this is precisely what is on the horizon."
http://www.zerohedge.com/news/european-banks-preparing-boycott-big-three-rating-agencies

[Po_d Mainiac]

1. Considering the now worthless toxic shit

That was AAA+

[hay rick]

2. The banks want to be graded on a curve.

Surely some bond somewhere must be worth a AAA rating. Or not.

Concerning Moody's: a stopped clock is still right twice a day.

[Prometheus Bound]

3. I believe that will solve Europe's financial problems.