Examine the potential for new competition and regulations for the big three, and discover how IROs communicate downgrades
When the financial problems at WorldCom and Enron came to light, both companies had been enjoying extremely respectable credit ratings from Standard & Poor's, Moody's Investors Service and Fitch Ratings, the three credit rating agencies officially recognized by the SEC at the time. Enron's debt wasn't downgraded to below investment grade until days before it filed for bankruptcy in December 2001. No wonder the quality of credit ratings has been called into question. But those weren't the
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