Read your subscribers contract and you’ll see that there is a premium on getting it right, getting it soon and being aggressive about both goals.FWIW, I am responsible for millions of dollars worth of contracts annually with Moody’s, S&P, Fitch and Bloombergs and I have an inkling about what I am saying. What looks like throwing their weight around is the aggressive pursuit of timely accuracy.
I’m not interested in excuses. I’m not saying you can’t concoct a plausible reason for them to do it. I’m interested in the underlying realities.
The underlying truth is that the credit ratings agencies are throwing their weight around a lot these days, and the power they wield is dangerous and disproportionate.