Report: Credit Rating Agency Downgrades ‘A 21st Century Form Of Redlining’

In the aftermath of the 2008 financial crisis, credit ratings agencies like Moody’s and Standard & Poor’s were criticized for giving bogusly high ratings to the bonds of financial firms that paid them. Now, a new report has accused the agencies of inappropriately downgrading credit ratings in a way that disproportionately harms low-income populations and people…

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