Rating agencies definition in Wikipedia A credit rating agency ( CRA ) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themselves. In some cases, the services of the underlying debt are also given ratings.Source : http://en.wikipedia.org/wiki/Credit_rating_agency With the advent of social media and a digitally connected world at almost real time credit rating agencies are under pressure to change they work . Will there come a time when rating agencies will have a twitter feed on companies as events impact the instruments that they rate, With the convergence of Big Data and the Financial World this seems to be the reality. But it appears that these real time rating of financial instruments will emanate from new innovative and agile startups and not from the old established rating agencies. The rating agencies have not been...
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