May. 19, 2022
May 19, 2022 I Strongly support this change in the rule. My reasons are: Antiquated manner of functioning of the rating agencies Overdue publications of rating updates, often delayed for obscure reasons Lack of consistency between the ratings Possible conflict of interests between issuers paying the ratings and the agencies Spill-over concerns to the real economy, especially in the car industry Unjustified impact on benchmarks, as the same players also constitute the major indices Benefit of due diligence and research by each investor rather than fostering blind sheep behaviors These both Moody and especially SP have shown they have a strong bias. Investors, advisors and institutions should be long at data not relying on outmoded ratings companies.