ocr: Rating agencies defend their style of analysis- The agencies use legions of highly trained analysts and hedge their bets with access to top management. Their meticulous reports giving ratings for corporate bonds are THE two credit-rating agencies that dominate the designed to give an accurate picture of the bonds' business come in for flak from all sides. Investors riskiness and, ultimately, the probability of default. caught holding Enron's investment-grade bonds as Lately, rating agencies have struggled to keep up; their price sank to below that of junk say that its seems a bond's rating tel ...
