Investment Banking

What crisis? Big ratings firms stronger than ever

S&P, Moody’s and Fitch issue more than 95% of global bond ratings, and profits are nearing all-time highs

What crisis? Big ratings firms stronger than ever

The three big ratings firms that played a central role in the last financial crisis never got a downgrade of their own.

Investors still overwhelmingly rely on Standard & Poor's Ratings Services, Moody's Investors Service and Fitch Ratings when deciding whether to buy bonds. The three issue more than 95% of global bond ratings, a total virtually unchanged from the pre-2008 period.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump