Our problem here being that this doesn't solve the basic economic problem we've got surrounding the ratings agencies. "Investors relied on Moody’s credit ratings to be objective and independent, and they naturally expected Moody’s to follow its own published methods." Assume that we do want to have bond ratings. And there're only three groups of people out there who could possibly do so, issuers, investors or government. Following on will be pressure for better ratings for socially responsible companies and so on.....all part of politics no doubt but not actually things that should have a bearing upon credit ratings.

Source: Forbes January 14, 2017 10:29 UTC