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Hi Lion,
I suspect the said agencies have been paid to give favourable ratings to the said securities, like the FDA for the medical drugs.
Currently the FDA has no sufficient resources to test the various new medical drugs for their respective efficacy. So the big pharma companies are paying the researchers/scientists to give favourable report for submission to FDA for the necessary approval/sales to the public.
For this reason, we now have lots of dangerous side effects from medical drugs like VIOX, statins, anti-depression tablets, etc, etc. What the big pharma pays for lost legal suits in terms of $100M is nothing compared to what they have eraned in billions $ from selling those medical drugs to the whole world.
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