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Issuer-Paid Ratings
Like its sister firms among the three major credit rating agencies, _______ derives payment for its ratings primarily from the issuers of the securities being rated, making its ratings for the most part issuer-paid. Students of the financial markets have asserted that conflict of interest is inherent in the issuer-paid arrangement. See: | Testimony of Professor John C. Coffee, Jr. (Columbia University Law School) Before the Senate Banking Committee, September 26, 2007