Episode 122
The Dark Side of Credit Ratings: Three Failures Every Investor Should Know
Money Lessons with Andrew Temte, PhD, CFA
February 14, 202610m 28s
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Show Notes
In this episode of Money Lessons, Andy explores the failures of credit ratings through historical examples, including the Penn Central bankruptcy, the Enron collapse, and the 2008 financial crisis. He discusses the inherent conflicts in the credit rating system, particularly the issuer-pay model, and the implications of these failures for investors. The episode concludes with lessons learned and the importance of using credit ratings as one of many tools in risk assessment.
AndrewTemte.com