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Fri 10 Oct 2008Agencies discredited as questionable ratings face investigation
E-mails released to Congress show analysts had reservations about rating some securities, writes Proinsias O'Mahony
CREDIT RATING agencies are feeling the heat after the US Congress released internal e-mails that showed that analysts had serious reservations regarding securities they were giving top notch ratings to, with one analyst saying that the agencies had created a "monster".
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