BUSINESS
09/02/2011 09:02 am ET Updated Nov 02, 2011

Do Credit Ratings Still Have Meaning?

Which is a safer investment: (A) Treasury bonds, backed by the full faith and credit of the U.S. government, or (B) securities backed by subprime loans, the same type of investments that led to the worst financial crisis since the Great Depression? For ratings company Standard & Poor’s, the answer is B.

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