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Large Banks Win Higher Credit Ratings

ECB study says rating agencies are 'conflicted' because of the business they get from banks.

By Matt Robinson, Bloomberg | Updated on October 24, 2012

Big banks are awarded higher grades from ratings firms because the lenders provide them with business including evaluating securitized debt, according to a European Central Bank study.

Larger financial institutions were more likely to receive better grades, according to the research report, which reviewed about 39,000 quarterly bank ratings from Standard & Poor’s, Moody’s Investors Service and Fitch Ratings from 1990 to 2011.

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