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RATING
 
AGENCIES:
The
 
Risk
 
of 
 
Over
‐
reliance
 
on
 
Ratings
 
 An
 
“Insider’s” View 
Markus
 
Krebsz,
 
MSI
SII
 
Risk 
 
Forum,
 
London
‐
24
 
Feb
 
2009
 
CONTENT
•
Overview
•
Ratings
•
Application
•
Constructive
 
criticism
•
Risks/Mitigants
•
Questions
 
&
 
close
2
 
OVERVIEW
of 00

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