MISHECK MUTIZE, LECTURER OF FINANCE AT UCT’S GRADUATE SCHOOL OF BUSINESS.
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According to Misheck, International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises – from the financial markets collapse of New York City in the mid-1970s to the Asian financial crisis of 1997-1998, the Enron scandal of 2001 and the global financial crisis of 2008. All of these cost investors globally billions.
