Investors Relied on the Judgment of Credit Rating Agencies Because

Multiple Choice

Investors relied on the judgment of credit rating agencies because:

A) Credit rating agencies are supposed to be the experts in evaluating credit risk
B) Information directly available to investors on mortgage pools was insufficient
C) Credit rating agencies are supposed to perform a thorough due diligence before rating a given security
D) All of the above
E) (a) and (c)