Which of the Following Is NOT a Reason That Credit

Multiple Choice

Which of the following is NOT a reason that credit ratings agencies became more relevant beginning in the late 1970s?

A) The number of bond defaults rose due to periods of recession and inflation.
B) Rating agencies began to charge investors for their services.
C) Governments began to include bond ratings in their regulation of banks, mutual funds, and other financial firms.
D) Rating agencies began to rate bonds issued by foreign governments and firms.