Term

rating agencies

Companies that give debts and securities a safety grade, from the top grade AAA down to the riskiest.

The Signal and the Noise: Why So Many Predictions Fail, but Some Don't, Nate Silver

Explained in

• The Signal and the Noise: Why So Many Predictions Fail, but Some Don't, Nate Silver
• Weapons of Math Destruction, Cathy O'Neil

  Companies that assess how safe debts and securities are and give them ratings, from the top grade down to junk.

• The Big Short: Inside the Doomsday Machine, Michael Lewis

  Companies that assess how safe debts are and give them letter grades, from the top grade of AAA downwards.

All terms