Which of the following statements about bond rating agencies is NOT true?
Rating agencies such as Moody's and SP are NOT part of the federal government
During the financial crisis of 2007-2009 it became clear that rating agencies severely underestimated the risks of some issues
Bond rating agencies are paid by investors and receive no compensation from the bonds' issuer.
If SP issued an AAA to a bond, then Moody's will most likely but not for sure issue Aaa to the same bond.
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