Many investment decisions in global financial markets were made based on rankings made by international rating agencies, which are recognised establishments.
In line with these rankings, some shares sky-rocketed, while others plunged, as if rating agencies have a magic wand that enables them to control stock markets all over the world.
However, the global financial crisis revealed that such rankings were custom-made to match the interests of certain financial institutions in a way that enabled them to achieve biggest share of profits.
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