Answer Happy

An article in the Wall Street Journal had the headline, "Investors Should Fear More Competition Among Ratings Companies." In most markets, economists believe that more competition increases economic efficiency and makes the customers of firms better off. Who are the bond rating agencies' customers? A. Rating agencies are hired by the companies that they are rating. O B. Rating agencies work for the U.S. Congress. O C. Rating agencies do not have customers, they are non-profits that rate all bonds. O D. Rating agencies work on behalf of the Securities and Exchange Commission.