More Questions for Rating Firms

If you're paying the bill, you have some say in who does the work. That's what issuers of securities and the firms that rate the securities seem to believe. Yesterday's Wall Street Journal reported that the three major ratings firms switched analysts at the behest of their clients. True, the reason for the switch could be as simple as the analyst not doing the job fast enough for the client. Or, it could also be that the analyst was not giving the customer's securities a high enough rating. What do you think?