When it comes to rating agencies, Egan-Jones is considered to be number four in the big three rating agencies; which means they don’t have as much influence as Moody’s, Standard & Poor’s, or Fitch. Regardless of their status among their more established brethren, they do have some influence and know how to make a headline. Egan-Jones often times is a trendsetter in the rating agency business by being more aggressive with their downgrades, and can sometimes be a harbinger of the other three to do something soon.
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